• ACTis has raised no flags for Overberg Water and placed one under monitoring.
• Overberg Water achieved its eighth consecutive unqualified audit in 2024/25, with no internal control weaknesses reported in the latest cycle. This suggests that the entity corrected procurement monitoring deficiencies identified in 2023/24, indicating a functioning financial system capable of detecting and addressing control failures. The continuity of executive and Board leadership since 2017 may have contributed to institutional stability during this period.
• Overberg Water’s strong performance indicators – including a collection rate above 95%, full compliance with water quality standards, and the first surplus in years – suggest effective governance and financial management. While executive remuneration warrants monitoring given the size of recent increases, the available evidence indicates that these increases occurred during a period of sustained organisational and financial improvement.