IRMSA Risk Report – SOUTH AFRICA Risks 2023/24
South Africa, like many countries, faces a multitude of risks in the years ahead. These risks range from economic and political instability to social and environmental challenges. In our case however, the failure over many years to address these risks in manageable bits, so to speak, has resulted in the country now facing a polycrisis (i.e. the simultaneous realisation of individual risks), with the potential consequence of becoming a Failed State (some may believe that South Africa is already a Failed State) or a Mafia State. Taking this reality into account as the country strives towards the realisation of its Vision 2030 goals, a higher level of urgency is needed to navigate these threats and opportunities in order to build a more prosperous, sustainable and inclusive future or in the worst case, to prevent a Failed State or Mafia State from materialising.
Allianz Risk Barometer – 2025
The 14th Allianz Risk Barometer incorporates the views of 3,778 respondents from 106 countries and territories. The annual corporate risk survey was conducted among Allianz customers (businesses around the globe), brokers and industry trade organizations. It also surveyed risk consultants, underwriters, senior managers, claims experts, as well as other risk management professionals in the corporate insurance segment of Allianz Commercial and other Allianz entities.
Global Cybersecurity Outlook – 2025
This year’s report shines a light on
the increasing complexity of the cyber landscape, which has profound and far-reaching implications for organizations and nations. This complexity is driven by a series of compounding factors:
– Escalating geopolitical tensions are contributing to a more uncertain environment.
– Increased integration of and dependence on more complex supply chains is leading to a more opaque and unpredictable risk landscape.
Etc.
Risk Trends 2025 – IRM
Driven by the explosion of technological advancements and increasing global uncertainties, we need to look at what the key shifts in risk are and how practitioners should prepare themselves, and their organisations, for the future. The ability to anticipate and respond to these fast moving developments will be crucial for risk practitioners in 2025.
State of Trust Report – 2024
Trust is critical to the success of every business. But building, scaling, and demonstrating trust is getting harder for organizations. To meet customer expectations, security leaders and their teams must address complex threats, a growing compliance burden, and increasing risk from their third party vendor footprint. The rapid adoption of AI technologies only adds to the challenge, requiring more oversight and governance.
IRMSA Risk Report – South Africa Risks 2015
The first annual Institute of Risk Management South Africa’s (IRMSA) South Africa Risks Report 2015 has been compiled within a specific context – that of a country still reeling from political and economic turmoil.
The Association of Mineworkers and Construction Union (AMCU) on 29 July 2014 announced the end of a 5-month platinum sector strike by 80,000 workers which resulted in a fall of nearly 25% in mining production. South Africa’s credit rating was downgraded by Standard & Poor’s (S&P) and Moody’s. The country’s outlook was shifted from stable to negative by Fitch Ratings, meaning that the country is a single notch away from junk status. The South African government continued to experience difficulties to meet the expectations of the population in terms of the fight against unemployment, poverty and corruption, potentially giving rise to increased social instability. The International Monetary Fund (IMF) slashed its economic growth forecast for South Africa by 0,3 percentage points to only 1,4% for 2014 and by 0,4 percentage points to 2,3% for 2015, suggesting that the sustainability of the country’s economy is under severe pressure.
IRMSA Risk Report – South Africa Risks 2016
The second edition of the IRMSA South Africa Risks Report is presented during a volatile period in the country’s development, highlighted by Fitch, Standard & Poor’s and Moody’s all lowering their outlook on South Africa’s credit rating to essentially one notch above junk status in December 2015, the rand trading at its worst-ever levels against the pound and the dollar in nominal terms in the same month, Pravin Gordhan being named the third finance minister in less than a week, and widespread public protests. These and other events are occurring as South Africa grapples with the worst drought to hit the country in decades.
IRMSA Risk Report – South Africa Risks 2017
The third edition of the IRMSA South Africa Risks Report is presented at a time of profound change. The populist anti-globalization wave that produced majority votes for Donald Trump in the United States and for Brexit in the United Kingdom is the consequence of the “anti-establishment” flag that has been raising its head around the world. This flag has been discussed by Clem Sunter and Dr Chantell Ilbury at the IRMSA Risk Report launches over the past two years and represents the growing lack of faith in professional politicians in America, Britain, Europe, Australia and many other countries. Trends and events of this nature remind us that South Africa and organisations operating within its borders are exposed to a myriad of external threats and opportunities, beyond those that are solely internally driven. South Africa’s risk landscape has been equally, or perhaps even more, volatile than the global environment during 2016.
IRMSA Risk Report – South Africa Risks 2018
The Institute of Risk Management South Africa (IRMSA) publishes an annual risk report, but the 2018 edition specifically focused on "Future" risks, which was a report on longevity risk and opportunity and the need for continuous learning due to the 4th Industrial Revolution. The IRMSA Risk Report series uses risk-based scenarios to explore the future, with the 2018 edition considering risks related to intergenerational living and the need to adapt to a changing job market.
IRMSA Risk Report – South Africa Risks 2019
Risk managers are in a unique position to connect the proverbial dots – finding the linkages and trends in information, vertically and horizontally, from a number of different planes that enables you to navigate the level and pace of complexity of what we are going through in the world and certainly in South Africa.
We live in a complex world with high levels of uncertainty and constant change. The scale and pace of global and domestic change profoundly influence the nature and dynamics of our politics: either in the manner in which certain disputes will be resolved expeditiously and or in how new obstinate problems are actually created.