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

18. Related parties

Relationships Controlling entity Department of Transport

The Road Traffic Infringement Agency is 100% owned by the Executive Authority, the Department of Transport. The RTIA is a Schedule 3A Public Entity in terms of the PFMA. As a consequence, Road Traffic Infringement Agency has a significant number of related parties that are public entities, issuing authorities and key management personnel of the RTIA or its Executive Authority. Unless specifically disclosed, these transactions are concluded on an arms’ length basis.

Related party balances Amounts owed to related parties South Africa Post Office Conditional grant not received Department of Transport

8 037 055

1 373 506

71 794 000

-

Related party transactions Revenue Department of Transport AARTO Notices South African Post Office

152 997 000

9 068 000

95 445 800

23 109 186

Remuneration paid to related parties Executives

8 444 450

15 072 567

Fees paid to: Board members

2 235 343

2 587 466

Independent committee members

184 896

994 738

164

Road Traffic Infringement Agency • Annual Report 2023/24