Water is the new Eskom. Here’s why…

Population growth as well as Government’s neglect of infrastructure and natural resources are increasing the likelihood of South Africa facing “water-shedding” in the near future.

“Water-shedding is a reality that we’re going to have to accept at some stage," said Wiero Vogelzang of engineering consulting firm Gibb.

"The level of it is going to be different in different areas."

The Money Show’s Bruce Whitfield interviewed Peter Attard Montalto, Emerging Markets Economist at Nomura.

Montalto discussed the reasons why he thinks water is “the new Eskom”.

Scroll down for quotes from the audio below.

As with Eskom and other areas of Government policy there’s a lack of willpower to move this forward.

Peter Attard Montalto, Emerging Markets Economist at Nomura

This has been exposed by the poor rains.

Peter Attard Montalto, Emerging Markets Economist at Nomura

This is the worst drought since 1992.

Peter Attard Montalto, Emerging Markets Economist at Nomura

We need higher water tariffs in South Africa.

Peter Attard Montalto, Emerging Markets Economist at Nomura

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