The Shareholders Committee of the Road Traffic Management Corporation (RTMC) met on Friday 2 August 2013.

The Shareholders Committee comprises the Minister of Transport, Transport MECs from the nine provinces and two representatives of the South African Local Government Association (SALGA). The Shareholders Committee is the Executive Authority of the RTMC to whom the CEO reports.

It considered several issues pertaining to the RTMC including financial statements, the national road safety strategy and the annual report.

The Shareholders Committee also discussed and reviewed an earlier decision taken on 15 February 2013 to dissolve the RTMC. The Committee resolved to rescind the decision. Accordingly, it decided to immediately initiate a process of establishing governance structures at the RTMC.

In this regard, and in order to ensure stability as the RTMC, the Shareholder Committee emphasized the need to immediately start with the process of appointing a Board and a CEO.

The Chief Financial Officer of the Department of Transport, Mr. Collins Letsoalo, had been seconded to the RTMC to act as interim CEO. It was decided to recall him back to the department to resume his position as CFO.

The department confirmed the challenging situation the prolonged absence of Mr. Letsoalo has had. The department stated that it was not conducive that a department should function without a CFO for such a prolonged period. The Shareholders Committee will soon announce an interim CEO for the RTMC while the recruitment process is underway.