Browsing: theft

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.

The State V Michelle Nunes and Rudi John Baker (Case No. SCCC 273/11) – Johannesburg SCCC: A landmark case on…