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 (continued)

* Top Management Committee was established with limited decision-making authority by the Executive Committee to consider and approve specific operational matters as delegated by the Group Chief Executive. a) Mr. T Joala passed away in service on 29 January 2024. Mr. M Makhubela has been appointed as the Acting Chief Shared Services Officer effective 6 January 2025. b) Mr. A Nxumalo has been appointed as Acting General Manager: Strategic Asset Management effective 12 August 2024. c) Ms. L Sineke was appointed as the Chief Procurement Officer effective of 12 August 2024. d) Ms. M Matiwane was appointed as the General Manager: Projects and Compliance effective 11 November 2024. ^ Reimbursements are costs incurred in the normal course of fulfilling day-to-day operational requirements, which are subsequently reimbursed by the Group.

RAND WATER FOUNDATION

Fees for services as Board member Salary

Reimbursements ^

Group life

Total 2025

Total 2024

Figures in Rand thousands

34.4 Non-Executive Board Members Mr. ML Mngomezulu (Chairperson)

104 266 408

- - -

- - -

- - -

104 266 408

507 265 283 245 237

Ms. APZ Mafuleka Ms. LN Netshitenzhe Mr. EN Ratshikhopha (a)

94

94

Ms. BM Lekwane

244

244

34.4 Subtotal

1 116

-

-

-

1 116 1 537

34.5 Executive Board Member Ms. M Sekoaila (GM Rand Water Foundation)

-

2 701

167

74

2 942

2 891

34.5 Subtotal

-

2 701

167 167

74

2 942

2 891

1 116 2 701

74 4 058 4 428

^ Reimbursements are costs incurred by Members in the normal course of fulfilling their duties, which are subsequently reimbursed by the Group. * Mr Mosai, as the Group Chief Executive of Rand Water serves in an Ex Officio capacity as the board member of Rand Water Foundation. Refer to Executive Board Members remuneration. a) Mr EN Ratshikhopha passed away in November 2024 Performance bonus payouts Included below are the details of the performance bonus payout for the key management personnel for the years ended 30 June 2023 and 30 June 2024. Due to the nature of the performance bonus payout this payment occurs once the audited results have been approved and performance can be measured, therefore the payment occurs in subsequent years if approved.

293

Rand Water | Integrated Annual Report 2025