JSE-listed REIT, Redefine Properties, which has experienced water shortages of up to 10 days at time at some of its assets, believes further water challenges loom due to ailing infrastructure and lack of capacity at municipalities.
This comes as Rand Water yesterday began maintenance on its Palmiet and Mapleton systems – scheduled to completed on July 29 – which was expected to result in water interruptions in Tshwane, Ekurhuleni, Govan Mbeki, Johannesburg, Lesedi, Madibeng, Mogale City, Merafong City, Rand West City, Rustenburg, Thembisile Hani, and Victor Khanye municipalities.
Redefine, which owns about R70 billion of commercial, industrial and retail properties, mostly in South Africa, said yesterday that while its previous focus on water was to reduce consumption, it was now developing further storage capacity to provide a five-day buffer at…