Rand Water | Integrated Annual Report 2025

VALUE CREATED FOR STAKEHOLDERS THROUGH FINANCIAL CAPITAL Rand Water is committed to creating and sustaining value for all its stakeholders by leveraging financial capital responsibly and delivering on our mandate as Africa’s largest water utility. Our integrated approach ensures that financial value translates into meaningful impact for our shareholder, customers, employees, governing bodies, government, finance providers, and the communities we serve.

Board

Customers

The Board, as our accounting authority under the PFMA Act, provides strategic oversight and governance. Members are remunerated per policy, ensuring we attract and retain skilled leadership for sustainable oversight.

We serve a diverse base, including municipalities, mining, and railways, delivering 1,737,841 megalitres of water in 2025 (average 4,761 Ml/day). We maintained uninterrupted, high-quality supply, meeting all regulatory standards (SANS 241), thus supporting economic and social development. Government (Provincial and National) Operating across Gauteng, Free State, Mpumalanga, and North West, Rand Water fulfills its constitutional mandate to supply reliable water, supporting government objectives, human

Shareholder (Department of Water and Sanitation)

As a state-owned entity, our shareholder is the Department of Water and Sanitation (DWS), which oversees sustainable water management. In 2025, Rand Water purchased R7.9 billion in raw water from DWS, highlighting our operational scale. Despite challenges, we achieved a 9% Return on Assets, supported by strong income margins and efficient asset use, ensuring continued financial sustainability and compliance with the PFMA Act.

Employees Our employees are central to our success. With a low turnover rate of 1.61%, we demonstrate strong staff retention. In 2025, we invested R3.9 billion in salaries and R155 million in training, offering a safe, supportive environment and performance-based incentives to align staff with organisational goals. Finance Providers We maintain strong relationships with external finance providers, managing long-term debt responsibly. In 2025, we paid R368 million in interest, honoring all commitments and maintaining investor confidence.

rights, and socio-economic development for millions.

Communities Rand Water invested R91 million in community initiatives in 2025, including clean water, sanitation, education, and job creation projects. These efforts enhance quality of life and promote sustainable resource use.

Through our focus on financial capital and integrated value creation, Rand Water continues to ensure sustainable growth, operational excellence, and positive impact for all stakeholders. Our commitment to responsible stewardship, transparency, and stakeholder engagement underpins our mission to deliver water for life and development.

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Rand Water | Integrated Annual Report 2025