Three original recordings captured in February 2020 while Rebosis Property Fund faced R10 billion in debt and imminent collapse. Subjects Zunaid Moti, Sisa Ngebulana and associates outline a rescue plan that morphs into a covert takeover using undisclosed call options, discounted share purchases, and partial settlement in luxury motor vehicles. Voting control is secured while remaining invisible to JSE surveillance and minority shareholders. Metadata confirms files created 12–14 February 2020; no subsequent alterations detected.
Zunaid Moti presents R3 billion rescue package (R1.5 bn EPPF + R1.5 bn private consortium). Consortium enters at discounted rate via management agreement, forces removal of Sisa Ngebulana from operational control, sells underperforming malls, and plans eventual private take-out at 60 % premium. Nedbank’s Gary Garrett confirmed same-day moratorium extension on condition Sisa is “kept in line”.
Explicit instruction to use call options because “an option doesn’t register on the system”. Participants agree to feed R4–10 million tranches, notarise immediately, and attach voting rights from day one while remaining undetectable by JSE and STRATE. Key quote: “You must buy the option through the vote.”
Final meeting with legal counsel. 60 million shares transferred at 40 cents (R24 million total). Initial R4 million cash, remainder in instalments including luxury vehicles. Repeated emphasis on absolute confidentiality and planned future involvement of Chroma Capital interests.