Judgment reserved in Transnet corruption case until 26 November 2026
The Gauteng High Court in Johannesburg has reserved judgment until 26 November 2026 in an application brought by accused in the multibillion-rand Transnet corruption case over alleged unreasonable delays in the proceedings.
The application was brought in terms of Section 342A of the Criminal Procedure Act, which allows a court to address unreasonable delays in criminal proceedings.
Former Transnet executives Brian Molefe, Anoj Singh, Siyabonga Gama, Garry Pita and Phetolo Ramosebudi appeared in court alongside Regiments Capital directors Niven Pillay and Litha Nyhonhya, Trillian Asset Management director Daniel Roy, Kuben Moodley and other accused.
The State is opposing the application.
During Wednesday’s proceedings, the State outlined proposed arrangements to give the accused access to the electronic disclosure data needed to prepare for trial. However, defence software experts raised concerns about the proposed arrangements, and the court reserved judgment on the application.
The dispute over access to electronic evidence has contributed to delays in the case, which centres on Transnet’s procurement of 1,064 locomotives worth more than R54 billion.
The charges stem from a transaction advisory tender awarded to a McKinsey-led consortium in 2012 to help Transnet secure funding for the locomotive acquisition. The State alleges that Regiments Capital was irregularly brought into the contract, increasing its value and scope to more than R305 million.
The funding arrangements included loans from the China Development Bank and a syndicate of lenders through a club loan, totalling $2.5 billion, equivalent to approximately R30 billion at the time.
The accused also face charges linked to a payment of R93.4 million made to Trillian Asset Management in 2015. The State alleges that the payment was irregular and related to transaction advisory services for which Regiments had already been paid.
The accused face charges including fraud, corruption, money laundering and contraventions of the Public Finance Management Act (PFMA).
The matter is expected to return to court following the delivery of judgment on 26 November 2026.
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