SIU and Transnet secured settlement agreements worth at least R31.4 million following a Special Tribunal order
The Special Investigating Unit (SIU) and Transnet have signed multiple settlement agreements totalling over R31.4 million following a Special Tribunal order that set aside several unlawful contracts. These agreements, which involve repayments from companies and individuals who benefitted from irregular transactions, form part of ongoing efforts to recover financial losses suffered by the state and […]
SIU welcomes the arrest of former Transnet Group Capital CEO on fraud and money laundering charges
The Special Investigating Unit (SIU) welcomes the arrest and court appearance of former Transnet Group Capital (TGC) Chief Executive Officer Herbert Msagala. He appeared before the Johannesburg Specialised Commercial Crime Court on fraud, corruption, theft, and money laundering charges. Following his first appearance, Mr. Msagala was granted R60,000 bail. The arrest and court appearance follows […]
SIU was authorised to investigate the New Age Breakfast Briefings hosted by the SABC involving four other State Owned Entities, a National Department and seven contracts in Makana Local Municipality
President Cyril Ramaphosa has signed Proclamations 206 and 207 of 2024, authorising the Special Investigating Unit (SIU) to investigate allegations of corruption and maladministration in the affairs of the South African Broadcasting Corporation’s (SABC) conclusion of an agreement with TNA Media (Pty) Ltd styled as “The New Age Breakfast Briefings” and to seven contracts in […]
SIU authorised to investigate serious maladministration, including the reinstatement of the former Transnet CEO and contracts in the Umzumbe Local Municipality, Masilonyana Local Municipality and Gauteng Department of Human Settlement
President Cyril Ramaphosa has signed Proclamations 181, 182, 183 and 184 of 2024, authorising the Special Investigating Unit (SIU) to investigate allegations of serious maladministration within Transnet, Gauteng Provincial Department of Human Settlement, Umzumbe Local Municipality, and Masilonyana Local Municipality and to recover any financial losses suffered by the State. Proclamation 184 of 2024 Proclamation […]
SIU authorised to investigate allegations of serious maladministration in five Transnet lease agreements
President Cyril Ramaphosa has signed Proclamation 174 of 2024, authorising the Special Investigating Unit (SIU) to investigate allegations of serious maladministration within Transnet and to recover any financial losses suffered by the State or Transnet. The proclamation empowers the SIU to probe the procurement processes and contractual agreements related to the leasing of properties belonging […]
Transnet and SIU launch proceedings against Nedbank on swap transactions
[Johannesburg, 26 July 2024] Transnet and the Special Investigating Unit (SIU) have jointly instituted proceedings against Nedbank out of the Johannesburg High Court to set aside interest rate swap transactions which took place in 2015 and 2016 between Transnet and Nedbank, and under which Nedbank profited in excess of R2,736,094,704.82. Transnet and the SIU also […]
Luxury home and cars linked to Eskom water transport corruption are auctioned to recover money Eskom lost
The Special Investigating Unit (SIU), through the National Prosecuting Authority’s Asset Forfeiture Unit (AFU), has obtained a forfeiture order for luxury property in Silver Lakes Estates (Pretoria), a Mercedes Benz Viano and Chevrolet Utility that belongs to former Eskom’s Middle Manager Duduzile Moyo and her husband, Mmoloki Moyo. These movable and immobile properties will now […]
Casambo Exclusive Guest Lodge linked to Eskom water transport corruption is auctioned to recover money Eskom lost
Casambo Exclusive Guest Lodge in Mpumalanga will be auctioned in an online timed auction from Tuesday 26 March 2024 from 10h00 to Thursday 28 March 2024 at 12h00. The sale of the property comes after the Special Investigating Unit (SIU) and the Asset Forfeiture Unit (AFU) of the National Prosecuting Authority received an unopposed forfeiture […]
SIU and Transnet granted order to interdict pension benefits of former executives worth R8.9 million
The Special Investigating Unit (SIU) and Transnet have received an order from the Special Tribunal to interdict pension payout due to two former Transnet executives linked to fruitless and wasteful expenditure of approximately R33.5 million. In terms of the Special Tribunal order – dated 23 October 2023- Lerato Mary Theresa Makenete, former executive manager responsible […]
SIU and Transnet welcome order to freeze luxury properties and pension benefits linked to Transnet executives
The Special Investigating Unit (SIU) and Transnet SOC Limited (“Transnet”) have obtained a preservation order from the Special Tribunal to freeze five luxury properties in gated estates, and pension benefits valued at approximately R1.8 million, linked to Transnet executives and their spouses, pending the final determination of civil proceedings for recovery of damages or losses […]