SARS 2026/2027LIVERepo Rate7.50%Prime Rate11.50%USD/ZAR~18.40VAT Rate15%UIF CeilingR17,712Tax ThresholdR99,000SARS 2026/2027LIVERepo Rate7.50%Prime Rate11.50%USD/ZAR~18.40VAT Rate15%UIF CeilingR17,712Tax ThresholdR99,000
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Home›Corruption Tracker›Transnet Locomotive Tender — Regiments Capital
Gauteng · SA Corruption Asset Tracker

Transnet Locomotive Tender — Regiments Capital

Under InvestigationR1.6 billionHigh confidence

Transnet Locomotive Tender — Regiments Capital is an active investigation in Gauteng, with an estimated R1.6 billion in assets linked to the matter. It ranks among the largest documented cases on this tracker by rand value. The matter relates to the Transnet — State Capture Investigations. 5 individuals have been formally implicated through official proceedings, including Eric Wood, Magandheran Pillay, Litha Nyhonyha and 2 others.

Case details

The NPA sought a R1.6 billion freezing order on assets of Regiments Capital directors over alleged corruption in Transnet's R54 billion locomotive procurement. Regiments allegedly steered a 2012 deal to benefit Gupta associates via a lucrative arrangement. A Johannesburg High Court set aside the provisional order in October 2020 and the NPA is appealing.

AssetsFrozen bank accounts, investments and contracts worth R1.6 billion
Department / entityTransnet — State Capture Investigations
Estimated valueR1.6 billion
StatusUnder Investigation
Court orderJohannesburg High Court — NPA appealing October 2020 order
Date reported15 November 2021
LocationJohannesburg, Gauteng, Gauteng

Implicated (5)

Eric WoodMagandheran PillayLitha NyhonyhaSalim EssaKubentheran Moodley

Source — NPA

Reported 15 November 2021

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Sourced exclusively from official public records (SIU, AFU, NPA, Hawks, Zondo Commission). This tracker does not make independent allegations; individuals listed have been formally implicated through legal proceedings or official investigations. Updated manually — may not reflect the latest case developments.