Former Eskom chairman Ben Ngubane sought to blacklist newspapers that published stories critical of the power utility. This is revealed in an explosive draft report obtained by Business Day into allegations of looting at Transnet and Eskom commissioned by Treasury. The report, produced by Fundudzi Forensic Services, provides a devastating picture of the Gupta-linked network’s five-year looting spree at the state entities. Its interim findings detail how procurement rules were flouted at Transnet to award a series of suspect train deals to China South Rail worth R25bn. The Gupta leaks revealed that these contracts resulted in suspected kickbacks of R5.3bn being earmarked for Gupta-linked companies in Dubai and Hong Kong. The Treasury’s draft report cites suspicious payments to former Transnet and Eskom chief financial officer Anoj Singh, and instances when global consultancy McKinsey arranged his trips to Europe, Dubai and Russia before being awarded lucrative contracts by Transnet a...

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