WESTERN CAPE WATER CRISIS AND THE PROPERTY MARKET

Reports of the devastating drought in the Western Cape has been rampant on all media channels. The continued threat of Day Zero has had a direct effect on the tourism industry, wildlife, the agriculture and in a recent statement by the Minister of Economic Opportunities it is said that close to 30 000 jobs in the province could be lost. If the situation is having such an adverse impact on these sectors, is it also affecting the property market?