The Road Accident Fund aims to use the State Attorney to represent it in the ‘very few fund cases’ it expects to have to take to court and thereby save 75% in legal fees, its acting CEO Collins Letsoalo reveals in court papers. COVID infections in children ― what do we know? “Why were they not complaining when I was acting and waited until I was appointed permanently? This issue has been the subject of contention and various court applications. Some of the reasons forwarded for this argument include Letsoalo’s track record with the RAF. Malao said this includes suspending senior officials and making new appointments who report directly to him. QUALIFICATIONS. He is unimaginably out of his depth. RAF has been in and out of court in the past few months on various matters which include a panel of lawyers challenging its new business model of wanting to settle claims within 120 days without litigation. RAF acting CEO Collins Letsoalo asked the attorneys to hand over the files of all incomplete cases. Follow. Welcome to t he r o ad accident fund The Road Accident Fund (R A F) p rovid es compu l s or y c over to all user s of S outh African roads, c i tizens and foreigners, against injuries sustained or death ari si n g f r om acdcidents in volving motor vehicl es with in the borders of South Africa. Collins Letsoalo suspended employee who raised alarm over salary irregularity. “He has shown no leadership and has been responsible for the largest litigation crisis in all divisions of the high court,” Malao claimed. They have accused him of suspending senior officials and making new appointments who report directly to him. The application in which Maponya Attorneys is asking the court to declare the RAF bankrupt is expected to be heard on October 13 together with the bid to have Letsoalo’s appointment overturned. Collins Letsoalo The auditor-general has recommended that Collins Letsoalo, former acting CEO of the Passenger Rail Agency of South Africa, should repay all … Chief Executive Officer Mr CP Letsoalo. Former acting Passenger Rail Agency of South Africa (Prasa) CEO Collins Letsoalo says that it will be difficult for any CEO to last for more than six months due to rampant corruption. Judge Elmarie van der Schyff issued a rule nisi, calling on interested and affected parties to show cause by no later than October 28 as to why her order should not be made final and instructed the sheriff to return the RAF’s property. Collins Letsoalo appointed RAF CEO eNCA. This new strategy has been adopted as, according to Letsoalo, the current operating model has left the RAF unsustainable. Collins Letsoalo, acting CEO of the Road Accident Fund. The panel of 85 law firms is said to be refusing to hand back at least 180 000 files back to the fund. Microsoft and partners may be compensated if you purchase something through recommended links in this article. As of 31 March, RAF liabilities grew to R324 billion and it had claims valued at R17.2 billion, said Mbalula. Collins Letsoalo appointed as new RAF chief executive officer PRETORIA, SOUTH AFRICA – FEBRUARY 27: Passenger Rail Agency of SA (Prasa) acting CEO Collins Letsoalo during a media briefing about allegations by Sunday Times of his 350% pay hike on February 27, 2017 in Pretoria, South Africa. Wheels turn at RAF as Collins Letsoalo appointed CEO. We find that curious as RAF. The Passenger Rail Agency of South Africa (Prasa) has appointed Lindikhaye Zide to replace axed acting CEO Collins Letsoalo, reports EWN's Gia Nicolaides. Transport minister Fikile Mbalula has welcomed the appointment of Collins Letsoalo as CEO of the Road Accident Fund (RAF). Letsoalo has been the RAF’s acting CEO for the past few months and recently served as chief financial officer of the transport department. This morning, Collins Letsoalo went on air to say that he is still the acting CEO, as far as he's concerned because he hasn't been fired or received any letter. The cash-strapped Road Accident Fund (RAF) is being brought to its knees by unscrupulous individuals, according to RAF CEO Collins Letsoalo. RAF CEO Collins Letsoalo has asked how a judge could deliver judgment and an opinion on the institution regarding a matter that was not before her. The auditor-general has recommended that Collins Letsoalo, former acting CEO of the Passenger Rail Agency of South Africa, should repay all the … Former acting CEO of Prasa Collins Letsoalo is at the heart of another controversial appointment within the Transport Ministry. They took the organisation to court to fight the move. 7 months ago | 55 views. “I am pleased to announce that Cabinet has approved the appointment of Letsoalo as the CEO of the RAF. Description. Collins Letsoalo serves the organization as Chief Executive Officer. "I am pleased to announce that Cabinet has approved the appointment of Letsoalo as the CEO of the RAF. Collins Letsoalo has been approved by the cabinet as the chief executive officer (CEO) of the Road Accident Fund (RAF). The judge granted their request, saying the conduct of the RAF and its acting CEO Collins Letsoalo, had caused a "constitutional crisis". Courtesy of #DStv403 JOHANNESBURG - Private lawyers are set to appeal a decision … Welcome to t he r o ad accident fund The Road Accident Fund (R A F) p rovid es compu l s or y c over to all user s of S outh African roads, c i tizens and foreigners, against injuries sustained or death ari si n g f r om acdcidents in volving motor vehicl es with in the borders of South Africa. He laid at Letsoalo’s door delayed payments to accident victims whose claims have been finalised and claimed further that he instructed banks not to co-operate with sheriffs who wanted to attach RAF assets for the non-payment. Mbalula said he had no … Why is Collins Letsoalo involved at the RAF? He has been acting in the position. He was made permanent last month after having acted in the position for almost a year. The announcement was made on Friday by Fikile Mbalula, who holds the position of a Transport Minister. © 2021 Independent Online and affiliated companies. Letsoalo says the RAF’s current actuarial liability is R324bn and it is likely to increase to about R800bn in the next five years unless drastic changes are made to its litigation model. The founding affidavit deposed to by the acting CEO of the RAF, Collins Letsoalo, paints a stark picture of how hopelessly insolvent the RAF really is and suggests that, failing a government bailout and a radical plan of action, the black hole will simply deepen. Share. This was announced by the Transport Minister, Fikile Mbalula on Friday. Collins Letsoalo has been appointed as the CEO of the Road Accident Fund. This comes after another gruelling court battle against creditors who had attached movable properties belonging to the organisation. Office of the CEO. We note the applica The RAF has been operating at a loss for almost three decades. “The real issue here is the issue of the panel of lawyers who want to maintain paying themselves 25% of our revenue. Collins Letsoalo has been acting in the CEO position for the past few months. Collins Letsoalo appointed as the CEO of RAF. School dinner cake recipe: How to make the nostalgic sprinkle cake, Motsepe preaches unity as he takes office as Caf President, Australia says working on travel bubble with Singapore, Sharon Osbourne issues apology for comments on 'The Talk'. How will the ANC handle the public protector’s impeachment? Collins Letsoalo, who was recently appointed the CEO of Road Accident Fund, talks to Business Day TV about his plans for the organisation 12 August 2020 - 08:43 Business Day TV Collins Letsoalo. The Minister of Transport, Fikile Mbalula, says the appointment of Collins Letsoalo as the new Chief Executive Officer (CEO) of the Road Accident Fund (RAF) will bring stability to the organisation. The Minister of Transport, Fikile Mbalula, says the appointment of Collins Letsoalo as the new Chief Executive Officer (CEO) of the Road Accident Fund (RAF) will bring stability to the organisation. Most of them, at least the critical ones, don’t belong to us. Transport Minister Fikile Mbalula announced the appointment on Friday. RAF CEO Collins Letsoalo spoke with eNCA anchor Jeremy Maggs. The legal woes of the fund are escalating, with another major law firm having also filed papers earlier this month in which it wants the fund wound up, as it says it cannot pay its debts. The percentage for drivers was around 30% for the past three years. “They are leased to RAF and they were not supposed to be attached in the first place but the sheriff took an unprecedented move which is very malicious. Update: 2020-08-11. This has led to a situation where we can’t operate in the biggest region in the country,” Letsoalo said. She claims to have about 750 writs with her. Photo: Andrew Mkhondo/Netwerk24 The Road Accident Fund is battling the legal fraternity, after it decided to scrap a panel of 85 law firms which are supposed to handle victims' claims on its behalf. RAF’s work hindered by legal cases as bill rises to R10.6bn . Matric certificate, B.Com (Economics), Advanced Diploma in Central Banking, Diploma in Treasury Management and Trade Finance and CAIB (SA), Post Graduate Diploma in Management. In this latest application for winding-up of the RAF, Maponya Attorneys said it had not paid fees billed for the services it had rendered. About 95% of these matters never make it to court but are settled after five years in what we at the RAF term pseudo litigation,” he said. Chief Executive Officer : Phutjane Collins Letsoalo . Road Accident Fund; Massive changes are under way and apparently a rescue plan set into motion by the recently appointed acting CEO of the Road Accident Fund (‘RAF’), Mr. Collins Letsoalo. Letsoalo has been the RAF ’s acting CEO for the past few months and recently served as chief financial officer of the transport department. Collins Letsoalo has been appointed as the CEO of the Road Accident Fund. Letsoalo was the RAF’s acting CEO for the past few months and previously served as … Image Credit: Twitter (@RAF_SA) The Minister of Transport, Fikile Mbalula, says the appointment of Collins Letsoalo as the new Chief Executive Officer (CEO) of the Road Accident Fund (RAF) will bring stability to the organisation. Transport Minister Fikile Mbalula has said the RAF faces challenges with a liability of R324billion and claims of R17.2billion that were finalised but not paid, in some cases for years. One could be fooled that the sheriff is doing her work or people are just attaching assets but the reality is that the sheriff is making money out of this whole exercise. Fikile said he has confidence that Letsoalo’s leadership will place the fund on a […] Collins is a trained Economist, Banker, Corporate Financier and Financial Markets Practitioner.He was at the South African Reserve Bank, playing various roles before joining Government through the Department of Public Enterprises (DPE); where he was involved in the restructuring of State Owned Enterprises. He has been in the acting position for some while now. Former acting CEO of Prasa Collins Letsoalo is at the heart of another controversial appointment within the Transport Ministry. Gia Nicolaides, EWN reporter The RAF CEO, Mr Collins Letsoalo will be live on # PowerToTruth with ... @JJTabane on @eNCA channel 403 this Sunday, 14 Feb 2021 at 20:00 to discuss the role of the RAF and the challenges facing the organisation as well as plans to transform the organisation. Office Bearers/Management. Chairperson Ms T Msibi. Letsoalo said, “ multitude of variables, someone submits a claim with not enough information for us to assess it. We spend R10.6bn per year in legal fees to lawyers. In February 2020, the cash-strapped RAF fired its own panel of attorneys in an apparent cost-cutting exercise. “The removal of movable property from the RAF’s offices will seriously impede on the Fund’s ability to perform the function the fund was created for. That proposal has however been met with resistance and the organisation along with Letsoalo were dragged to court by the panel of lawyers. The cash-strapped Road Accident Fund (RAF) is being brought to its knees by unscrupulous individuals, according to RAF CEO Collins Letsoalo. Jennifer Lopez and Alex Rodriguez are reportedly not breaking up but 'working through some things', More crocs than meet the eye in Durban lagoons, Cristiano Ronaldo exit rumours just normal uproar, says Juventus coach Andrea Pirlo, Northern Cape government chops its wage bill by R4.7bn. IN the latest legal battle between attorneys and the Road Accident Fund (RAF), six law firms have launched urgent proceedings to have the appointment of RAF chief executive Collins Letsoalo overturned. The Pretoria News sent questions to the RAF this week regarding the allegations made against Letsoalo and the entity, but at the time of publication, no response had been received. Road Accident Fund (RAF) ... Overview Management Financial. Collins is a trained Economist, Banker, Corporate Financier and Financial Markets Practitioner.He was at the South African Reserve Bank, playing various roles before joining Government through the Department of Public Enterprises (DPE); where he was involved in the restructuring of State Owned Enterprises. Cabinet has approved the appointment of Collins Letsoalo as the chief executive officer (CEO) of the Road Accident Fund (RAF), Transport Minister Fikile Mbalula announced on Friday. MarianneThamm Things arent as straightforward and simple as RAF's acting CEO Collin Letsoalo makes it out to be RAF already has a dept for direct claims and settlements, yet plaintiffs themselves don't make use of that service because RAF gives them peanuts, hence they litigate/1 Road Accident Fund (RAF) 2018/19 Annual Report Mr Collins Letsoalo, Acting RAF CEO, reported that RAF achieved 77% of the approved annual performance plan targets, a decrease from 91% in 2017/18. The former PRASA CEO was appointed chief executive of the RAF in August after having served in an acting role, and as chief financial officer at Transport. Collins Letsoalo was born in Ga-Molepo village in the Limpopo Province of South Africa. Acting CEO Collins Letsoalo briefed the media on the fund's new operating model on Monday. You may have heard that Collins Letsoalo, Acting CEO of The Road Accident Fund (RAF) has introduced a new strategic plan that involves moving away from litigation to claims management. “In executing writs, she charges more than R2 000 on one. The RAF is a social security scheme to compensate the victims of road accidents. Mr Collins P Letsoalo (Acting) Chief Financial Officer: Mr Victor Songelwa (Acting) Chief Operations Officer: Ms Lindelwa Xingwana-Jabavu (Acting) Senior Management: Ms June Cornelius (Executive: Corporate Secretariat) Mr Ravesh Komal (Chief Information Officer) Mr Phathutshedzo Lukhwareni (Acting Chief Strategy Officer) His four-year tenure as Acting CEO at the RTMC was chaotic, followed by an even worse stint as Acting CEO … “The sheriff moved to attach our movable assets from our Menlyn office which is the biggest in the country. They say the decision is unlawful and has thrown the courts into chaos. You may have heard that Collins Letsoalo, Acting CEO of The Road Accident Fund (RAF) has introduced a new strategic plan that involves moving away from litigation to claims management. IN the latest legal battle between attorneys and the Road Accident Fund (RAF), six law firms have launched urgent proceedings to have the appointment of RAF chief executive Collins Letsoalo overturned. Meaning if she has a thousand writs she has R2 million. Collins Letsoalo appointed RAF CEO eNCA. The recent developments, which propose radical changes, are not well received by all. The announcement was made on Friday by Fikile Mbalula, who holds the position of a Transport Minister. Collins Letsoalo has been approved by the cabinet as the chief executive officer (CEO) of the Road Accident Fund (RAF). Acting CEO Collins Letsoalo briefed the media on the fund's new operating model on Monday. (The RAF’s current liabilities of R272 billion exceed its current assets by R31 billion.) “I am pleased to announce that Cabinet has approved the appointment of Letsoalo as the CEO of the RAF. It is said that he has also forbidden claims handlers from communicating with panel attorneys despite matters being on trial. Kabelo Malao, an attorney at K Malao Inc, said in the latest application that the resolution of claims was in jeopardy with the appointment of Letsoalo. In the midst of that, creditors have been circling the organisation and dragging it to court and seizing its assets to effect payments on monies owed. The Minister of Transport, Fikile Mbalula, says the appointment of Collins Letsoalo as the new Chief Executive Officer (CEO) of the Road Accident Fund (RAF) will bring stability to the organisation. The Passenger Rail Agency of South Africa (Prasa) on Monday terminated the contract of acting group CEO Collins Letsoalo, according to SABC Online. Collins Letsoalo was born in Ga-Molepo village in the Limpopo Province of South Africa. In a bid to turn the tide, the operating model of doing away with the panel of attorneys was proposed with a turnaround time of 120 days to settle claims. 20 Laws Of The Hells Angels All Members Must Obey, The Best Live Bands Ever Ranked In Order (Beatles Not Top 5), The Tallest Men In Hollywood: Their Real Heights. “I am pleased to announce that Cabinet has approved the appointment of Letsoalo as the CEO of the RAF. The judge indicated the RAF’s financial position was a matter of public record and those road accident victims who secured court orders in their favour, receive their compensation long after the awards are made. Letsoalo said the move left claim handlers unable to access emails and files from their computers and therefore were not able to deal with matters, including those that were due for trial. All rights reserved, Please visit the official Government information portal for Coronavirus by clicking HERE. Johannesburg - The cash-strapped Road Accident Fund (RAF) is being brought to its knees by unscrupulous individuals who want to enrich themselves at the expense of claimants, that is according to RAF CEO Collins Letsoalo. Minister welcomes appointment of RAF CEO August 7, 2020 Ndlovu The Minister of Transport, Fikile Mbalula, says the appointment of Collins Letsoalo as the new Chief Executive Officer (CEO) of the Road Accident Fund (RAF) will bring stability to the organization. “This is not a new development and can actually be described as the status quo. According to the firm, the RAF owed it more than R20.5 million, but the fund is unable to pay. ... Popo Molefe, says company policy provides up to a 12% salary increase for the acting Chief Executive Officer (CEO). Preliminary for 2012: Total – 12 211 made up of drivers (3620), passengers (4094) and pedestrians (4497). By Zelda Venter Sep 10, 2020 IN the latest legal battle between attorneys and the Road Accident Fund (RAF), six law firms have launched urgent proceedings to … Generally, the prejudice they suffer are countered by adding moral interest to the claim amounts after a court order was obtained. Following the judgment, Letsoalo said the attachment of their assets was a calculated move to hamper the organisation from functioning. IN the latest legal battle between attorneys and the Road Accident Fund (RAF), six law firms have launched urgent proceedings to have the appointment of RAF chief executive Collins Letsoalo … In this role, Collins Letsoalo is responsible for leading the organization. JOHANNESBURG – Private lawyers are set to appeal a decision by the Road Accident Fund to bring all litigation in-house, Times Live is reporting. South African Breaking News. Transport Minister Fikile Mbalula announced the appointment on Friday. He further accused the sheriff of having ulterior motives as some of the seized assets did not belong to the RAF. With the exception of 2010, a fluctuation for passengers was between 34 % and RAF makes seven points in limine , including that the application is not urgent as the lawyers have known since November 2019 that they may be requested to hand over outstanding files. Image Credit: Twitter(@RAF_SA) The Minister of Transport, Fikile Mbalula, says the appointment of Collins Letsoalo as the new Chief Executive Officer (CEO) of the Road Accident Fund (RAF) will bring stability to the organisation. The number of staff increased from 2 754 to 2 776. This time around, cabinet has approved his appointment as CEO … https://www.enca.com/news/collins-letsoalo-appointed-raf-ceo Speaking to Xolani Gwala on the Breakfast show, Molefe explained that the dismissed acting CEO Collins Letsoalo should have known that he cannot get the same package as … Fikile said he has confidence that Letsoalo’s leadership will place the fund on a stable footing. The percentage for drivers was around 30% for the past three years. Like us on Facebook to see similar stories, Row over construction of houses for Northern Cape family of 50, Breonna Taylor: Halle Berry, Samuel L. 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