Collins Letsoalo has been approved by the cabinet as the chief executive officer (CEO) of the Road Accident Fund (RAF).
This was announced by the Transport Minister, Fikile Mbalula on Friday.
Letsoalo has been the RAF’s acting CEO for the past few months and recently served as chief financial officer of the transport department.
According to Mbalula statement, the new CEO bags a Bachelor of Commerce in Economics, an Advanced Diploma in Central Banking, a Diploma in Treasury Management and Trade Finance and a Postgraduate Diploma in Trade Finance.
“We welcome this decision and we believe this appointment will go a long way in placing the RAF on a stable footing. Mr Letsoalo joins the RAF at a time when it is facing daunting challenges, and requires a steady hand to guide it through the change into the Road Accident Benefit Scheme once the enabling law has been passed by Parliament,” Mbalula said.
He stated that the board appointed a “fit and capable” CEO.
