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The Special Investigating Unit and Transnet have been ordered by the Special Tribunal to interdict the pensions of two former executives linked to about R33.5m in fruitless and wasteful expenditure.
Two former Transnet executives, who were fired after being found guilty in a disciplinary hearing of colluding with suppliers to defraud the entity during the Covid-19 pandemic in 2020, have been interdicted from withdrawing their pension funds.
Pension payouts for two ex-Transnet executives have been halted as they face allegations of colluding in a R33.5 million fraud investigation.
Pension funds will remain interdicted pending a finalisation of an application to be brought against former executives
The two are prohibited from withdrawing their pension benefits from Transnet Retirement Fund.