Collins Letsoalo has been appointed as the CEO of the Road Accident Fund.
He has been in the acting position for some while now.
The announcement was made on Friday by Fikile Mbalula, who holds the position of a Transport Minister.
Fikile said he has confidence that Letsoalo’s leadership will place the fund on a stable footing.
Letsoalo was formerly the Chief Financial Officer of the Transport Department.
He also served as Acting CEO of the Passenger Rail Agency.
One of the new CEO’s first tasks will be to reduce legal costs at the fund.
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