Rand Water | Integrated Annual Report 2025

KING IV PRINCIPLES APPLICATION 2025 Rand Water complies with the principles of King IV, and the Board encourages the organisation to uphold the governance principles and recommended practices contained therein and to align its practices, policies, and procedures thereto. During the reporting period, Rand Water has applied the principles of King IV and the table below provides details.

Table 2: King IV Principles Application No. King IV Principles Apply and Explain LEADERSHIP, ETHICS AND CORPORATE CITIZENSHIP 1. Leadership The governing body should lead ethically and effectively.

The Board leads ethically and effectively by upholding values such as integrity, competence, responsibility, accountability, fairness, and transparency. It sets the ethical tone and governs based on relevant laws and policies. The Board is committed to discharging its fiduciary responsibilities in terms of common law and in line with relevant legislative, policy and regulatory prescripts. The Board governs ethics through approved policies, an external whistle blowing facility, managed by an external independent entity and staff members are trained continuously in the effective operation of this facility. An external ethics assessment was conducted by The Ethics Institute to guide improvements. Quarterly reports are submitted to the Social and Ethics as well as the Group Audit and Risk Committees on progress made against the approved mitigation plans to reduce white collar crime and ethics-related breaches. The Board ensures compliance with the Constitution and laws, monitors impact in the workplace, economy, society, and environment. It oversees Board diversity and separation of roles between the Chairperson and Group Chief Executive. The ESG Quarterly reports are submitted to the Social and Ethics Committee on progress made against the approved ESG Reporting Framework.

2.

Organisational Ethics The governing body should govern the ethics of the organisation in a way that supports the establishment of an ethical culture.

3.

Responsible corporate citizenshi p The governing body

should ensure that the organisation is, and is seen to be, a responsible corporate citizen.

STRATEGY, PERFORMANCE AND REPORTING 4. Strategy and Performance The governing body should appreciate

The Board of Rand Water sets and approves the overall strategic direction and ensures that the organisation operates sustainably in a unified manner. This is achieved through the implementation of various plans developed at different levels of the organisation.

that the organisation’s core purpose, its risks

and opportunities, strategy, business

model, performance and sustainable development are all inseparable elements of the value creation process.

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Rand Water | Integrated Annual Report 2025