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It’s been one of the wettest years in California since records began.

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To be able to adequately feed and support the world’s growing population, our global economy needs to continue to grow. Water is critical to future growth. But it can also become the major limiting factor to growth. For instance, businesses in water-scarce areas are already at risk, and so investors are increasingly taking water supply into consideration during their decision-making processes.

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The arduous task of cleaning up from catastrophic flooding is underway across the Northeast after storms stretched the region’s flood control systems nearly to the breaking point.

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A report released by the South African government paints a grim picture of the country’s water resources and water infrastructure as well as the overall quality of its drinking water.

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President Cyril Ramaphosa invested enormous political capital over the first three years of his presidency in pushing Expropriation without Compensation (EWC). Inevitably, he ran into difficulty trying to explain away the economic damage this would cause. His response (and that of his government and party) was simply to deny it.

The government has defended its plans to introduce black shareholding requirements for new water use licences, saying it is doing so to correct the racial imbalance created by SA’s apartheid past.