Mhlathuze Water welcomes positive audit outcomes
The entity was found to be financially stable and able to meet its obligations
MHLATHUZE Water has undertaken to further improve on its audit outcomes after receiving an unqualified audit report from the Auditor General for the 2018/2019 financial year.
The entity was found to be financially stable and able to meet its obligations of delivering bulk water, as well as the disposal of industrial and domestic waste water.
Chief Executive of Mhlathuze Water, Mthokozisi Duze, said in spite of some matters relating to wasteful expenditure in previous years and not reaching performance targets on rural development, operations are now on track.
‘We are meeting our stakeholders’ expectations without falling foul of the financial prescripts of the Public Finance Management Act,’ Duze said.
He said the improved outcomes can be attributed to Mhlathuze Water’s audit improvement plan which placed particular emphasis on ethical leadership, strengthened internal controls, effective risk management and financial accountability.
‘We are now gunning for a clean audit from the AG and will continue with our concerted efforts of prudently managing our cash in hand, without looking to the shareholders for funding to meet our obligations,’ he said.
Mhlathuze Water has already begun improving its infrastructure to implement a ministerial directive for provision of water within various wards in the Zululand District.
Major upgrades are being undertaken on water pipelines and the weir in the King Cetshwayo district, as well as the installation of boreholes, storage tanks, reticulation and standpipes to supply water to communities without access to basic water in the Nongoma and Abaqulusi localities.
Mhlathuze Water has also commissioned a 40 megalitres/day water treatment plant with associated bulk infrastructure to alleviate water challenges in the uMkhanyakude district.
