Government wants big business to invest in the water sector.
Billions are needed annually to upgrade ageing infrastructure and with the current economic environment, government cannot keep up with the demand.
A Water Infrastructure Investment Summit is currently being held in Sandton, north of Johannesburg.
South Africa’s water supply is fragile, complicated by a raging drought.
Old aging infrastructure compounds the problem.
The water industry is desperately seeking solutions. R30 billion per year is needed to capitalise infrastructure.
Water is a critical but depleting commodity.
The summit is the beginning of a yearlong road show to attract both local and foreign investments.