{"id":7929,"date":"2026-06-18T13:17:24","date_gmt":"2026-06-18T13:17:24","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=7929"},"modified":"2026-06-18T13:17:24","modified_gmt":"2026-06-18T13:17:24","slug":"sa-floods-inflict-record-r9bn-damage-on-cape","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=7929","title":{"rendered":"SA floods inflict record R9bn damage on Cape"},"content":{"rendered":"<p><\/p>\n<div id=\"textFreeArticle\">\n<p>Recent flooding in South Africa\u2019s Western Cape province, which includes the tourist hub of Cape Town, caused more than R9 billion ($548 million) of damage, a total that\u2019s expected to rise once final assessments are completed.<\/p>\n<p>\u201cOur infrastructure budget for this year is R10 billion and the cost of the storm damage means that the whole provincial budget will have to be re-prioritised,\u201d Deidr\u00e9 Baartman, the region\u2019s finance minister, told reporters in Cape Town on Thursday.<\/p>\n<p>Torrential rains that lashed the province last month inundated a number of informal settlements and at least 12 people lost their lives. At least 231 000 people were directly impacted by the inclement weather, and some 3 690 required temporary shelter, according to the provincial disaster management agency.<\/p>\n<div class=\"visible-sm-block visible-xs-block m1010\">\n<div class=\"ad-container-wrapper\">\n<p>ADVERTISEMENT<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n<p>Read:<br \/>From day zero to El Ni\u00f1o, the next drought could be worse than we think<br \/>Cape storm fallout could spark liability disputes over fallen trees, warns insurer<\/p>\n<p>The Western Cape government will approach the national cabinet to free up at least R100 million rand in disaster funding that can be used to repair infrastructure, according to Premier Alan Winde. \u201cNever before have we had such a cost caused by storm damage,\u201d he said.<\/p>\n<p>South Africa is facing increasingly intense and frequent storms as climate change amplifies extreme weather, raising the risk of flooding, infrastructure damage, and economic disruption. Earlier this year, the Kruger National Park in the northeast of the country was forced to shut after the worst flooding since at least 2000 inundated large parts of the wildlife reserve.<\/p>\n<p>\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n<p>#floods #inflict #record #R9bn #damage #Cape<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent flooding in South Africa\u2019s Western Cape province, which includes the tourist hub of Cape Town, caused more than R9 billion ($548 million) of damage, a total that\u2019s expected to&hellip; <\/p>\n","protected":false},"author":1,"featured_media":7930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1696,7390,10148,10149,10150,1419],"class_list":["post-7929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-cape","tag-damage","tag-floods","tag-inflict","tag-r9bn","tag-record"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/7929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7929"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/7929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/7930"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}