Resilience: The Art of Organisational Shapeshifting
Fortify your organisation against the unexpected with operational resilience. It's the ability to anticipate, prepare for, respond to, and adapt to disruptions whilst maintaining critical functions. This proactive approach embeds resilience into daily operations and culture, focusing on protecting key services, assessing risks, testing scenarios, leveraging technology, and continuous improvement. Board involvement and regulatory focus underscore its strategic importance.
Case Study: Woolworths South Africa – Integrating Sustainability into Business Strategy
Woolworths South Africa has successfully integrated sustainability into its core strategy through the Good Business Journey programme. Focusing on key areas like renewable energy, ethical sourcing, and community engagement, the retailer has enhanced its brand reputation, improved energy productivity, and contributed significantly to social development, positioning itself as a responsible leader.
Strategic Management: A Comprehensive Review Paper
Purpose: This paper aims to shed light on the evolution of strategic management over time, including definitions, supporting theories, tools, importance, and application in various business settings, and highlight the challenges and future trends of strategic management.
Assessment of Money Laundering, Terrorist Financing and Proliferation Financing Risk in the Banking Sector
The Prudential Authority (PA) of the South African Reserve Bank (SARB) is responsible for anti-money laundering and counter-financing of terrorism
(AML/CFT) supervision of banks, mutual banks and life insurers. As such, the PA
assesses the risks related to these aspects. It embarked on its second banking
sector risk assessment by surveying 34 banks in March 2021.
IRMSA Risk Report 2024/25
‘Managing the risks that attend to the pursuit of sustainable development.’
South Africans today may feel that they are living inside Charles Dickens’ Tale of Two Cities. In the One City, a smaller portion of society feels empowered and excited about the unfolding future, gathering pace on the wings of the ongoing technological revolution and new political possibilities.
Fraud Risk Management in Internal Audit
Several high-profile and large-scale corporate fraud cases have made headlines in recent years. Investigations into a number of these frauds have identified that many of them took place over a significant period of time and often resulted in crippling impact to, and even the demise of, the victim organizations.
Minimum Capital Requirements for Market Risk (BCBS)
This document sets outs the amended minimum capital requirements for market risk that will serve as the Pillar 1 minimum capital requirement as of 1 January 2022, replacing the current minimum capital requirements for market risk as set out in Basel II1 and its subsequent amendments.
Future-Proof Risk Professionals: Navigating the Edge of Uncertainty
This article explores how risk professionals can future-proof their roles by embracing innovation, anticipatory thinking, digital transformation, and resilience. It highlights the shift from reactive compliance to strategic leadership, advocating for interdisciplinary skills, lifelong learning, and integrated risk-opportunity management to navigate complexity and drive sustainable organisational value.
Case Study: Transforming Risk Culture at City General Hospital
City General Hospital reduced medication errors by 39% through collaborative workshops, co-designed protocols, gamified microlearning, and AI-powered monitoring. By addressing staff perceptions and fostering psychological safety, the hospital transformed its risk culture, improved protocol compliance, and demonstrated the value of perception-aware, strengths-based risk management in healthcare.