We Strive To Be Good Corporate Citizens. Not Just By Law, But By Design
Magalies Water adheres to the principles of good corporate governance which includes best practices and compliance with applicable legislation.
The mandate of Magalies Water is derived from Sections 29 and 30 of the Water Services Act (Act 108 of 1997). This implies that we are able to provide water services to Water Services Authorities (WSAs), Water Services Institutions (WSIs) and other commercial or industrial users.
Who We Report To
We report to the Minister and the Department of Water and Sanitation (DWS) and have to continuously align ourselves to the latest policy positions of the department as well as the National Development Plan (NDP).
The Laws We Abide By
Public Finance Management Amendment Act, No. 1 of 1999, as Schedule 3(B): National Government Business Enterprise.
How Our Finances Are Run
It is the legal imperative of Magalies Water to ensure compliance with the provisions of the Public Finance Management Act, (Act 1 of 1999) (PFMA), as well as the Water Services Act (Act 108 of 1997). To this end, we have an internal audit function and our external audit is done annually by the Auditor-General of South Africa.