RAND WATER ANNUAL REPORT 2023

infrastructure in time, ongoing augmentation automatically facilitates a degree of redundancy. Factors arise over time that impact both the timing of projects (long-term) and the ability to implement existing projects to completion (in the short-term). Short-term factors (2-3 years) are addressed first, followed by resource and demand challenges in the medium-term to long-term. Projects Performance

Projects Performance - 2022/23

133%

105%

97%

95%

95%

95%

Capex

Project Completion

Assets Under Construction (AUC)

Target

Actual

Figure 15: Projects Performance - 2022/23 Capital Expenditure (CAPEX) Performance - 2022/23

Of the budgeted CAPEX of R1.45 billion, the actual CAPEX achieved for the Financial Year under review is R1.41 billion (97%). This is above the performance target of 95% of the budgeted amount. The below figure reflects the CAPEX Quarterly Performance: Capital Expenditure (CAPEX) Performance – 2022/23

108 %

100 %

97 %

91 %

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Figures 16: CAPEX Performance–2022/23

108