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The siphoning off of money from state-owned enterprises (SOEs) to fund The New Age newspaper was a typical example of the “calculated strategy” by the Gupta family to appropriate public funds where there was no discernible value for these enterprises or government departments, the Zondo commission concluded in its first report to President Cyril Ramaphosa.

Government information department GCIS, Eskom, Transnet and SAA all fell victim to this strategy, which was facilitated by internal executives or officials acting in cahoots with the owners of The New Age newspaper...

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