Page 19 - Andy Mothibi News Today

Complex networks of corruption, hijacked and dormant companies, or shelf companies set up for this purpose, have been used to launder looted Lottery money.



The Special Tribunal allowed Transnet and the SIU to freeze five luxury properties in gated estates linked to two former executives who received ‘unlawful financial benefits worth approximately R10 million.’

Two Transnet executives who are accused of accepting kickbacks to award lucrative contracts to service providers bought properties in pristine locations in Johannesburg boasting panoramic views, spacious fitness centres and high security.

Luxury properties in Johannesburg’s leafy Rosebank and Dainfern suburbs have been placed under a curator by the Special Tribunal as part of an investigation into deals at Transnet.

In a move SIU head advocate Andy Mothibi called "consequence management", two former Transnet execs' luxury properties and pension benefits are to be frozen.

The Special Tribunal has granted a preservation order to the Special Investigating Unit (SIU) and Transnet to freeze five luxury properties worth millions of rand belonging to the state entity’s executives and their spouses.

Lottery grant was meant to rebuild a Limpopo school that burned down during protests


Some ANC KZN members are reportedly concerned that President Cyril Ramaphosa is using the SIU to target his detractors in the province

The Special Investigating Unit has managed to recover public money and assets amounting to R2.6 billion between 2013 and 2021. 


NLC serves its chief operating officer Phillemon Letwaba with a notice of intention to suspend him - for the third time.