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Millions wasted in transport mismanagement - minister  Comments
July 29, 2010


The Road Traffic Management Corporation (RTMC) wasted millions of rands in mismanagement, irregular procurement and over-expenditure, among others, Transport Minister Sibusiso Ndebele said on Thursday.

Ndebele told journalists in Pretoria one of the key findings of an investigation into allegations of mismanagement at the RTMC was an irregular lease agreement of R658 million over 10 years, which resulted in an actual loss of R11 million.

“According to the task team, the total value of confirmed irregular expenditure actually incurred at the RTMC is currently estimated at R144 million,” said Ndebele.


The task team was appointed on February 8 to investigate allegations of mismanagement, as well as issues relating to leadership, governance, business and finance at the RTMC under former CEO Ranthoko Rakgoale.

“Mr Rakgoale was subsequently suspended and Mr Collins Letsoalo, deputy director general: financial services at the department of transport, was appointed acting CEO,” said Ndebele. - Sapa
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Showing page 1 of 1 comment pages, 4 total comments
5 Weeks ago Tandi wrote :
Are they going to pay back the amounts? Pity their pension would not be enough to cover it.
5 Weeks ago clive wrote :
wrong people for the job. Typical anc policy.
5 Weeks ago Dodge wrote :
when are the responsible people going to get fired for financial mis-management? CEO, CFO etc.
5 Weeks ago Toni wrote :
The stupid minister should have spent more time checking his depts instead of spending millions on self praising. he spent 1.2 million to produce a brocure with his ugly mug on each page. Well if the minister overspends then he cannot expect his staff not follow.
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