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cosatuThe amaBhungane Centre for Investigative Journalism writes that evidence suggests an influential Gupta associate and a future Eskom acting CEO colluded in a deal that fleeced trade union federation Cosatu of millions.  

The #Guptaleaks have shone light on the role former acting Eskom chief executive Collin Matjila played in facilitating the Guptas’ access to the state-owned electricity company.  Now it has been revealed that Matjila was already entangled with Gupta lieutenant Salim Essa in an earlier scandal in 2011 that appears to have ripped off Cosatu and helped force out its general secretary, Zwelinzima Vavi.  Matjila, at that time in charge of Cosatu investment arm Kopano ke Matla, was tasked with securing a new Joburg headquarters for the federation and selling the old Cosatu House.  In summary, evidence suggests that Matjila, together with Essa, engineered twin transactions that fleeced the union by: (1) choosing a building secured by a middleman well-known to Essa, which was then sold to Cosatu at an inflated price, earning the middleman an instant R17-million profit thanks to a back-to-back transfer, and (2) arranging for the cost to Cosatu to be offset by the sale of the old Cosatu House, which was then sold to the same middleman at a fire sale price, netting him millions more in value.

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