Story
Collins Letsoalo is a renowned South African economist, banker, corporate finance expert and financial markets expert.
He worked at the South African Reserve Bank, holding various roles before joining Government through the Department of Public Enterprises (DPE).
He participated in the restructuring of state-owned enterprises and left a huge legacy.
South African Bank
Collins Letsoalo |
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 Collins Letsoalo: History, Biography, Pictures |
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| First and last name: | Collins Letsoalo |
| Born: | – year old |
| Place of birth: | Limpopo, South Africa |
| Nationality: | South Africa |
| Parents: | Do not have |
| Children: | Do not have |
| Height: | Do not have |
| Siblings: | Do not have |
| Girlfriend • Wife: | Married |
| Job: | Businessman • Bank employee |
| Net asset value: | $200,000 – $500,000 |
Early life
Collins Letsoalo was born in the village of Ga-Molepo in the Limpopo province of South Africa.
He completed his primary and post-primary education in the town before continuing his education at various schools in the city.
He was the youngest child in the family and was described by his peers as intelligent.
Education
Financial expert Collins Letsoalo has multiple qualifications.
Collins Letsoalo holds the following academic qualifications: Baccalaureate Certificate in Economics, Bachelor of Commerce in Central Banking, Advanced Diploma in Treasury Management, CAIB (South Africa) Diploma in Commerce Finance and Management, Postgraduate Diploma.
Career
Collins Letsoalo began his career at the South African Reserve Bank, holding various roles before joining Government through the Department of Public Enterprises (DPE), where he was involved in the restructuring of State-owned enterprises.
He then worked at Vunani Real Estate Investment Fund with Hyprop to build a divested real estate investment vehicle.
Collins Letsoalo then returned to public service as Deputy Director General (DDG): Financial Services at the Department of Transport (DoT), South Africa.
He was deployed and spent three and a half years at South Africa’s Road Transport Management Corporation (RTMC) to assist in the development of this segment.
With his extensive financial knowledge, Collins Letsoalo rejoined the DoT after achieving two consecutive unqualified audits and took RTMC from a technically insolvent position to a sound financial position.
In July 2016, Collins Letsoalo was appointed to the Passenger Rail Agency of South Africa (PRASA) as interim Group Chief Executive Officer, tasked with developing and implementing the operational recovery strategy and corporate and financial governance. He returned to his position as CFO of the Department of Transport in March 2017.
Collins Letsoalo was recently transferred to the South African Cross Border Road Transport Agency (C-BRTA) and is now appointed as the Chief Executive Officer of C-BRTA.
However, Collins Letsoalo’s burgeoning career was tarnished in shame when he was sacked for fraudulently increasing his salary by 130%, an allegation he denied, but the damage was too great for him to recover.
Social Media
Financial veteran Collins Letsoalo does not have any known social media accounts.
Personal life
Little is known about Collins Letsoalo’s personal life to the public, but he rose to prominence after being sacked as head of the RAF.
He was fired for an illegal salary increase, but he claims that it was because of corruption in the country that he was fired.
A prominent newspaper, the Sunday Times, claimed that Collins Letsoalo had his salary increased from R1.7 million to R5.9 million. However, he argued that his dismissal was not due to the salary increase. He claimed that
Net asset value
Famous financial tycoon, Collins Letsoalo is said to have a net worth of between $200,000 and $500,000. Most of his income comes from the businesses he is involved in.
