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

21. Events after the reporting date

Imminent proclamation of AARTO pending the finalisation of the appointment of the Appeals Tribunal.

The Agency has officially committed to liquidating all of its assets by the end of the year. To facilitate this process, a service provider has been appointed to auction all assets located on the premises before the Agency moves to its new building in July 2024. The new location has been secured, and the relocation is on track to take place as planned. Consequently, fully depreciated assets and those assessed as poor will be addressed through the upcoming auction, resolving the issue of fully depreciated assets still in use by the end of the year.

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Road Traffic Infringement Agency • Annual Report 2023/24