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OVERBERG WATER

This presentation to the Parliamentary Portfolio Committee highlights Overberg Water's achievements in financial stability, equity balance improvement, and sustainable water services. It also outlines their future plans, including capacity development, alternative income streams, and compliance with legislative policies.

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OVERBERG WATER

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  1. OVERBERG WATER Presentation to Parliamentary Portfolio Committee for Water Services 19th March 2007

  2. GENERAL • Opportunity to Address the Committee • Compliance – Constitution • Mandate • Scrutinizing and overseeing executive action • Presentation/ Annual Report/ Policy Document / 5 Year Business Plan

  3. THE BOARD • New Board 2005 • 5 Board members • 3 Male 2 Female • Alternate monthly meetings • Audit Comm • Technical Comm • Remuneration Comm

  4. 2006 WAY FORWARD • Consolidate Financial Position • Develop Capacity • Equity • Secondary Activities

  5. FINANCE • Unqualified Audit • DWAF Assessment • “Overall Overberg’s Income statement has improved significantly……” • “an improvement of 534% over last year ….” • “operating costs per ML has dropped ….. This is a remarkable achievement…..” • “ revenue exceeds inflation Overberg is on a growth path…….” • “ Overberg Water has produced good results… “ • Investment Portfolio – Plus Minus R4m

  6. EQUITY • High Priority • Variable Salary Packages • Competition • Existing equity/gender balance

  7. CAPACITY • Skills Shortages • Local Colleges • SETA’s • SAAWU Initiatives • Chambers of Commerce • International Opportunities

  8. Succession/Risk Management • Close Alignment • National Policy / Employment Equity • Security and Auditing Research • Audit Committee • Credible Results

  9. Tariffs • Principles – Conservation/Efficiency • Additional Capacity for Service Delivery • Bulk / Retail Sector • Consultative Processes • Primary Income Source

  10. Operations • Tariff Structures • Operational Manuals • Alternative Systems • Occupational Health and Safety

  11. Audit Committee • Inception • Assessment • Results

  12. Alternative Income Streams • Work for Water • Management of Resources and fixed assets • Water Services Act / PFMA

  13. Health and Safety • On site Systems • Manuals • HIV / AIDS • Pilot Training Programmes

  14. General - Summary • Healthy Economic Base • Sustainable Strategy Policy • Integrated H.R. Policy • Equity Balance Improvement • Legislative Compliance • Municipal Partnership Policy • Local Consultative Process

  15. Conclusion • Financial Stability • Investment Options • Sound Operating Systems • Local Authorities • Bucket System

  16. Overberg Water • We thank you for your indulgence and look forward to your comments and advice.

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