Finance
The Division provides a financial management service to RES, mainly through the Financial Accounting and Management Accounting Departments.
Financial Accounting includes monthly accounting, half-year and year-end accounting, fixed assets, taxation, payroll, debtors, creditors and treasury management.
Management accounting includes, annual budgeting, monthly reporting with comparisons and analyses against budget, forecasting and the completion of the five year business plan.
Finance Projects
As a continuously growing entity, RES makes significant acquisitions and capital expenditure decisions annually. Such strategic decisions could account for as much as +E300 million in a financial year.
The Finance Projects Department was established to address the growing need for financial information reports and analysis, with respect to acquisitions, capital expenditure and the Strategic and Five Year plans. This service is provided at Divisional and Corporate level, working closely with all Divisional Heads as and when required.
PROPERTY SERVICES
The department provides municipal and housing facilities directly to employees, Divisions as well as to third parties around Simunye, Mhlume, Ngomane and Tshaneni estates.
The building and civil engineering function is responsible for carrying out both ad hoc and planned maintenance to commercial structures and the housing stock of over 5500 houses.
The housing function is responsible for allocation of houses to company employees and third parties across RES. It also coordinates and manages an informal business sector of 248 registered members.
The parks and sanitation function is responsible for environmental management. Solid waste from all the commercial and residential areas is disposed off in the landfill while the quality of effluent discharged into water streams is monitored on a monthly basis for compliance.
The electrical function provides maintenance support services related to bulk power purchase and distribution, electrical metering and prepaid vending, irrigation equipment and related capital projects.
The Property Department also manages the security of all company assets through the combined activity of an internal security function and outsourced security services.
Under the Environmental function, the Risk Department provides an oversight to all Divisions on environmental issues to ensure that all the obligations that are required of the company are met.
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