ORGANISATIONAL STRUCTURE

EXECUTIVE AUTHORITY AND SHAREHOLDER

EXECUTIVE AUTHORITY AND SHAREHOLDER

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ORGANISATIONAL STRUCTURE

The uMngeni-uThukela Water Group consists of a parent entity with two (2) small subsidiaries.

The Executive Committee is the top management structure of uMngeni-uThukela Water Parent comprises of one Chief Executive and four Chief Officers (i.e. Chief Operating Officer, Group Chief Financial Officer, Group Chief Shared Services Officer and Group Chief Governance & Compliance Officer). The Group Company Secretary and the Chief Audit Executive are ex officio members of the Executive Committee. The Chief Executive guides the day-to-day activities of the entity with powers delegated to him by the Board.

With respect to the subsidiaries, Umgeni Water has 100% shareholding in Msinsi Holdings SOC Ltd and Umgeni Water Services SOC Ltd.

The uMngeni-uThukela Water Group as at 30 June 2022 comprised:

  • A head count of 1 343 employees;
  • Revenue for the year of R4.9 billion with R1.2bn net surplus generated;
  • Balance sheet asset value of R16.2bn with reserves totalling R13.2bn.