RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

First page Table of contents Next page Last page
PART 1: General Information4
About Rand Water Provident Fund4
Our Stakeholders6
Our values, culture & ethics7
PART 2: Executive Reports..8
Report by the Chairperson8
Principal Officer’s Review9
Foreword by Funding Manager14
PART 3: Rand Water Provident Fund Strategy..17
Mandate of the Fund17
Fund Risk Management17
Top Residual Risks18
PART 4: Group Governance21
Governance Structure21
Composition and Term of the Board22
Audit and Risk Committee22
Investment Committee23
Statement of Compliance25
Treating Customers Fairly26
Member Communication27
PART 5: Annual Financial Statement29
Regulatory information30
Statement of responsibility by the Board of Fund33
Statement of responsibility by the Principal Officer35
Report of the Independent Auditor36
Report of the Board of Fund39
Statement of net assets and funds43
Statement of changes in net assets and funds44
Notes to the financial statements45
Report of the valuator56
Report of the independent auditor to the Registrar of Pension Funds56
Investment schedule pertaining to annual financial statements96
Assets held in compliance with Regulation 28100
Report of the independent auditor on compliance with Regulation 28102

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