Fidentia boss J Arthur Brown and financial director Graham Maddock appeared briefly in the Cape Town Magistrate’s Court on Wednesday.
The case was postponed to December 7 for a regional court date and for the state to give the defence teams a charge sheet.
The appearance follows their rearrest in August on fresh fraud and theft charges.
In a separate case, they were joined in the dock by Piet Bothma, the suspended chief executive of the Transport Education Training Authority.
Brown and Maddock, both out on bail, were initially arrested in March.
The new charges relate to what the Scorpions claim is the misappropriation of R4,5-million invested in Fidentia by Fundi, said to be a company supplying equipment to mines in Zambia, and over R5-million from Infinity, a loyalty card business bought by Fidentia. — Sapa