Rand Water pours in profit

Rand Water showed a 20percent net profit increase to R593million this year over last year.

Rand Water showed a 20percent net profit increase to R593million this year over last year.

Thami Sithole, the group's shared services executive, said the utility planned to invest R2,5billion on upgrading existing infrastructure over the next five years.

The company's spending on BEE companies rose to 60percent from 46percent and R6,5million was invested in social responsibility and community projects. - Sapa

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