Overview
- The Special Investigating Unit obtained an interim preservation order that prevents former PRASA CEO Tshepo Lucky Montana from selling, transferring, leasing, or encumbering a Hurlingham home bought for R13.5 million and a Waterkloof property bought for R2.25 million.
- The tribunal ordered caveats on the title deeds and instructed the SIU to institute main civil proceedings within 30 days, and it set a hearing for Montana and other respondents to argue against finalising the order on 11 August 2026.
- The SIU says it traced a direct money trail from PRASA’s Integrated Security Access Management System (ISAMS) contracts—awarded to Siyangena and expanded from about R2 billion to R5.6 billion—to payments routed through TMM-related companies and Precise Trade and Invest that were used to buy the properties.
- Investigators cite bank records showing payments into Precise Trade and Invest on 18 June 2014, including transfers from ESS (Pty) Ltd and TMM Holdings, and a R2.25 million trust-account payment that funded the Waterkloof purchase in Montana’s name.
- The probe is authorised under Proclamation R.153 of 2024 to examine PRASA maladministration from 2010–2024 and the SIU said any evidence of criminal conduct discovered during its civil work will be referred to the National Prosecuting Authority for possible prosecution.