Water and Sanitation Minister Senzo Mchunu has extended commendations to Rand Water as it marks an impressive milestone of 120 years of service. Acknowledging the entity’s hard work and dedication, Mchunu praised Rand Water’s ability to promptly execute directives, as SANews reported.
This year, Mchunu noted, has been particularly successful for Rand Water, with Fitch Ratings reaffirming the entity’s ‘AA+’ positive outlook rating. According to the Minister, this rating reflects Rand Water’s robust financial profile and strong shareholder connections, allowing for increased capital expenditure on significant projects.
Highlighting some of the entity’s achievements, Mchunu mentioned the unqualified audit opinion from the Auditor-General and the successful completion and commissioning of essential projects like the Vlakfontein Reservoir and Pumpstation 5A.
“The entity’s success is attributed to the skill, dedication, and vision held by those at the organisation’s helm. These accomplishments evidence the team’s commitment to service excellence but, most importantly, the honouring of constitutionally entrenched rights for the benefit of the citizens of this country,” stated Mchunu.
“As a shareholder, I must commend Rand Water for their consistent performance – be it in relation to the provision of quality bulk potable water, maintenance of infrastructure, or its role as an Implementing Agent in assigned projects. As a ministry and a department, we take pride in having Rand Water as part of our portfolio,” he added.
In the annual general meeting attended by Mchunu, Rand Water’s Chief Executive, Sipho Mosai, provided an overview of the entity’s activities and accomplishments, along with an operational performance update. The Chief Financial Officer, Matshidiso Nyembe, also briefed the meeting on the entity’s financial performance.
Meanwhile, Mchunu will deliver a keynote address at the opening of the South African National Committee on Large Dams (SANCOLD) Annual Conference, presently underway in Sandton. Themed “Dams – A Critical Resource in Present Time,” the three-day conference aims to bring together experts and technocrats to discuss and share knowledge on various water sector topics.
Picture: Facebook / Rand Water
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