Environment & Energy Report

Cape Town’s Water ‘Near Miss’ Shows Scarcity Risks, UBS Says

Aug. 28, 2018, 4:28 PM

Cape Town’s water crisis, which saw the drought-hit city come within 90 days of turning off the taps earlier this year, highlights the threats to South African companies from a repeat event and should serve as a warning to vulnerable cities worldwide, analysts from UBS Group AG wrote in a report.

New Delhi and Hyderabad in India, Beijing, among other Chinese cities, Jakarta, Singapore and Sydney in the Asia-Pacific region, Brussels and Rome in Europe, along with San Francisco and the Manhattan area in the U.S. are some of those with relatively high water risks, the UBS analysts said, citing...

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