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South Africa completes probe of alleged corruption involving Eskom, Transnet

Staff Writer | July 30, 2018
South Africa's National Treasury has concluded its investigation of alleged corruption at state power utility Eskom and state logistics firm Transnet and will give the relevant parties two weeks to respond before making its findings public.
Africa   The relevant parties two weeks to respond
In a statement on Sunday the treasury said it had completed a draft report of its investigation into coal supply agreements between Eskom and Tegeta Exploration and Resources - a company owned by the Gupta business family which South Africa's corruption watchdog accuses of using its relationship with former president Jacob Zuma to wield influence and win government contracts.

The report also covers allegations of misconduct concerning state logistics firm Transnet's purchase of over 1,000 trains from China South Rail.

A judicial inquiry into what has been termed "state capture" - widespread corruption involving billions of rands worth of state contracts during Zuma's presidency - is due to start next month.

International companies affected include global consultancy McKinsey, Germany's SAP and public relations giant Bell Pottinger.

"The report has been given to the relevant parties for comment. These parties have been given two weeks to respond," the treasury said.