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SATURDAY PROFILE | Unsung state capture hero: How Peet Maritz recovered millions in looted funds

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Transnet Pension Funds principal officer, Peet Maritz, who helped recover millions from looted state capture funds.
Transnet Pension Funds principal officer, Peet Maritz, who helped recover millions from looted state capture funds.

Peet Maritz took his responsibility as Transnet's pension fund's principal officer seriously - and, when state capture looting threatened the incomes of thousands of pensioners, Karyn Maughan writes, he did not hesitate to fight back.

Amid depressing evidence of how government functionaries were bribed or strong-armed by state capture agents, the story of Peet Maritz - an official who quietly ensured the recovery of hundreds of billions of rand looted from the Transnet pension fund by Gupta-linked firms - is remarkable.

At great professional risk to himself, Maritz acted to ensure corruption-accused financial services company Regiments Capital was fired as the manager of the Transnet Second Defined Benefit Fund's assets less than a year after its highly questionable appointment.

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