What does the cryptic crossword clue "Capital I invested in a report, wasted (8)" mean?

The definition is "Capital". The wordplay uses an anagram. anagram of I + A + REPORT, = PRETORIA; definition: "Capital" The answer is Pretoria.

Capital I invested in a report, wasted (8)

Telegraph Prize Cryptic #3095 | 28 Across | 2021-02-14 flower