BMI View: We have moderated our water forecasts somewhat this quarter, as South Africa’s water industry continues to remain comparatively strong, with a large amount of projects in the pipeline. However, we warn that the country has a danger of long-term water scarcity, due to its rapidly growing urban population and increasing water consumption figures, coinciding with a decrease in water extraction. The government aims to meet water targets in the short and long term, taking into account scarcity issues in resources. In the northern parts of the country, both surface water and groundwater resources are nearly fully developed and …
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