The Water crisis in Cape Town is now affecting the construction sector with property developer Calgro M3 being among those hard hit. The company said it was adhering to tighter restrictions that were implemented at the beginning of July, and added that for the past six months, the company has only used borehole water for its operations.
Calgro M3 CEO said the company decided to cut its water usage even further, as the city could soon run out of water completely. He believes this response is “a responsible reaction” by the company and added that no jobs would be lost as a result of its decision.
In a statement, the city said “level 4b restrictions will be used to drive down water usage to 500m litres of collective water usage per day which is required as dam levels remain critically low and reserves need to be built up during winter for the expected harsh summer months ahead.”
Calgro M3 said that water crisis in Cape Town has led to construction being delayed on more than 1,750 residential units since January this year in an effort to conserve water. All these units have already been purchased. This accounts for a quarter of the company’s units under construction.
