RAND WATER ANNUAL REPORT 2023
ABOUT RAND WATER
Top 10 Corporate Risks
Top 10 Corporate Risks
01
01
Eskom is our main supplier of electricity, and this risk speaks to its ability to supply Rand Water with reliable and quality electrical supply as and when we require it.
Eskom is our main supplier of electricity, and this risk speaks to its ability to supply Rand Water with reliable and quality electrical supply as and when we require it.
Availability, reliability and quality of electrical supply
Availability, reliability and quality of electrical supply
Infrastructure project implementation, completion and integrity of new installation
Infrastructure project implementation, completion and integrity of new installation
The risk refers to the organisation’s ability to plan, implement and complete projects that will meet the desired quality and integrity.
The risk refers to the organisation’s ability to plan, implement and complete projects that will meet the desired quality and integrity.
02
02
The risk refers to the illegal encroachments on Rand Water pipelines, servitudes, and properties which expose the encroachers to potential water pipe bursts that may ultimately lead to possible loss of life. to potential water pipe bursts that may ultimately lead to possible loss of life.
The risk refers to the illegal encroachments on Rand Water pipelines, servitudes, and properties which expose the encroachers
03
03
Encroachment over pipeline, servitudes and properties
Encroachment over pipeline, servitudes and properties
The risk refers to the credit and debt management challenges with emphasis on anticipated increase in our debtors defaulting due to the social economic conditions within the country. The risk refers to the credit and debt management challenges with emphasis on
04
04
Credit & Debt Management
Credit & Debt Management
anticipated increase in our debtors defaulting due to the social economic conditions within the country.
05
05
Sustainability of the supply of potable water
Sustainability of the supply of potable water
The risk refers to the sustainability and security of the water resources.
The risk refers to the sustainability and security of the water resources.
This risk is concerned with the realisation of a cost-effective and timeous procurement process, in order to achieve the mandate of having quality goods and services for the sustainability of Rand Water.
This risk is concerned with the realisation of a cost-effective and timeous procurement process, in order to achieve the mandate of having quality goods and services for the sustainability of Rand Water.
Cost effective, and timeous procurement of quality goods and services for the sustainability of Rand Water
06 Cost effective, and timeous procurement of quality goods and services for the sustainability of Rand Water
06
Climate change and its impact on future sustainability of the company
Climate change and its impact on future sustainability of the company
07
07
The risk refers to the impact of climate change on the future sustainability of the organisation.
The risk refers to the impact of climate change on the future sustainability of the organisation.
The risk refers to the organisation’s ability to critically assess and determine the viability, sustainability and alignment to Rand Water’s strategic objectives of proposed growth and expansion initiatives.
The risk refers to the organisation’s ability to critically assess and determine the viability, sustainability and alignment to Rand Water’s strategic objectives of proposed growth and expansion initiatives.
Viability and sustainability of Rand Water growth and expansion initiatives
Viability and sustainability of Rand Water growth and expansion initiatives
08
08
Alignment and compliance to regulatory frameworks and governance protocols
Alignment and compliance to regulatory frameworks and governance protocols
The risk speaks to constant changes in the regulatory landscape as well as vague and ambiguous legislation resulting in different interpretations and regulations.
The risk speaks to constant changes in the regulatory landscape as well as vague and ambiguous legislation resulting in different interpretations and regulations.
09
09
The risk refers to the threat to the safety and security of critical Rand Water Assets such as our water purification plants(sites), pipelines and reservoirs.
The risk refers to the threat to the safety and security of critical Rand Water Assets such as our water purification plants(sites), pipelines and reservoirs.
Protection of critical RW Assets (National Key Points issues, Pipelines)
Protection of critical RW Assets (National Key Points issues, Pipelines)
10
10
Figure 2: Top 10 Strategic Risk
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