RAND WATER ANNUAL REPORT 2023

Consolidated Annual Financial Statements for the year ended 30 June 2023

Remuneration Report

A performance bonus payout for the year ended 30 June 2022, and the prior financial period ended 30 June 2021 was approved and paid in the current year, the details are listed below:

Figures in Rand thousand Executive Committee Members

Bonus payout 2021 Bonus payout 2022

Mr. S Mosai (Chief Executive)

1 120

1 980

Ms. M Nyembe (Chief Financial Officer)

976

1 440

Mr. M Mehlo (Chief Operating Officer)

702

1 520

Mr. V Kubheka (Chief Strategy Officer)

814

1 202

Mr. T Joala (Chief Shared Services Officer) #

571

1 418

Bonus payout total

4 183

7 560

# Mr T Joala served as as GM Stakeholder & Communications until 30 June 2021 and subsequently appointed as Chief Shared Services Officer, effective: 1 July 2021.

Included below is the details of the perfomance bonus payments made to the Top Management Committee for the years ended 30 June 2021 and 30 June 2022. Due to the nature of the perfomance bonus this payment occurs once the audited results have been approved and perfomance can be measured, therefore the payment occurs in subsequent period if approved.

Figures in Rand thousand Top Management Committee Members

Bonus payout 2021 Bonus payout 2022

Mr. G Mulzack (Acting GM Communications and Stakeholder Management)

396

695

Dr. T Bekker (GM Information Technology)

590

938

Mr. M Makhubela (GM Corporate Services)

340

849

Ms. W Mohammed (GM Strategic Human Capital)

645

1 075

Ms. A Bosch (Acting GM Legal and Risk)

452

762

Mr. S Xaba (GM Operations)

505

1 078

Dr. E Ncube (Acting GM Scientific Services)

352

558

Mr. B Xaba (GM Strategic Asset Management )

695

1 130

Mr. RS Mathebula (GM Sector Growth and Development)

541

879

Mr. M Xulu ( Acting GM: Sector Growth and Development)

405

650

Mr. M Ncobela (Funding Manager)

623

965

Mr. M Mahlare (Financial Planner) (a)

-

811

Mr. T Nyandoro (Financial and Economic Planner)

384

594

Ms. T Minya (Chief Procurement Officer)(a)

-

378

Dr. FM Ngoatje (Head of Rand Water Institute)

701

1 199

Ms. T Mange (Regulatory and Compliance Manager)

406

628

Mr. K Badenhorst (GM Integrity and Probity Assurance)

462

901

Bonus payout total

7 497

14 090

181