THE Special Investigating Unit (SIU) has obtained an order in the Special Tribunal to freeze assets and pension benefits of at least R1.8 million linked to a current and former Transnet executive and their wives.
In a joint statement, Transnet and the SIU said investigations have found that former Transnet Group Executive for property Zakhele Lebelo and suspended coastal regional manager Phathutshedzo Mashamba allegedly received kickbacks from two service providers between 2015 and 2018.
“The SIU and Transnet approached the Special Tribunal following an investigation by the SIU, which revealed that the two Transnet executives allegedly received unlawful financial benefits worth approximately R10 million from Transnet service providers Superfecta Trading 209 and BBDM Bros Advertising Agency. The executives allegedly used unlawful financial benefits to acquire luxury properties on behalf of Trusts administered by themselves and their spouses.
“Superfecta has been a supplier of electrical and maintenance services to Transnet Property
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
