---
title: "Watch – How R11m in ATM cash deposits followed Brian Molefe"
description: "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 Scoprio 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."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "VIDEO"
author: "Pieter-Louis Myburgh"
author_url: "https://www.dailymaverick.co.za/author/pieter-louismyburgh/"
canonical_url: "https://www.dailymaverick.co.za/article/2026-03-25-watch-how-r11m-in-atm-cash-deposits-followed-brian-molefe/"
published: "2026-03-25T12:48:40"
lang: "en-ZA"
word_count: 31
---

# Watch – 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 Scoprio 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.

By Pieter-Louis Myburgh · Published 25 March 2026, 14:48 SAST

## Content

[YouTube video: "YouTube video"](https://www.youtube.com/watch?v=2TBKGlpTv_Y)

Reporting by: Pieter-Louis Myburgh
Edited by: Malibongwe Tyilo
Filmed by: Joel Seboa
Produced by: Emilie Gambade
Sub-edited by: Kevin Flynn

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