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There’s a giant clock ticking until the next major city runs out of water. Cape Town almost became the first major city in the world to run out of water in 2018. Four years later, the city has learned valuable lessons while the country remains stagnant, and its largest city, Johannesburg, is facing a water crisis, too. But this time, there’s no drought. It could take a trillion dollars a year to stop a countdown that affects us all. That’s what the World Resources Institute estimates the world would need to spend every year — 1% of global GDP — to deliver sustainable, clean water for the world. In our most ambitious mini-documentary yet, Semafor's Joe Posner meets up with South African journalists Sam Mkokeli, and Latashia Naidoo to report from where the reality on the ground suggests the clock is going to repeatedly hit zero. Chapters 0:00 - Intro 2:00 - The View from Coca-Cola 3:30 - Cholera outbreak in South Africa 4:28 - Johannesburg water shortage 5:48 - South Africa’s Water corruption 8:14 - Cape Town’s 2018 crisis 9:20 - 50 Liters a day 10:00 - The Day Zero playbook 12:00 - Why Cape Town was vulnerable 13:00 - Cape Town’s water investments 14:50 - Why South Africa didn’t learn Cape Town’s lessons 17:20 - Politics can poison the water supply elsewhere, too 17:41 - Singapore's success 18:50 - A crisis for democracy 20:34 - South Africa's enduring inequality 23:00 - A glimmer of hope 24:00 - The world needs to invest more 25:58 - What you can do