Browsing: fraud

The Special Tribunal set aside an irregular Covid-19 toilet procurement contract with Hawulethu (Pty) Ltd, finding that supply chain rules were bypassed and the process was inconsistent with constitutional procurement requirements. The Tribunal declared the contract unlawful and ordered the forfeiture of all profits derived from it.

The SIU and Transnet reached a R600 million settlement with Nedbank over interest rate swap transactions linked to state capture-era procurement at Transnet.

The Special Tribunal has reviewed and overturned two tenders awarded to Kroucamp Plumbers for emergency sewerage work. The contracts—worth over R67 million—were tainted by corruption, including undisclosed relationships, fake B-BBEE certificates, and irregular payments to officials.

In a landmark ruling, Hildegard Antionette Pieterse has been sentenced to 50 years in prison for defrauding Medtronic Africa of over R500 million. This case underscores the critical need for robust financial oversight in corporations.

SIU and Transnet Soc Ltd v Dynamic Power Engineering (Pty) Ltd and Others: Holding officials accountable for Tender Fraud and…