Communications

Cost of living crisis is the biggest short-term risk according to the Global Risks Report 2023, produced in partnership with Marsh McLennan and Zurich Insurance Group. It draws on the views of over 1,200 global risk experts, policy-makers and industry leaders. Across three timeframes, it paints a picture of the global risks landscape that is both new and eerily familiar, as the world faces many ...

The Institute of Risk Management South Africa (IRMSA) has joined growing calls on government to take immediate action to address unparalleled loadshedding as well as the high electricity tariff hike or risk dire consequences. 

Today, 11 January 2023 the World Economic Forum released their Global Risks Report 2023. World-leading experts discussed the major risks the world will be facing in the coming years. The Global Risks Report 2023, developed in collaboration with Marsh McLennan and Zurich Insurance Group, is part of the World Economic Forum's Global Risks Initiative.

The world has experienced unprecedented uncertainty in the recent past mainly due to turmoil in the global economy, political landscape and the fall-out of the COVID-19 pandemic. Several questions have been raised regarding the value proposition of risk management (RM) as seemingly well-run corporates have failed during this period despite perceived good leadership, good governance, good risk ...

Risk management requires effort, knowledge and teamwork along with a significant amount of specialist knowledge. Economic risk management is one of those specialised areas that is normally left to the likes of Chartered Accountants and MBAs to forecast accurately and provide relevant control measures.
We tend to associate economic risk with fiscal crises, soaring energy prices, unemployment and ...

This month South Africa’s largest city and business hub announced that water cuts are being added to the extensive list of concerns for its residents. The explanation provided by Johannesburg water points to supply issues worsened by increased load shedding in the region.

The US government issued a security alert on Wednesday, the 26th of October 2022, warning its embassy staff and citizens currently in South Africa about a possible terrorist attack in Sandton. The timeframe is specific, Saturday the 29th of October, as is the specific area being Sandton, Johannesburg. Although the minister in the Presidency has rejected the US government’s cautionary warning, I ...

What is disaster risk? What are its sources? Can it be avoided? These are some of the questions that many people in different locations and at different levels ask. Disaster risk is the likelihood of harmful consequences, or expected loss (of lives, people injured, property, livelihoods, economic activity disrupted or environment damaged) resulting from interactions between natural or human ...

A DECREASE in South Africa’s gross domestic product by 0.7% percent in the second quarter of 2022 poses a new cost-of- living risk for the country. The latest figures reveal the country’s economy in the second quarter was smaller than it was before the outbreak COVID-19 pandemic. What is more worrying is that key sectors like manufacturing, agriculture, trade, and mining were significant negative ...

A recent radio interview with Julian Hewitt, chief executive officer of the educator bursary programme, the Jake Gerwell Fellowship, revealed a troubling statistic. At least half of South Africa’s teachers are in their fifties. This is not about questioning one’s teaching ability as one ages – it comes down to retirement.