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SIU, Transnet Secure R31 Million in Settlements After Tribunal Ruling
The Special Investigating Unit (SIU) and Transnet have finalized settlement agreements totaling over R31 million after a Special Tribunal set aside multiple unlawful contracts. The settlements involve repayments from companies and individuals who benefited from irregular transactions uncovered during the investigation.
SIU spokesperson Kaizer Kganyago stated that the investigation revealed two former Transnet executives allegedly received unlawful financial benefits of around R10 million from service providers Superfecta Trading 209 and BBDM Bros Advertising Agency.
On 12 February 2025, the Special Tribunal ruled that the decision of the former Group Executive: Transnet Property to award contracts to Superfecta Trading 209 (now Dynamic Power Engineering) for generator installation in 2016 and maintenance services in 2017 at the Carlton… pic.twitter.com/mjebtMmotB
— Special Investigating Unit (SIU) (@RSASIU) February 18, 2025
The first settlement involved a ruling that contracts awarded to Superfecta Trading 209 (now Dynamic Power Engineering) in 2016 and 2017 were unconstitutional, unlawful, and invalid. The contracts, which covered general installation and maintenance services, were reviewed and set aside.
As part of the settlement, Dynamic Power agreed to repay Transnet R21.4 million in net profits and legal costs, with structured payments over three months.
The second agreement involved Zakhele Ezekiel ‘Thabo’ Lebelo, his wife Aletta Mokgoro Mabitsi, and the Thabo Lebelo Family Trust. Lebelo was accused of receiving R5.2 million in unlawful benefits while employed at Transnet.
A second settlement agreement was reached with former Transnet Group Executive: Transnet Property, Mr Zakhele Ezekiel ‘Thabo’ Lebelo, his wife Aletta Mokgoro Mabitsi, and the Thabo Lebelo Family Trust. Mr Lebelo was accused of unlawfully receiving bribes and secret profits…
— Special Investigating Unit (SIU) (@RSASIU) February 18, 2025
Under the settlement, the debt will be recovered through the sale of three properties in Rosebank, valued between R3.8 million and R4.2 million, along with deductions from Lebelo’s Transnet Retirement Fund. If the proceeds fall short, Lebelo and the Trust will remain responsible for the outstanding amount and contribute R250,000 toward legal fees.
The third settlement involved former Transnet Regional Manager Phathutshedzo Mashamba and his wife, Matlhodi Phillicia Mashamba. Their debt will be settled through the sale of a preserved property valued between R6.5 million and R6.8 million, along with Mashamba’s pension fund. If these assets do not fully cover the debt, the couple will make equal payments over 12 months and contribute R250,000 to legal costs.
Kganyago emphasized that these settlements reinforce the SIU’s efforts to implement investigation outcomes, enforce accountability, and recover financial losses suffered by state institutions.
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