RAND WATER ANNUAL REPORT 2023

HOW RAND WATER IS GOVERNED

Social and Ethics Committee

Treasury and Capital Investments Committee

HR and Remuneration Committee

Chairperson Ms. Malande Tonjeni Dr. Nomusa Qunta Ms. Clarinda Simpson

Chairperson Mr. Simphiwe Khondlo Ms. Clarinda Simpson Dr. Nomusa Qunta Mr. Luvuyo Ntoyi Mr. Gcinumzi Qotywa

Chairperson Ms. Gwendolyn Mahuma-Madida

Ms. Lethabo Mashamaite Mr. Luvuyo Ntoyi Mr. Gcinumzi Qotywa Mr. Simphiwe Khondlo Mr. Solomon Mngomezulu

Ms. Lethabo Mashamaite Mr. Solomon Mngomezulu Mr. Simphiwe Khondlo

Meetings: 3

Meetings: 3

Meetings: 4

Attendance: 94%

Attendance: 100%

Attendance: 92%

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Oversee the implementation of human capital management strategies and policies intended to attract, retain, and motivate employees. Review on an annual basis the Corporate Scorecard, the Strategic Pillars and KPIs and advise the Board on the KPIs and performance targets evaluated against the annual Shareholder’s Compact. Oversee the development of the required strategic human resource related policies. Consider and recommend to the Board the organisations remuneration strategy, policy and guidelines which aim to attract, retain, and reward human capital.

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To assist with the management of major capital expenditure that falls within the scope of the Primary Activities as defined in the Water Services Act, as well as the activities that are not primary activities, but are of a significant and material nature. To assist the Board to oversee the financial assets and liabilities of the entity by overseeing the management of inherent investment, funding, credit risk, foreign currency risk, commodity risk, and liquidity risks of Rand Water.

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The Committee has been established by the Board to oversee, monitor and report on behalf of the Board, on Rand Water’s ethics, the impact of Rand Water’s corporate social responsibility activities, sustainable development, transformation initiatives and management of stakeholder relations with due regard to relevant legislative requirements and prevailing codes of best practice.

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