Minister admits mismanagement

2010-07-29 10:07

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

Ndebele told journalists in Pretoria that 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.

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

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.

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