SowetanLive reports that 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 two of the state entity’s former executives and their spouses.

In a judgment handed down on Monday, the Special Tribunal prohibited Zakhele Lebelo, his wife Alletta Mokgoro Mabitsi, Phathutshedzo Brighton Mashamba and his wife Matlhodi Phillicia Mashamba from selling, leasing, donating or transferring their luxury properties in Rosebank and Dainfern. ''The SIU and Transnet have obtained a preservation order from the Special Tribunal to freeze five luxury properties in gated estates, and pension benefits valued at approximately R1.8m, linked to Transnet executives and their spouses, pending the final determination of civil proceedings for recovery of damages or losses and disgorgement of secret profits,’’ said SIU spokesperson Kaizer Kganyago and Transnet spokesperson Ayanda Shezi in a joint statement on Tuesday. The judgment came after an SIU’s investigation found that Lebelo and Mashamba allegedly received kickbacks for awarding contracts to service providers. The SIU investigation revealed that the acquisition of the properties was allegedly funded by money received from service providers contracted by Transnet. Therefore, the luxury properties constitute proceeds of unlawful activities. The luxury properties are now under the care of a curator.

• Read the full original of the report in the above regard by Mpho Koka at SowetanLive
• Read too, SIU freezes Transnet exec’s luxury properties and pension benefits, at The Citizen
• En ook, Voormalige Transnet-hoës se bates, pensioen bevries, by Maroela Media

Get other news reports at the SA Labour News home page