Rand Water | Integrated Annual Report 2025

INTEGRATED ANNUAL REPO

No.

King IV Principles Reporting The governing body should ensure that reports issued by the organisation enable stakeholders to make informed assessments of the organisation’s performance, and its short-, medium-, and long-term prospects.

Apply and Explain

5.

Rand Water ensures that the quality of reports produced (quarterly and annually) enables stakeholders to make informed decisions. It aims to adhere to the disclosure requirements as required by the JSE, King IV, Water Services Act and all relevant legislation and codes that Rand Water abides by. Rand Water’s IAR is prepared in line with International Integrated Reporting Council’s Integrated Reporting Framework (IIR). Rand Water’s AFS complies with the International Financial Reporting Standards (IFRS). It is audited by the AGSA to ensure that they represent the correct financial position of the organisation. The Board is the focal point of governance, overseeing strategic implementation and compliance, and holding regular/ statutory meetings for effective oversight. To that end, the Board continues to adhere to the principles of the King IV Report which was adopted in the 2016/17 financial year, Board Charter and the Committee’s Terms of Reference. The Board reviews the organisational performance on a regular basis through the quarterly and annual reports that are submitted to the Shareholder (DWS). The Board comprises a diverse and independent mix of members, including 12 Non-Executive Directors and one (1) Executive Director (GCE), 46% of which constitutes females.

GOVERNING STRUCTURES AND DELEGATION 6. Primary roles and responsibilities The governing body should serve as the focal

point and custodian of corporate governance in the organisation.

7.

Composition of the governing body The governing body should comprise the appropriate balance of knowledge, skills, experience, diversity, and independence for it to

Appointments are based on skills, diversity, and leadership qualities.

discharge its governance role and responsibilities objectively and effectively.

8.

Committees of the governing body The governing body should ensure that its arrangements for the delegation within its

Board Committees are structured to ensure independence, role clarity, and balanced decision-making.

Key Committees include: •

own structures promote independent judgement and assist with balance of power and the effective discharge of its duties.

Group Audit and Risk Committee (GARC),

• Human Resources and Remuneration Committee (HR&REMCO), • Social and Ethics Committee (SEC), • Treasury and Capital Investment Committee (TCIC), and • Nominations Committee (NOMCO)

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Rand Water | Integrated Annual Report 2025