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 2024 2023

Bonus Pool

request to the relevant Treasury by 30 September each year will result in the entity having to surrender the surplus to the relevant Revenue Fund by 30 November, unless there has been a delay in the finalisation of the audit.

There is a currently pending dispute with 67 staff members in relation to the bonuses which staff alleges to be owing to them by the Agency since 2020. The estimated value of the liability in this matter is R36 000 000. Unfair dismissal The former employee is contesting her dismissal and has referred the matter to the CCMA for arbitration hearing. The estimated liability with regards to the contest is R1 607 079. There was another former employee who referred the matter to a private arbitration process of rule on a settlement claim. a) b)

In the case of a delay in the finalisation of the audit:

a) a letter is sent to the relevant Treasury by the 30th September explaining the delay. a surplus retention request is submitted to the relevant Treasury within 30 days of finalising the audit. For the current year the expected surplus retention amount is R108 million. The previous year's surplus retention was approved by National Treasury, and the approved amount of R199.6 million was retained. b)

The estimated liability in this matter is R 23 240 198.

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Road Traffic Infringement Agency • Annual Report 2023/24