Staff Reporter
The Gauteng Local Division of the High Court, Johannesburg, reserved judgment in the Section 342A application in the Transnet corruption case, to 26 November 2026.
The former Transnet executives Brian Molefe, Anoj Singh, Siyabonga Gama, Garry Pita, Phetolo Ramosebudi, as well as Regiments Capital Directors Niven Pillay and Litha Nyhonhya, Trillian Asset Management’s Director Daniel Roy (Novum Asset Management), Kuben Moodley, and Albatime Pty Ltd owner, appeared before the court wherein their Sec 342A application was ventilated, with the State opposing such an application.
During the proceedings, the State outlined proposed arrangements to facilitate for the accused to have access to the electronic disclosure data required to prepare for trial. However, the software experts from the defence submitted opposing views, leading to a decision by the judge to postpone for judgment on the application.
The accused are facing charges of the contravention of the Public Finance Management Act (PFMA), fraud. corruption, and money laundering, stem from the locomotives transaction advisory tender awarded to the McKinsey-led consortium in 2012, resulting in the procurement of 1064 locomotives valued at over R54 billion. Regiments Capital was allegedly irregularly brought into the contract and benefited from Transnet’s irregular appointment, increasing the contract’s value and scope to over R305 million.
Their services included sourcing loans from the China Development Bank and the Club loan, amounting to $2.5 billion, equivalent to R30 billion at the time, on behalf of Transnet. Additionally, the accused also face charges related to the R93.4 million payment to Trillion Asset Management in 2015.
