RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

scheme managers. Difference

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1.1.2 From the list of investments obtained in procedure 1.1, by inspection of the list or inquiry with the Fund administrator (Mr.

We inspected the list obtained in procedure 1.1 and further inquired from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) and noted that there were no new investments made during the year ended 30 June 2023.

Amos Mojapelo – Senior Accountant, representative of the Fund Administrator) note new investments made during the 2023 financial year ended 30 June 2023, Select a sample of 10 of the largest value new investments (if there are less than 10 new investments, select all) from the list of investments obtained in procedure 1.1, and perform the following procedures:

1.1.2.1 Inquire from the Principal Officer Miss

We inquired from the Principal Officer Miss Matshidiso Nyembe and noted that the investment policy statement of the Fund was last reviewed/approved by the Board of Fund on 25 November 2022. We obtained the latest approved policy statement from the Principal Officer Miss Matshidiso Nyembe. We inspected the investment policy statement from the Principal Officer Miss Matshidiso Nyembe and the different categories of investments within the scope of the investment policy statement are as follows: – Rand Water Fund Inflation Plus 1%- 3%(Equity, Property and Fixed income) – Rand Water Fund Inflation Plus 3%- 5%(Equity, Property and Fixed income) – Rand Water Fund Inflation Plus 5%- 7%(Equity, Property and Fixed income) – Rand Water Fund Money Market

Matshidiso Nyembe the date on which the investment policy statement of the Fund was last reviewed/approved by the Board of Fund. Note the date.

1.1.2.2 Obtain the latest approved policy statement from the Principal Officer, Miss Matshidiso Nyembe

Inspect the investment policy statement and document the different categories of investments which are within the scope of the investment policy statement.

Rand Water Provident Fund Annual Report | 2022-2023 59