The Board of Directors of Roads Agency Limpopo (RAL) SOC has announced that they have accepted the resignation request of Mr Maselaganye Petrus Matji, the Chief Executive Officer (CEO) of RAL for personal reasons.
“The Board is appreciative of the leadership that Mr Matji has provided in stabilising the Agency, leaving the organization in a much better state than he found it. Mr Matji is serving notice until the 31 March 2019,” says Board Chairperson Mr Matome Ralebipi.
Mr Matji is the first CEO appointed by the Board of RAL on a five year contract, from 1 March 2015 to 29 February 2020, after the Agency was effectively returned from a Section 100 administration in early 2014 after a tumultuous period of lack of leadership, mismanagement and systematic collapse of corporate governance.
RAL erstwhile host department, the Limpopo Department of Roads and Transport, was one of the five provincial government departments placed under administration by national government from 2011 to 2014.
KEY ACHIEVEMENTS OF ROADS AGENCY LIMPOPO DURING MR MATJI’S FOUR-YEAR TENURE INCLUDE:
1. Stabilizing the Agency: Putting policies, processes, internal controls and procedures to ensure effective operation and management of the Roads Agency Limpopo.
2. Improving the audit opinion of the Agency by the office of the Auditor-General of South Africa (AGSA) from Adverse in 2012/13 to the Unqualified Audit Opinion for the recently audited 2017/18 financial year.
3. Raising close to half a billion rands from the private sector, through the Agency’s breakthrough Strategic Partnership Approach, a key tenet of 2015-2020 now successful turnaround strategy. These funds now at R482 million, have helped augment the Agency’s constraint budget and put a dent on backlog in the province.
PRESS STATEMENT Completing over 70 road infrastructure projects across Limpopo Province.
Used the same road infrastructure delivery as a vehicle for driving village economy by investing in local Small Medium and Micro Enterprises (SMMEs) and creating jobs. Just over R458m has been spent on local SMME empowerment and an impressive R325m in local labour spending. The Board will begin the search for the new CEO.
The Board is also pleased to announce that it has appointed Mr Gabriel Maluleke, (seconded from the Board) with effect from 1 April 2019 as the interim CEO until the recruitment process is successfully concluded. Maluleke is a qualified Chartered Accountant, CA (SA) with 25 years of experience. He is also a qualified business rescue practitioner. The Board wishes Mr Matji all the best in his future endeavours.
Issued by The Board of Directors Roads Agency Limpopo SOC Limited Media Enquiries Roads Agency Limpopo Mr Maropeng Manyathela Head of Communications 082 333 2802 015 291 4236 email@example.com