Rand Water | Integrated Annual Report 2025

The selection panel must consist of: a. The Chief Executive of the Water Board or his or her representative; b. A person representing a relevant Province, to be nominated by the Province concerned; c. A person representing the Minister, to be nominated by the Minister; and d. A person of good repute and good standing, residing within the service area, to be nominated by the Water Board. BOARD TERM AND RESPONSIBILITIES The term of office of the current Board of Rand Water is set to expire on 20 September 2026. Ensuring that Rand Water, when exercising its powers and carrying out its duties achieves a balance between striving to provide efficient, reliable and sustainable water services; optimally using available resources as well as taking reasonable measures to promote water conservation and water demand management, including promoting public awareness of these matters; • The appointment of the Group Chief Executive (GCE), the Chief Financial Officer (CFO) and the Company Secretary (CoSec), including determining the duties and conditions of service, remuneration, performance appraisal and termination of employment of the GCE, CFO and CoSec; and • Providing effective oversight to the Rand Water business by, inter alia: » Ensuring that the Delegation of Authority Framework is reviewed regularly to assist effective decision-making throughout Rand Water and monitoring the exercise of delegated powers by Management; » Defining the required levels of materiality and significance, reserving specific powers to itself and formally delegating other matters, with the necessary written authority, to Management and/or specific Committees of the Board; » Monitoring and evaluating the implementation of strategies, policies, management performance criteria and the business plans having regard to its own reporting and performance responsibilities to the Executive Authority; » Continually reviewing the key performance areas (KPAs) and key performance indicators (KPIs) of Rand Water and monitoring reporting against these. Exercising objective judgment on the business affairs of Rand Water, independent from Management, but with sufficient management information to enable a proper and objective assessment to be made; » Safeguarding a comprehensive system of policies and procedures and appropriate governance structures at Management level to ensure the effective implementation of Board decisions; » Instituting a system of employee and executive remuneration that is equitable, responsible, and motivating and that recognises and rewards excellent performance; » Overseeing that succession planning in respect of senior executive positions within Rand Water is in place; » Monitoring the implementation of the required strategies and plans to ensure business continuity, effective disaster management and disaster recovery across the Group; » Establishing the necessary structures to independently verify and safeguard the integrity of both financial and non financial reporting; and » Safeguarding compliance with all relevant policies, laws and regulations, audit and accounting principles and the Rand Water’s Code of Ethics. The Board is accountable for, inter alia: • Fulfilling the role of a Water Board as set out in the Water Services Act; •

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Rand Water | Integrated Annual Report 2025