Johnathan Paoli
The SIU said on Wednesday that along with the transport state entity Transnet have received an order from the Special Tribunal to interdict pension payouts due to two former Transnet executives linked to fruitless and wasteful expenditure of approximately R33.5 million.
In terms of the Special Tribunal order of 23 October 2023, Lerato Mary Theresa Makenete, former executive manager responsible for group business continuity and disaster management, and former executive manager for safety, Landela Hawkins Madubane are interdicted from withdrawing their pension benefits from Transnet Retirement Fund.
The pension funds of the former executives amount to R8.9 million and will remain interdicted pending a finalisation of an application to be brought against the former executives.
Transnet initiated and called on the support of the SIU to investigate this matter and requested the support of the SIU to expand and complete the investigations.
An investigation by the SIU into
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
