Johannesburg - Former Cabinet minister Malusi Gigaba on Saturday dismissed damning claims of corruption by state-owned entities that he led and aided in looting.

An investigation commissioned by the National Treasury and carried out by Fundudzi Forensic Services has recommended Gigaba be prosecuted for signing a multi-billion rand contract with a Chinese company.

"Minister Gigaba signed as a witness when Molefe signed the contract between Transnet and China South Rail at the signing ceremony for the acquisition of the 95 locomotives on 22 October,” the report stated.

Fundudzi has recommended that the Transnet board quantify the amount of fruitless and wasteful expenditure involved and recover it from the relevant parties.

Gigaba’s spokesperson Vuyo Mkhize said the allegations against him were a ”pile of nonsense”. Mkhize said Gigaba merely appended his signature to the document on the basis that he was public enterprises minister. Mkhize dubbed the National Treasury’s report as nonsense of the highest order.