RTIA Annual Report E-Book

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 These collecting agents that meet the definition of the principal-agent arrangement include the Road Traffic Management Corporation (“RTMC”) and the Gautrain Management Agency (“GMA”), both of which are public-entities in terms of the PFMA. The Agency has concluded an agreement with RTMC and is managing the relation with GMA through the provisions of the AARTO Act. Below is the impact of this relationship for the current year which reflects the compensation fee paid to the agent:

Road Traffic Management Corporation

356 824 231 322 588 146

391 636 244 775 636 411

Gautrain Management Agency

The other collecting agents that are excluded from the standard that the RTIA has in terms of the AARTO Act include the AARTO bank accounts; the South African Post Office; payment service channels (namely Payfine, Pay@ and Paymyfine); Issuing Authorities; municipalities; registering authorities; motor vehicle registration or licensing office and driver’s testing centres. The following collecting agents are classified as service organisation due to the nature of the transactions that are undertaken for commercial trading purposes: AARTO bank accounts; the South African Post Office and payment service channels. All the above mentioned relationships are managed through concluded service level agreements and the AARTO Act legislation provisions. Below is the impact of this relationship for the current year which reflects the compensation fee paid to the agent:

Other collecting agents

7 634 164 7 634 164

6 934 142 6 934 142

150

Road Traffic Infringement Agency • Annual Report 2023/24