He was also the International Controller with Ingersoll-Rand Company.
Rand parted company with Aquinas based on his premises, not on what he concluded from them.
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In the 1970s, he started his business life with a small paper and wood company called Rand-Whitney.
Rand Paul of Kentucky agreed that the tech company had become a poster child for the need to revamp the loophole-ridden corporate tax code.
By mid-2002 Motsepe's company, helped by a weakening rand and a strengthening gold price, was robust enough to list on the Johannesburg Stock Exchange.
The company has already lost 2.7 billion rand in revenue due to earlier postponements of the e-tolling scheme.
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Capital expenditure will fall to between 6bn and 7bn rand a year over the next three years, the company said.
The company said the restructuring would save 3.8bn rand by 2015.
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As the company's net debt increased 186% to 10.49bn rand, up from 3.66bn rand at the end of 2011, the board has decided to shelve paying a final dividend.
Under BEE laws, white-owned companies with an annual revenue of at least 5m rand are given ratings for enabling blacks to own shares, improve their skills within the company, move up the managerial ranks, and so on.
Deutsche Bank reckons that the firm is worth a whopping 96 billion rand, including its 50% stake in Vodacom, South Africa's biggest mobile-telephone company.
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Regulators were concerned that a Chinese company would gain access to sensitive cybersecurity vulnerability information held by 3Com's security division, Tipping Point--fears heightened by reports from RAND and the Heritage Foundation pointing out the military background of Huawei's chief executive and the company's close ties to the Chinese government.
Daddy Rand, Tony, and the boys (Greg, Bill and Mark) had a struggling natural gas company that was behind on its bills so they sought out new investors.
The company, called 360 Aviation, was trying to sell Bell helicopters to Iran in a two billion rand deal, according to the Sunday Times.
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