By Gaongalelwe Tiro
TCTA hosted the launch of the 2024–25 IntegratedAnnual Report in Sandton, bringing together stakeholders for an afternoon focused on transparency, performance excellence and open engagement. The hybrid event at the Radisson Blu Gautrain Hotel drew about 80 guests from government, funders, water entities, municipalities, partners, media and selected staff. Guiding
the programme was Senior Manager: Communication and Stakeholders, wanda mkutshulwa. The event took place on 21 November.
Opening the session, Board Chairman Precious Sibiya stressed the importance of the Annual Report launch within TCTA’s accountability tradition. “Today is more than a ceremonial milestone,” she said. “It is a moment of trust. Apoint where we account to our shareholder, the Department of Water and Sanitation, our funders, our partners and the citizens of this country for how we managed the resources placed in our care. No filters. No embellishment. Only a clear record of our stewardship.” She noted the unqualified audit opinion and said it “signals to the market that TCTA continues to manage public resources with discipline.”
Reflecting on the operating context, Ms Sibiya spoke about the pressures that shaped the reporting year. “Increased scrutiny of infrastructure delivery, growing urgency around water security and essential progress on institutional reform all shaped the operating environment,” she said. She added President Cyril Ramaphosa’s reminder from the Water Indaba that “delivery must improve. Institutions must adapt. Infrastructure development must accelerate.”
Attention then shifted to operational outcomes. Ms Sibiya pointed to steady progress across major projects, the early completion of Delivery Tunnel North maintenance work and TCTA’s ongoing role in securing water for households and industry. Social impact efforts also featured. She highlighted the transfer of 40 houses in Kgubetswana and said the effort “reflects our belief that infrastructure should support dignity, stability and community wellbeing.”
Closing her remarks, she noted the value of international cooperation at Stockholm World Water Week, where “the platform allowed us to share lessons from 30 years of democracy, affirm our commitment to crossborder collaboration and build partnerships that support sustainable solutions.”
Her remarks set the stage for Chief Executive Officer Percy Sechemane, who delivered the State of the Organisation. He outlined TCTA’s mandate and described its evolution into a multi-project entity that plans, finances and operates bulk water infrastructure. According to Mr Sechemane, the Auditor-General issued no findings on performance information, which affirmed the organisation’s governance standards.
Progress on BRVAS, MCWAP 2A, the uMkhomazi Water Project and the Vaal River System obligations formed part of his operational update. He reported that acid-mine drainage plants met all water-quality requirements and that most basins exceeded throughput targets. Additional progress included legacy projects moving through final close-out stages and ongoing advisory work on the uMzimvubu Water Project and the Nwamitwa Dam funding model.
He then turned to financial performance. TCTA secured R22.25 billion for MCWAP 2A and R2.32 billion for BRVAS. All repayment obligations were met on time. To conclude, Mr Sechemane updated stakeholders on the transition to the National Water Resources Infrastructure Agency. He outlined progress on lender engagements, loan-transfer planning, the appointment of a Transaction Advisor and staff-migration preparations. He thanked employees, the Board and partners for supporting a stable performance year. He said the organisation enters the transition period with confidence and clarity of purpose.
The event reinforced TCTA’s commitment to transparent reporting and sector leadership.
