RTIA Annual Report E-Book

required to be appropriately disbursed to the issuing authorities within 21 days from the date of last receipt in accordance with the AARTO Act. The amounts collected are not for the benefit of the Agency, therefore RTIA is an agent to the Issuing Authorities. In terms of section 32 read together with section 13 (1)(b) of the AARTO Act, any penalty received by the Agency must be paid to the Issuing Authority that originated or issued the infringement notice. The collection of penalties in terms of the AARTO Act is a service rendered to the Issuing Authority. The total AARTO collections for 2024 is R173 million (2023: R168 million) AARTO receivables 39 220 894 35 488 081 SAPO - 29 083 Pay@services 1 180 100 1 317 235 Payfine 6 401 539 2 653 713 Payfine 102 778 - PayMyfineTMT 1 643 293 820 373 Other Collecting Agents 28 578 588 28 987 836 Tshwane Metropolitan Police Department 1 115 168 14 768 Road Traffic Management Corporation 199 427 1 665 073 Road Traffic Infringement Agency Annual Financial Statements for the year ended 31 March 2024 __________________________________________________________________________________________________________________________________________________________ Notes to the Annual Financial Statements Figures in Rand Note(s) 2024 2023 6. Accounting By Principals And Agents (Continued)

AARTO Banks

99 897 795 3 402 495 1 723 007 63 735 341 24 181 784 6 855 169

101 149 929 4 369 128 1 596 880 61 226 177 20 404 535 13 553 209

Standard Bank - Current A/C- 00000321888 Standard Bank Call A/C 0000588501891-004 ABSA Bank Current A/C 4076267008 First National Bank Current A/C 62161889 ABSA AARTO Disbursement A/C - 4082705939

Nedbank - Current A/C - 1105258300

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-

139 118 689

136 638 010

148

Road Traffic Infringement Agency • Annual Report 2023/24