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Executive overview
Key findings
4,574 ML/d: average potable water supplied in FY 2025, with a peak day of 5,161 ML/d
R22.9 billion: revenue in FY 2025, up 5.07%, with net income of R4.6 billion
R41.1 billion: capital plan for 2026–2030, against R1.98 billion of actual capital spending in FY 2025
1,803 million m³ a year: abstraction allocation from the Integrated Vaal River System (February 2026)
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Buyer relevance
Who the report is for
Suppliers and consultants new to Rand Water
Get the utility's mandate, assets, customers and capital plan on one page per topic before deeper account work.
Credit and investment analysts
Check FY 2025 margins, debt to equity of 0.07, debtors of R8,753 million and S&P's November 2025 action in one table.
Researchers and journalists
Use the dated reference figures, from 4,761 ML/d of sales to the 2026 dam levels, with their sources.
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Decision scope
Questions answered
How much water does Rand Water supply?
An average of 4,574 ML/d in FY 2025, with a peak day of 5,161 ML/d, to more than 18 million people.
How large is its capital plan?
R41,113 million over 2026–2030, peaking at R12,164 million in 2029, against R1.98 billion spent in FY 2025.
How strong are its finances?
Revenue was R22.9 billion in FY 2025 with net income of R4.6 billion and debt to equity of 0.07, but debtor days were 125 against a 70-day target.
What is its water quality performance?
Acute health microbiological compliance was 99.89% in FY 2025 against a 97% target.
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Inside the report
Inside the complete report
Executive Overview
Utility and Service Mandate
Water Resources and Supply
Infrastructure and Treatment
Networks and Assets
Wastewater and Resource Management
Financial Position
Investment and Major Projects
Tariffs and Customer Context
Energy and Sustainability
Governance and Regulation
Climate and Resilience
Forward Developments
Key Intelligence Summary
Source Register
05
Public preview
What to watch next
Water Resources and Supply
The Department's review of the abstraction license; supply restrictions on municipalities drawing above allocation (October 2026).
Financial Position
The FY 2026 annual financial statements; the debtor book; any new note issuance.
Investment and Major Projects
FY 2026 actual spending against R3,678 million planned; Station 5B and reservoir awards.
Tariffs and Customer Context
Supply restrictions on over-consuming municipalities; confirmation of the 2026/27 tariff.
Financial Position and Investment: FY 2025 financial indicators, the top five defaulting municipalities and the 2026–2030 capital plan.
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Included
What you receive
The complete PDF report: 11 pages, 15 sections, 18 tables and a register of 19 sources.
This edition
October 2026, First edition.
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Evidence & method
Evidence and method
The profile draws on Rand Water's FY 2025 integrated annual report and March 2026 presentation to Parliament, Department of Water and Sanitation statements and dam levels, parliamentary records and replies, Lesotho Highlands project updates and JSE bond market notices.
Sources
19 sources, listed in the report's source register. Evidence current to 30 October 2026. Principal data periods: FY 2025 (year ended June 30, 2025) integrated annual report and Rand Water's March 17, 2026 presentation to Parliament; resource, project and institutional status to October 2026. All currency is South African rand (R)..
Evidence boundaries
This report uses authoritative source material available at the stated research cutoff. It distinguishes published facts, calculated values and analytical interpretation. No independent modelling is performed. Forward-looking analysis reflects published plans, documented trends and stated uncertainties. It does not constitute legal, financial, investment or engineering advice.
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Lead analyst
Robert C. Brears
Founder, Our Future Water Intelligence
Robert C. Brears is a water-security specialist and author whose work examines utility governance, infrastructure investment, climate resilience and long-term water-system change for executive and policy audiences.
- Decision-focused utility intelligence
- Published water-policy author
- Evidence-grounded system analysis
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Buyer FAQs
Before you purchase
Who can use the report?
Licensed for internal use within one purchasing organization. The PDF and its contents may be shared with colleagues within that organization. External redistribution, resale and public publication are prohibited without permission.
How is the report delivered?
The PDF is available to download immediately after confirmed payment, through our secure delivery system.
Can my organization buy wider access?
Institutional purchasing: For invoice enquiries, multi-organization licensing or broader access requirements, contact Our Future Water Intelligence.
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Utility Intelligence Profile: Rand Water
- Format
- Length
- 11 pages
- Edition
- October 2026, First edition
- Price
- USD 99
11
Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Utility Intelligence Profile
- Edition
- October 2026, First edition
- Format
- Length
- 11 pages
- Reference
- OFW_EXT_RAND_WATER_UTILITY_INTELLIGENCE_PROFILE_ce135224f0d8
- Evidence current to
- 30 October 2026
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