Rand Water | Integrated Annual Report 2025

INTEGRATED ANNUAL REPO

Consolidated Annual Financial Statements for the year ended 30 June 2025

NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS

34. Related parties

The Group has a related party relationship with its subsidiaries and with its executives and board members. As Rand Water is a state-controlled entity, it also has a related party relationship with all other entities within the same sphere of government. Unless otherwise disclosed, all transactions with related parties are at arm's length basis at market related prices.

Transactions with key management personnel

Key management personnel compensations are detailed in the Remuneration Report and total remuneration for the board members and executives are included under staff costs (see notes 26 and 27). The remuneration for key management personnel for the year amounts to R105.3 million (2024: R96.9 million). None of the key management personnel had or has any significant influence within any entity with whom the Group has had significant transactions with.

RAND WATER

Fees for services as Board member Salary

Reimbursements ~

Group life

Total 2025

Total 2024

Figures in Rand thousands 34.1 Executive Board Member Mr. S Mosai (Group Chief Executive)

-

5 479 5 479

837 837

163

6 479

5 760

34.1 Subtotal

-

163 6 479 5 760

34.2 Non-executive Board Members Mr. R Monyokolo (Chairperson)

1 832

- - - - - - - - - - - - - -

- - - - - - - - - - - - - -

- - - - - - - - - - - - - -

1 832

1 759

Ms. M Tonjeni Mr. S Khondlo Mr. LX Ntoyi Mr. AN Mhlongo Ms. L Mashamaite Ms. Z Monnakgotla

733 564 621 642 653 626 558 574 583 634 601 209 -

733 564 621 642 653 626 558 574 583 634 601 209 -

694 697 671 660 677 713 628 635 635 581 661

Ms. BG Mahuma-Madida

Mr. S Mngomezulu

Mr. G Qotywa Dr. N Qunta Ms. C Simpson Ms. P Mbanjwa Ms. VC Menye 34.2 Subtotal

15

-

8 830

-

-

-

8 830

9 026

8 830 5 479

837

163 15 309 14 786

~ Reimbursements are costs incurred by Members in the normal course of fulfilling their duties, which are subsequently reimbursed by the Group. * In line with clause 8 of the Board Remuneration Policy, Board members are remuneration for other additional activities such workshops and training.

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Rand Water | Integrated Annual Report 2025