Transnet

Stories

How the Guptas’ R9-billion loco heist went down

Not for the fainthearted: Drawing on contracts and banking data we make public for the first time, we analyse in detail how Transnet locomotive suppliers pledged R9-billion in kickbacks to the Guptas, of which at least R3.7-billion has been paid.

Stories

Locorruption reloaded: We reveal Gupta kickback contracts worth R9bn

Three years ago today amaBhungane and its #GuptaLeaks partners revealed a kickback contract between the Guptas and a locomotive manufacturer contracted to Transnet. Now we publish eight. These, and banking data, show how comprehensively the crime family pillaged SA’s state rail company – in cahoots with two Chinese manufacturers that have since merged to form the world’s biggest rail conglomerate.

Stories

Update: Capitec clobbered in state capture payback case

A scathing ruling has lashed the bank for blocking a R500-million settlement for struggling Transnet pensioners. Instead Capitec used threats and misinformation to try preserve a 0.7% black-owned share held by alleged state capturers, the court found.

Stories

Pensioners’ showdown with state capture ‘architect’

Transnet pension fund sets out the A to Z of its exposure to ‘Gupta corruption'.

Stories

The barren Sahara: a lesson in money laundering

#GuptaLeaks records disclosed in new court papers shows the Gupta computer company made R122-million profit on a deal that cost it just R167.

Stories

R349m ‘stolen’ from pensioners in four days

After allegations emerged in court of yet another scam that Regiments Capital used to plunder a Transnet pension fund, Regiments directors quickly agreed to pay half a billion rand to settle all the fund’s claims against it. But Eric Wood, a former director, has gone to court to quash the deal, claiming his former colleagues are using the company’s money to save themselves, leaving him to face the music.