RAND WATER PROVIDENT FUND ANNUAL REPORT 2022-2023

2.6.2.1 Inspect the member’s instruction for details of the required switch and note the following details per the instruction: • Date of receipt of the member’s instruction by the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant); • Effective date of the switch; and • Investment portfolio to be switched into.

Upon inspecting the member’s instructions for the sample selected in procedure 2.6, the following details were noted per instruction: • Date of Receipt: The date each member’s instruction was received by the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant). • Effective Date of the Switch: The effective dates for the switches in the samples were 18/04/2023 and 10/05/2023. • Investment Portfolio to be Switched into: Each switch was correctly executed into the investment portfolios selected by the members. The client mandate indicates a processing time of 30 days for member-elected switches. All samples reviewed were processed within this total time frame. Upon inspecting the member’s fund credit transactions on the administration system obtained from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant), the following details about the switches were noted: • Date of Processing by the Fund Administrator: The date when each switch was processed by Mr. Amos Mojapelo (Senior Accountant) agreed to the effective date as per the member’s instructions. • Effective Date of the Switch: As previously noted, the effective dates of the switches were 18/04/2023 and 10/05/2023. • Investment Portfolios Switched into: Consistent with the member’s instructions, the switches were accurately executed into the specified investment portfolios. All details were agreed between the members’ instructions and the fund credit transactions in the administration system. We have reconciled the effective dates of the switches and the investment portfolios switched into as recorded in procedure 2.6.2.1 with those noted in procedure 2.6.2.2. This comparison was to ensure consistency in the dates of the switch and the specific portfolios into which members switched. No exceptions were noted regarding the date of the switch or the investment portfolios selected.

2.6.2.2 Inspect the member’s fund credit

transactions on the administration system obtained from the Fund administrator, ‘Rand Water Provident Fund’, represented by Mr. Amos Mojapelo (Senior Accountant) and note the following details about the switch: • Date when the switch was processed by the Fund administrator Mr. Amos Mojapelo (Senior Accountant); • Effective date of the switch; and • Investment portfolios switched into.

2.6.2.3 Agree the effective date of the switch and the investment portfolios switched into, as noted in procedure 2.6.2.1, to the effective date of the switch and the investment portfolios switched into noted in procedure 2.6.2.2, and note any exceptions with regard to the date of switch and/or when the portfolios switched.

Rand Water Provident Fund Annual Report | 2022-2023 67