Collins Letsoalo Biography: Qualifications, Age, Net Worth, Wife, Scandal, Latest News, CV, Contact Details, Salary, Profile, Wikipedia

Collins Letsoalo Biography: Qualifications, Age, Net Worth, Wife, Scandal, Latest News, CV, Contact Details, Salary, Profile, Wikipedia

Posted By Princess Tshegofatso

Biography

Collins Letsoalo is a renowned South African chartered economist, banker, corporate financier, and financial Markets Practitioner.

He worked at the South African Reserve Bank, playing various roles before joining Government through the Department of Public Enterprises (DPE).

He was involved in the restructuring of State-owned Enterprises and left a gigantic legacy.

Collins Letsoalo
Collins Letsoalo: History, Bio, Photo
Wiki Facts & About Data
Full Name: Collins Letsoalo
Born: – years old
Place of Birth: Limpopo, South African
Nationality: South African
Parents: N/A
Children: N/A
Height: N/A
Siblings: N/A
Girlfriend • Wife: Married
Occupation: Businessman • Banker
Net Worth: $200,000 – $500,000

Early Life

Collins Letsoalo was born in Ga-Molepo village in the Limpopo Province of South Africa.

He had his primary and post-primary education in the town before embarking on further education at different schools in the city.

He was the last born of his parents, and he was described as being brilliant by his peers.

Education

The financial guru, Collins Letsoalo holds several qualifications.

Collins Letsoalo holds the following academic certifications; Matric certificate Economics, B.Com Central Banking, Advanced Diploma Treasury Management, Diploma Trade Finance, and CAIB (South Africa) Management, Post Graduate Diploma.

Career

Collins Letsoalo started his career at the South African Reserve Bank, playing various roles before joining Government through the Department of Public Enterprises (DPE), where he was involved in the restructuring of State-Owned Enterprises.

After that, he had a stint at Vunani Property Investment Fund, where he worked with Hyprop to build a divested property investment vehicle. 

Collins Letsoalo then re-joined the public service as Deputy Director General (DDG): Financial Services at the Department of Transport (DoT), South Africa. 

He was seconded and spent three and a half years at the Road Traffic Management Corporation (RTMC) of South Africa to assist in developing the segment. 

As a result of his vast financial knowledge, Collins Letsoalo re-joined the DoT after achieving two unqualified audits in succession and placing RTMC in a sound financial position from a technically insolvent position. 

In July 2016, Collins Letsoalo was assigned to the Passenger Rail Agency of South Africa (PRASA) as the Acting Group CEO tasked to develop and implement a turnaround strategy to restore operations and corporate and financial governance. He returned to his position as CFO of the Department of Transport in March 2017.

Collins Letsoalo was recently seconded to the Cross Border Road Transport Agency of South Africa (C-BRTA) and is currently appointed to Act as the CEO of C-BRTA.

However, Collins Letsoalo‘s flourishing career was tainted with embarrassment when he was sacked for corruptly inflated his salary by 130%, he denied the claim, but the damage is too much to be cleared for him.

Social Media

The ace financial expert, Collins Letsoalo does not have any known Social media accounts.

Personal Life

The public hardly knows much about Collins Letsoalo’s private life, but he became popular due to his sack as the head of RAF.

He was sacked for illegally increasing his salary, but he claimed that it was because of corruption in the country that he was sacked.

A popular newspaper, Sunday Times, claimed that Collins Letsoalo had allegedly increased his salary from R1.7 million to R5.9 million. Though, he argued that his dismissal wasn’t because of the increase in his salary. He claimed that

Net Worth

The celebrated financial big wig, Collins Letsoalo is presumed to be worth between $200,000 – $500,000. His majority of income are from business he is involved himself in.



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