Rand Water targets municipal debt with new strategy [SOUND]

# Rand Water says the utility is pursuing outstanding municipal debt through special purpose vehicles. These entities, managed by boards and management teams, will ring-fence water revenue. Speaking at the National Water and Sanitation Indaba in Midrand, Rand Water CEO Sipho Mosai emphasised that funds will be used strictly for water infrastructure upgrades, maintenance, and operations. He told SABC News that the pilot project is underway at Emfuleni Local Municipality: