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Rand Water Subsidiary "Cannibalized" From Parent Company

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Rand Water Services, a subsidiary of Rand Water, has "cannibalized" sales from its parent company in order to post a net profit for the last year, according to a presentation by CEO Percy Sechemane to Rand Water's board. According to Sechemane, Rand Water Services "hijacked" Rand Water's own technologies, "selling our own ideas, concepts, etc. back to us at a higher rate."