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Water shortages deter SA investments, outlook dims

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Harare - Water supply constraints will discourage investment in South Africa, economists said on Tuesday, as the world celebrates World Water Day amid a biting drought that is threatening productivity in the southern African region and other parts of the continent.

Shortages of water, which have already cut crop production in South Africa and its neighbors – Zimbabwe, Zambia and others – will further compound regional economic woes emanating from electricity shortages, currency weakness and commodity price declines.

A panel of economic analysts surveyed by FocusEconomics said South Africa’s outlook remains “dim” as the “electricity and water supply constraints will hamper growth by both interrupting production and discouraging investment” in Africa’s second largest economy.

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