Auditor-general Kimi Makwetu has flagged material impairments in the financial statements of Rand Water, one of the country’s biggest water boards, to the value of R469m. This would likely result in Rand Water being under pressure in coming years. Makwetu also identified internal control deficiencies and failure of the board to review its corporate plan and apply National Treasury regulations to ensure that its five-year corporate plan was properly effected. Rand Water is among the largest water boards in the country, supplying water to Gauteng, the Free State and the North West. The number of people receiving clean, potable water from Rand Water has increased from 11-million to 19-million in the past 10 years. Makwetu’s observations come at a time when Water and Sanitation Minister Nomvula Mokonyane had been locked in a dispute with the auditor-general over its 2016-17 financial year audit outcomes. Makwetu raised concern about a drop in the value of assets under Rand Water’s owner...
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