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Changes to the Board of Rand Water Board: BIRW
RAND WATER BOARD
(Rand Water is established in terms of the Water Services Act, 1997 (the “Act”). The Government of the
Republic of South Africa, through the Department of Water and Sanitation and duly represented by the
Minister of Water and Sanitation, is the sole shareholder of Rand Water. In terms of the Act, Rand
Water's primary activity is the provision of bulk water supply services (potable bulk water and sanitation
services within the predetermined service area.)
Issuer Code: BIRW
(“the Issuer”)
Changes to the Board of Rand Water Board
Rand Water Chief Executive, Mr Percy Sechemane joins Trans Caledon Tunnel Authority (TCTA)
This serves to inform noteholders of the departure of the Chief Executive, Mr. Percy Sechemane from
Rand Water as he leaves to lead the Trans Caledon Tunnel Authority (TCTA). He led Rand Water with
skill and dexterity both at a National and Global scale. His term ended on 31st August 2018 and was
extended for five years to the 31st August 2023. This was a further acknowledgement of his successful
steering of the organisation towards financial viability, effective strategy execution and maintenance of
the organization’s reputation.
His success at Rand Water has better prepared him to lead another strategic organization along the
water value chain, the Trans Caledon Tunnel Authority (TCTA). We are proud as Rand Water that Mr
Sechemane comes from within our ranks.
Mr. Sechemane is not lost to the Water Sector as he leaves behind a dedicated Executive Management
team whom he led for the last decade towards the long term sustainability of Rand Water that has
enabled the delivery of potable water to the citizens of its mandated area of supply. The Shareholder,
Board and Management of Rand Water extend their best wishes to Mr. Sechemane as he starts his new
role as the Chief Executive of TCTA, effective 22nd October 2018.
Board Appointments
Noteholder’s are also advised of the formalisation of the appointments to the board following the
Statement of the Cabinet Meeting held on 19th September 2018. The retention of over a third of the
outgoing members to the Board will bring about a smooth transition as well as continuity from the
wealth of knowledge and experience attained while serving Rand Water. The Board members will
complement the vast knowledge and experience of those retained and their impressive track-records
will contribute to successfully directing the future sustainability of Rand Water.
The Board appointments effective 1st October 2018 are as follows:
Adv. Faith Matshidiso Hashatse (Chairperson),
Ms Massacha Khulekelwe Glynnis Mbonambi (Deputy Chairperson),
Mr LL Makibinyane, Ms Phindile Sweetness Mbanjwa, Mr Ahmed Mohammed Pandor, Ms Mahlatse
Martha Kabi, Ms Mankone Ntsaba, Ms Nomsa Georgina Mbileni, Mr Protas Thamsanqa Phili, Ms Sophie
Molokoane-Machika, Ms Savannah Nonhlanhla Maziya, and Mr Ramateu Johannes Monyokolo.
The outgoing Board is as follows:
Term Ended 30th September 2018
Ms Busiswa Cwengile-Bam, Ms Lakela Kaunda, Ms Rene Aloise Kenosi and Mr Isaac Mmushi.
Term Ended 31st March 2018
Mr Dawood Coovadia JP and Prof. Frederick A.O. Otieno
The Issuer would like to thank the outgoing Board members for serving Rand Water with such excellence
and dedication that has sustained Rand Water during a very turbulent period.
Johannesburg
8 October 2018
Debt Sponsor
The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Kea Sape SBSA (011) 721 5594
Rand Water information:
522 Impala Road, Glenvista, 2058, Johannesburg, Gauteng, South Africa
PO Box 1127, Johannesburg, 2000
Tel: +27 11 682 0318
Fax: +27 11 682 0673
www.randwater.co.za
Date: 08/10/2018 05:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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