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 […]