The Umgeni Water Group comprises of a parent entity with two (2) small subsidiaries.
The Executive Committee is the top management structure of Umgeni Water Parent, and for the reporting year comprised of a Chief Executive and five (5) Executives, namely for Operations, Infrastructure Development, Scientific Services, Finance and Corporate Services. The Chief Executive guides the day-to-day activities of the entity with powers delegated to him by the Board.
The non-executive Board is the Accounting Authority and provides strategic leadership to the Executive Board; the Board is appointed by the Minister of Human Settlements, Water and Sanitation.
With respect to the subsidiaries, Umgeni Water has 100% shareholding in Msinsi Holdings SOC Ltd. and Umgeni Water Services SOC Ltd. The latter holds an 18.5% investment in Durban Water Recycling (Pty) Ltd.
The Umgeni Water Group as at 30 June 2019 comprised of:
- A head count of 1 250 employees;
- Revenue for the year of R3.54 billion with R1.31 billion net surplus generated; and
- Balance-sheet asset value of R13.12 billion with reserves totalling R9.45 billion.