SCORPIO: Molefe ‘slush fund’: ATM data links R11m in cash deposits to ex-Eskom boss locations

2026-03-25 - 02:30

A recent Daily Maverick investigation examined transactions from an alleged State Capture era ‘slush fund’, suggesting that the fund benefitted ex Transnet and Eskom boss Brian Molefe. Our second instalment looks at the millions of rand in cash deposits that flowed into Palcocap (Pty) Ltd’s bank account, raising the question of whether Molefe or someone close to him handled the unexplained funds, and whether the money came from the infamous Gupta family.