How R11m in ATM cash deposits followed Brian Molefe

Between 2013 and 2018, R11.3-million in cash flowed into Palcocap — a company linked to former Transnet and Eskom boss Brian Molefe — through 706 ATM deposits across South Africa. Daily Maverick’s investigative journalist for Scorpio Pieter-Louis Myburgh maps the money trail: the ATMs near Molefe’s homes, the deposits that started four days after he moved to Eskom, and the striking overlap between his Gupta contact dates and cash flowing into the account. This is Part 2 of Daily Maverick’s Palcocap series.  Reporting by: Pieter-Louis Myburgh  Edited by: Malibongwe Tyilo  Filmed by: Joel Seboa  Produced by: Emilie Gambade  Sub-edited by: Kevin Flynn  Support journalism that protects democracy.  Become a Maverick Insider. https://tinyurl.com/SupportDailyMaverick Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.