New state-owned company for water in South Africa coming in 2025

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 61%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The new administration has its sights set on the establishment of a new national water agency as a state-owned company.

South Africa is heading towards the formation of a state-owned enterprise for water which is expected to be established in the first half of 2025 – with some skeptical about its promised effectiveness.

According to the Department of Water and Sanitation , the sweeping reforms are intended to attract private investment, enforce accountability for non-performance, and remedy a crisis that has caused outages and poor water quality across areas nationwide. Regardless, during the transition from the sixth administration to the seventh, there was uncertainty about whether these plans to create a water agency would materialise in the new administration.

Most of this is raised by DWS’s entity, the Trans Caledon Tunnel Authority , based on guarantees from the National Treasury, however the value of guarantees is said to be limited.,” said Majodina.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines