Rand Water profits boost
- From: Vol 3, Issue 12 (December 2002)
- Category: Companies
- Region: Africa
- Country:
- Related Companies: Rand Water
Costs have dropped and tariffs are up.
South African bulk water supplier Rand Water has posted profits of R193 million (c. $21 million) for the 2001/02 financial year, a staggering 131% increase. Turnover was up just 14% at R2.5 billion (c. $270 million) for the same period and the sharp rise follows several years of falling profits.
An explanation can be found in tariff increases ...
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