Former Transnet executive in court

JOHANNESBURG - A former Transnet executive, and managers of a company that did rail maintenance for Transnet, will appear in court on Wednesday morning.

They're facing charges of corruption and money laundering.

The case is being heard at the Specialised Commercial Crimes Court, sitting in the Palm Ridge Magistrate's Court.

It is alleged that in December 2011, the former executive signed off a contractual payment worth R25-million to a certain company without the knowledge and approval of Transnet.

It's further alleged the executive was paid around R300,000 towards purchasing a house in Bassonia to the value of R3,7 million and, he may have also received R20,000 from another company contracted to Transnet.