Public Management

More than $8 billion needed to ensure South Africa's water security by 2030

More than $8 billion needed to ensure South Africa's water security by 2030
Friday, 02 July 2021 13:36

To South Africa’s water supply security, the country needs more than R120 billion ($8 billion) for the next ten years. According to Lindiwe Sisulu, water and sanitation minister, the money is typically needed for the completion of major water infrastructure.

This announcement comes four months after President Cyril Ramaphosa announced that the establishment of a National Water Resources Infrastructure Agency will be acaccelerated. To continue monitoring the demand and availability of water to meet future demand, the country’s Department of Water and Sanitation will work alongside the Agency to identify the best options to meet these needs by 2030.

“Inadequacy of water resources will have a significant effect on the revival of the economy as well as inhibiting social transformation which perpetuates entrapment in poverty. Key economic development sectors like mining, manufacturing, tourism, farming, human settlements, and other industries are more likely to commit capital investments to areas where water, energy, and transport are secure,” said Sisulu.

According to a statement from the South Africa water and sanitation ministry, the country faces increasing water supply challenges that are constantly caused by insufficient water infrastructure maintenance and investment, recurrent droughts driven by climatic variation, inequities in access to water and sanitation, and insufficient skilled professionals and competent administrators. The situation is worsening with the pandemic, posing a significant water security risk which is a disruption for economic growth and development of the country.

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Nigerian insurers Guinea, Sovereign Trust seek 10.8bn naira capital Guinea launches rights issue; Sovereign Trust awaits NGX approval Raises aim meet...
Adenia Entrepreneurial Fund I (AEF) secures $180 million in its first close, exceeding its $150 million target. The fund targets...
Bank of Ghana lowers its policy rate by 150 basis points to 14%, the lowest since July 2021. The cut reflects improving macroeconomic conditions...
Ghana’s real GDP growth reached 6% in 2025, up from 5.8% in 2024. The services sector led growth, contributing over 63% and expanding 8.6% in...
Most Read
01

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Rel...

BOAD to Mobilize $1.3 Billion in Support of Burkina Faso 2026-2030 Development Plan
05

Yassir moves into media distribution in France with the acquisition of Paris-based adtech firm Kaw...

Algeria-based Yassir expands into media distribution in France with planned acquisition of Kawarizmi
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.