Former Transnet executives pensions on ice

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 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 will remain interdicted pending a finalisation of an application to be brought against former executives.

An investigation by the SIU into the affairs of Transnet has revealed that Makenete and Madubane allegedly colluded with three service providers to abuse Transnet’s emergency procurement process during Covid-19.

Following the conclusion of the investigation, the SIU made disciplinary referral to Transnet against Makenete and Madubane.

Transnet actioned the referral, however, they both failed to appear for disciplinary hearings, but the proceeding continued in their absence. The duo was found guilty and dismissed.

The SIU is empowered to institute civil action in the High Court or a Special Tribunal in its name to correct any wrongdoing uncovered during investigations, caused by acts of corruption, fraud, or maladministration.