This is because the lack of access to water is relatively permanent compared to rolling blackouts.
Schussler believes that major industries such as IT, transport, agriculture as well as exports will be impacted as water scarcity limits businesses and causes Capetonians to look for greener pastures.
A water crisis to me is a few times worse.
There’s no rolling blackouts with water.
It’s permanent,” Schussler said.
The ratings agencies look at the overall growth of the country and the population growth.The impact is probably a downgrade.
“This makes the cost of capital more expensive.
According to a report by Moody’s, the water crisis afflicting Africa’s top tourist destination is credit-negative as it will reduce revenue at a time when the city has to boost spending to ensure supplies.
The report doesn’t constitute a rating action, said Moody’s, which has an investment-level rating on Cape Town’s bonds.
“Municipal water revenue contributed about 10% of Cape Town’s operating income in 2017, a proportion that is set to dwindle as the city restricts water usage.

According economist Mike Schussler, the water crisis is several times worse than load shedding. This is because the lack of access to water is relatively permanent compared to rolling blackouts. This result in many businesses and industries semigrating in order to continue business operations in the country, he said. Schussler believes that major industries such as IT, transport, agriculture as well as exports will be impacted as water scarcity limits businesses and causes Capetonians to look for greener pastures. “We saw with the electricity crisis that South Africa missed out on a lot of growth. A water crisis to me is a few times worse. There’s no rolling blackouts with water. It’s permanent,” Schussler said….

“When acute water scarcity hits, people have a choice.
“I am speaking to people who own residential complexes in Cape Town.
“We saw with the electricity crisis that South Africa missed out on a lot of growth.
A water crisis to me is a few times worse.
IT, which is a big industry in Cape Town, could move.
But if people queue for five months it would really impact.
Fruit that we export from the Cape will also be impacted, and this will impact our growth.
“Tourism to South Africa will be impacted.
“In the short term, south-western parts of the Western Cape, including Cape Town, are expected to remain rain-free for the remainder of this and next week.” Saws reminded that most rain in the Western Cape province falls during winter months.
“Since cold fronts form part of a variable eastward propagating wave pattern of air flow over the Southern Ocean, the frequency of the cross-continental passage of cold fronts across the Western Cape province is difficult to predict at a seasonal time range, and more research is required into weather patterns.”

Because the economy will suffer, we run the risk of a downgrade from the ratings agencies. With #DayZero fast approaching in the Western Cape and the possibility of taps running completely dry, South Africa’s economy could be severely affected if water refugees embark on a mass exodus to other provinces. Added to this, experts say the Western Cape drought also has the potential to widely affect a number of sectors, resulting in South Africa experiencing a downgrade. “When acute water scarcity hits, people have a choice. They either have to live with it or they can migrate,” said University of Free State Centre for Environmental Management Professor Anthony Turton. Turton, a trained scientist specialising in water resource management, pointed to global studies of water scarcity, ultimately resulting in “a study of migration”. “It becomes a push factor in human migration. Environmental scarcity ultimately results in resource capture. “I am speaking to people who own residential complexes in Cape Town. And I am speaking to one person that owns 10 such complexes. One has 300 units. And they are already talking about people breaking their leases and leaving. They are saying they are not willing to go through it. It’s not a far-fetched concept.” Economist Mike Schussler said there is also the potential for big firms moving from Cape Town to other parts in South Africa, including the economic hub of Johannesburg. “We saw with the electricity crisis that South Africa missed out on a lot of growth. A water crisis to me is a few times worse. There’s no rolling blackouts with water. It’s permanent,” Schussler said. “If the crisis is over relatively quickly, I don’t think it would be a…

Cape Town’s impending Day Zero is likely to have a severe knock-on effect across the entire national economy, widely affecting a number of sectors, and resulting in a possible credit rating downgrade for South Africa.
Speaking to the Citizen on Tuesday, economist Mike Schussler said that the water crisis is several times worse than load shedding, as not having access to water is relatively permanent compared to rolling blackouts.
This could lead to a number of businesses and industries looking at semigrating so that they can continue business operations in the country, he said.
Depending on how long the drought lasts, he believes that major industries such as IT, transport, agriculture as well as exports will all be significantly impacted as water scarcity limits businesses and causes Capetonians to look for greener pastures.
A water crisis to me is a few times worse.
The ratings agencies look at the overall growth of the country and the population growth.The impact is probably a downgrade.
“This makes the cost of capital more expensive.
Cape Town credit negative The water crisis afflicting Africa’s top tourist destination is credit-negative as it will reduce revenue at a time when the city has to boost spending to ensure supplies, Moody’s Investors Service said in a report on Monday.
The report doesn’t constitute a rating action, said Moody’s, which has an investment-level rating on Cape Town’s bonds.
“Other effects include threats to public health from poor sanitation and, more generally, to social order, which is significant given Cape Town’s marked income inequality,” Mazibuko wrote.

Cape Town’s impending Day Zero is likely to have a severe knock-on effect across the entire national economy, widely affecting a number of sectors, and resulting in a possible credit rating downgrade for South Africa. Speaking to the Citizen on Tuesday, economist Mike Schussler said that the water crisis is several times worse than load shedding, as not having access to water is relatively permanent compared to rolling blackouts. This could lead to a number of businesses and industries looking at semigrating so that they can continue business operations in the country, he said. Depending on how long the drought lasts, he believes that major industries such as IT, transport, agriculture as well as exports will all be significantly impacted as water scarcity limits businesses and causes Capetonians to look for greener pastures. “We saw with the electricity crisis that…

Capetonians are currently restricted to 87 litres of water per day, which will decrease to 50 litres as of February 1st.
Initially, Day Zero was projected to occur on April 21, but this has been moved up to April 12 as less than half of the residents have adhered to the 87 litre per day quota, as proposed by the government, thus leading to the failure of meeting the city-wide consumption goal of 500 million liters of water per day.
In 2009, the Western Cape Water Reconciliation Strategy was published, which outlined the city’s need to implement alternative infrastructure for water accessibility by 2019.
The Berg River Dam has been the primary water supply for residents, and the strategy outlined the expected challenges surrounding the dam as posed by the consequences of a changing climate.
Capetonians were projected to run out of water by 2019, if not sooner.
But these strategies are both timely and costly, leaving Capetonians hoping for rain to mitigate the crisis until further intervention can be implemented.
The city talks about Day Zero yet we are wasting water.” Dr. Robert Stewart, a professor with Lakehead’s Water Resource Science department spoke to The Argus about the crisis.
Dr. Stewart believes that Cape Town is foreshadowing as to what is to come in the future, and can be used as a case study as to how we can respond to future crises as a global community.
He believes the importance of social cohesion in a time of crisis is imperative to a community’s resilience.
The people of Cape Town are being forced to experience a cultural paradigm shift, as they move away from extreme consumption to highly rationed access to an essential resource.

The farmer’s prayers for rain or snow might get answered as a Meteorological department official said with prediction of fairly widespread rains or snowfall in Kashmir tomorrow, this January might not end completely dry.
"There has been no rain or snowfall in Kashmir since the New Year’s eve.
There was forecast of rain or snowfall several times during the month, but a set of changes took away the possibility," the official said.
In stark contrast to this January, during the first month of last year, Kashmir recorded 162.2 millimetres of rain and snow.
January 2017 was the wettest in the last 38 years in Kashmir.
"I think this summer, the agriculture produce, especially paddy, will be badly affected due to scarcity of water for irrigation at the sowing time.
According MeT department data, the average downpour during February over the past 17 years has been around 25 to 30 mm.
"Although trees do not need much water during winter, the dryness of the land can lead to death of trees.
"We still have almost two months of winter left.
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.

What happens to a major city of millions of residents when they suddenly realise that their water taps are just about to run dry due to prolonged drought?They shift from the high gear of reckless water use and change into a lower speed in using supplies in order to save as much water as they can in order to avoid experiencing ‘Day Zero’.
She advised: “Water from hair-wash should go into the toilet cistern.
No-one in Cape Town should be using fresh water to flush toilets.
Thabo Lusithi, who lives in an informal settlement in Khayelitsha Township, outside Cape Town, said her area continued to have the same poor water delivery service as before the drought, where many households share few water standpipes.
Residents of these areas have long been used to having problems of low water pressure and long periods when water pipes stop functioning altogether.
In this opposition Democratic Alliance controlled city, Zille is not alone in going for days without a shower.
But local and national political leaders, however, do not seem to want to take full responsibility in solving the water crisis that has hit Cape Town, if their recent public spat is anything to go by.
Water and Sanitation Minister Nomvula Mokonyane, speaking in Parliament, urged the opposition-led Western Cape Province government to take full responsibility in dealing with the water crisis, rather than blaming the national government for the problem.
But the minister would have none of it, telling the two opposition leaders: “I am not at war with anyone.
Certainly not the thirsty and shower-less residents of Cape Town – who have now realised that water is the new gold of South Africa which must be treated with all manners of care.

Drought.
According to a World Health Organization and UNICEF report from 2017, 253 million people around the world must travel at least 30 minutes to collect clean water for their daily use.
While many of those dealing with water scarcity live in rural areas, how does a major global city, with access to a number of fresh water reservoirs, end up running out of clean drinking water?
So, much of the nation – including Western Cape province and the city of Cape Town – is already putting stress on its available water resources.
By that same day in 2015, it had dropped to 78 per cent of capacity.
These facts certainly set up the backdrop for the current crisis, however there were human factors – specifically political ones – that apparently made the situation even worse, and pushed the region towards this looming Day Zero.
According to The Conversation, the Democratic Alliance, which is the Western Cape provincial government, and the African National Congress, the party that runs South Africa on a national level, have been going toe-to-toe over this crisis for some time now.
In 2015, the city of Cape Town was allocated 60% of the water from the Western Cape’s water supply system.
The department has no funding allocated to drought relief in the Western Cape next year.
As of now, without any significant improvements or assistance – either from nature or from the government – Cape Town’s Day Zero, when the city will run out of water, is April 12, 2018.