This year’s Global Water Report has painted a bleak picture of how South African companies are managing their water resources.

With calculations that demand will outstrip supply by as much as 17% by 2030, the report showed companies could end up closing if they did not change their approach to water management.

The report’s main finding was that companies were not looking at the risk water scarcity would create and were continuing with “business-as-usual”. To rectify this, more ambition was needed, it said.

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