09
May
2013
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Company Profile

Midvaal Water Company is a Water Service Provider which has been supplying potable water in bulk to the Klerksdorp, Orkney, Stilfontein area since the middle of the previous century. In addition to this, Midvaal renders operation, maintenance and consultancy services for water treatment plants and sewage works.

The Company, established in 1954, is situated 15km from Stilfontein in the North West Province on the banks of the Vaal River and serves an area of some 900km2. It supplies the Greater Municipality of Matlosana (Klerksdorp) as well as the mining and industrial undertakings in the area with potable water. Midvaal purchases raw (untreated) water under license from the Department of Water Affairs and Forestry and after purification, delivers to consumers.

Midvaal is a non-profit organisation, registered under Section 21 of the Companies Act. The Company has a successful track record of generating sufficient funds through its operations to cover all operating costs. It has also been successful in its mission to consistently delivering reliable services at acceptable costs – to great appreciation of its valued customers.

During the past five decades, Midvaal has acquired vast and valuable experience in process technology applicable to wastewater and potable water. Water engineering, operation and maintenance of potable water treatment plants and wastewater purification plants, metering, and radio telemetry systems, are some of the fields of expertise. The Company has service level agreements with all its clients, which are periodically reviewed to ensure their relevance in terms of operational, business and client needs alike.

The Company operates a SANAS accredited and well-equipped laboratory (T0132). This department, the Midvaal Scientific Services, provides both analytical and consulting services concerning water purification, underground water and effluents. This includes analysing and evaluating samples; recommending treatment processes, determining water suitability for different uses and training operators for water treatment plants and sewage purification works.

In view of the vast experience and relevant expertise, Midvaal confidently offers clients reliable operation and maintenance services at competitive rates. A qualified, well-trained and competent workforce is available to meet the requirements of clients in a cost-effective and innovative manner.

Constitution of board members and governance structures

In terms of the Articles of Association of The Company, Midvaal Water Company Board Members are nominated by its major consumers (who have consumer agreements with the Company for the supply of water). The total number of Board members is ten, five ofwhich are nominated by the local government and the remaining five Board members are nominated by the mining sector.

The Board has demonstrated the highest calibre and standards in corporate governance over the years, and continues to espouse the principles of accountability, credibility, transparency combined with ethical behaviour. As a result, the Company is compliant with the generally accepted accounting and sound corporate governance practices.

During 2006, the Board initiated a process to review the Memorandum of Association with the view to expand operations by including sanitation services, recycling water and waste- water management. The Articles of Association were reconsidered to establish more appropriate criteria for representation of Board Directors as well as to improve its supervision and monitoring role in accordance with the best corporate governance practices and King II report.

The Board established committees to oversee relevant matters

In terms of the Articles of Association of The Company, Midvaal Water Company Board Members are nominated by its major consumers (who have consumer agreements with the Company for the supply of water). The total number of board members is ten, five of which are nominated by the local government and the remaining five board members are nominated by the mining sector.

The Board has demonstrated the highest calibre and standards in corporate governance over the years, and continues to espouse the principles of accountability, credibility, transparency combined with ethical behaviour. As a result, the Company is compliant with the generally accepted accounting and sound corporate governance practices.

During 2006, the Board initiated a process to review the Memorandum of Association with the view to expand by including sanitation services, recycling water and waste water management. The Articles of Association were reconsidered to establish more appropriate criteria for representation of Board Directors as well as to improve its supervision and monitoring role in accordance with the best corporate governance practices and King II report.

The Board established the following committees to oversee relevant matters: Infrastructure Development and Maintenance Committee Audit and Risk Management Committee Human Resources and Remuneration Committee

These Committees have specific terms of reference and assist the Board to fulfil its regulation and governance responsibilities. The Board approved a comprehensive corporate governance policy during 2006 which has become instrumental in further strengthening corporate governance practices and clarifying the role of the Board as well as management and other structures.

Corporate Social Responsibility

Midvaal Water Companyʼs main focus areas of social investment include education, welfare, environment and capacity building. Literacy is the first step towards empowerment. In its bid to improve literacy, the Company runs special programmes for adult literacy in close cooperation with the Sediba Thuto ABET School in Khuma.

In terms of their welfare activities, the Company targeted the repair and maintenance of dilapidated school structures in its area of jurisdiction. During 2002, Midvaal upgraded the Sediba Thuto ABET School in Khuma at a cost of R10, 000. It also upgraded the sports ground at Abontle Community School at a cost of R4, 000. In a joint venture with the Klerksdorp Rotary Club R10,000 was donated in 2006 to drill a borehole and install a water tank at a farm school in the Klerksdorp area.

During 2006, the Company focused on education, welfare, environment and capacity building in terms of social responsibility. Bursaries were awarded to deserving candidates from KOSH area for pursuing a tertiary education in line with Company policy. Students from the scientific fields were also employed by the Company on contract basis for completing experiential training. Similarly, internal bursaries were awarded to deserving learners from the Midvaal community to embark on a tertiary education. Special study assistance programmes were augmented to assist interested employees to further their education, and career development in line with Company objectives and their individual needs and aspirations.

The Company continues to support the job creation initiative of the Department of Water Affairs and Forestry, which focuses on eradication of alien vegetation by employing local BEE contractors through their “Working for Water Program”. Previously disadvantaged individuals are employed in a job creation initiative, to handle waste sorting at its premises. The capital projects of Midvaal are generally labour-intensive and the labour from local communities is given preference in cases where employment opportunities are available.

VISION

Your preferred bulk water partner.

MISSION

To provide bulk water in support of clientsʼ requirements.

VALUES

Quality Relationships Service Trustworthiness

FOCUS

Customer Company Employees Environment

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