Rand Water | Integrated Annual Report 2025

INTEGRATED ANNUAL REPO

RAND WATER BOARD COMMITTEES

GROUP AUDIT AND RISK COMMITTEE MEMBERS 1. Ms. Zanele Monnakgotla (Chairperson) 2. Ms. Gwendolyn Mahuma-Madida 3. Ms. Malande Tonjeni 4. Mr. Luvuyo Ntoyi

5. Mr. Gcinumzi Qotywa 6. Mr. Anthony Mhlongo 7. Ms. Ayanda Mafuleka 8. Ms. Vuyokazi Menye Meetings

8

Attendance

84%

Mandate, Roles and Responsibilities The Committee has been established primarily to assist the Board in overseeing, inter alia, the following: • The effectiveness of Rand Water’s assurance functions and services, with particular focus on combined assurance arrangements, including external assurance service providers, the internal audit function and the finance function; • The implementation of an appropriate enterprise-wide risk management strategy which is supported by an effective enterprise-wide risk management framework (ERMF); • The quality and effectiveness of Rand Water’s risk management systems processes and procedures including the strategies and policies for the management of risks across the organisation; • The quality and integrity of Rand Water’s integrated reporting, the consolidated Rand Water Group (the Group) financial statements), sustainability reporting, and public announcements in respect of the financial results; • The independence of the external auditors for the Rand Water Group and its subsidiaries and the audit scope and assessment of the effectiveness of the external audit function; • The effectiveness of the Group’s internal controls and internal audit function; and • Compliance with legal and regulatory requirements to the extent that it might have an impact on the financial statements. Key Activities undertaken during the 2024/25 Financial Year During the 2024/25 financial year, the Committee’s work was structured around quarterly and special meetings, with a particular focus on financial integrity, risk mitigation, audit compliance, and performance assurance. The following highlights the key activities undertaken: Oversight of Financial and Performance Reporting: • The Committee maintained a consolidated view of assurance and performance across the Group, including the Rand Water Foundation (RWF), and Rand Water Services (RWS). This included the review and consideration of the Group’s: » Management Accounts and Quarterly Performance Reports. » GIA Assurance Reports on performance information across the Group to ensure accuracy and reliability of reported data. » Financial Monitoring Template to the Department of Water and Sanitation (DWS). » RWF and RWS Unaudited CAFS for the year ended 30 June 2024 » GIA Assurance Report on the unaudited financials. » Auditor-General of South Africa (AGSA) audit report. » Consolidated Annual Financial Statements (CAFS). » Integrated Annual Report for the year ended 30 June 2024. » Consolidated Interim Financial Statements (CIFS) and Nexia SAB&T Interim Review Report for the period ended 31 December 2024. » JSE Proactive Monitoring Report.

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Rand Water | Integrated Annual Report 2025