South Africa investigates alleged $7B corruption at state-owned companies

South Africa has active investigations into alleged corruption totalling more than $7 billion at some of its top state-owned companies, according to a report published Tuesday by the national anti-graft unit.

The investigations are not new, and some have been running since 2018, and all of them were cited by the Special Investigative Unit (SIU) in a report to a parliamentary committee to give an update on the status of the probes.

Those…