IRMSA launches next round of exams

IRMSA launches next round of exams

IRMSA launches next round of exams

The Institute of Risk Management South Africa (IRMSA) has just opened applications for the next round of exams. Risk managers can apply to sit the Occupational Certificate Organisational Risk Manager Level 6, with a state date of 20 April 2018. IRMSA said: “The purpose of this qualification is to prepare a learner to be able to manage risk management plans…

Catastrophes demand more sophisticated risk engineering programmes

Catastrophes demand more sophisticated risk engineering programmes

Catastrophes demand more sophisticated risk engineering programmes

Risk managers and insurers are coming under increasing pressure to revise their approach to cope with an increase in natural catastrophes in South Africa. In the past couple of years, South Africa has been hit by tornados, flash floods, freak hailstorms, deluge, drought and fires, with the last five years in particular racking up billions of rands in damages and…

Bringing corporate governance principles to life

Bringing corporate governance principles to life

Bringing corporate governance principles to life

The leading roles of the corporate governance and risk management fraternities in South Africa were yet again demonstrated, by the recent award of the IRMSA Risk Influencer of the Year 2017 to the King Committee on Corporate Governance at the Institute of Directors Southern Africa. Not only do we lead in our respective disciplines, but the award further demonstrates the…

South African M&A conditions set to improve

South African M&A conditions set to improve

South African M&A conditions set to improve

Conditions for deal activity in South Africa are predicted to improve in 2018, but this will depend on political and economic conditions in the country in the next two years, according to the latest report from Baker McKenzie. In its third edition of the Global Transactions Forecast, the law firm states that the easing of key economic and political risks…

South Africa and DRC committed to greater trade

South Africa and DRC committed to greater trade

South Africa and DRC committed to greater trade

Risk managers should be aware of strengthening trade links between South Africa and the Democratic Republic of Congo (DRC), after the two states committed to remove hurdles that hinder business interactions. At an Investment and Trade Initiative seminar, organised by the Department of Trade and Industry, South African Consul General in Lubumbashi, Andrew Maswanganye, said it is important for both…

China-Africa trade remains unbalanced

China-Africa trade remains unbalanced

China-Africa trade remains unbalanced

Almost 20 years after the launch of the first Forum on China-Africa Cooperation, China-Africa relations remain unbalanced, according to credit insurer Coface. It said bilateral trade has lept in the past ten years to a total of $123bn in 2016, driven – up to 2014 – by exports, which have fallen by 51% since the peak. The region now has…

Risk around urban population growth increases in South Africa

Risk around urban population growth increases in South Africa

Risk around urban population growth increases in South Africa

Investors and businesses need a safe place to operate, however the growth in South Africa’s cities continues to cause concern. According to the recently published 2017 State of Urban Safety in SA report by the Urban Safety Reference Group, an estimated 71.3% of South Africa’s population will live in urban areas by 2030, and that will continue to rise to…

Carnage’ ahead as a decade of low insurance prices ends

Carnage’ ahead as a decade of low insurance prices ends

Carnage’ ahead as a decade of low insurance prices ends

Risk managers must expect a rapid increase in their insurance bill as they head into 2018, warned South African brokers, as a series of claims in South Africa and the bad hurricane season have combined to turn the markets. While not every class of business will be affected, the expectation is that the market across Africa has ‘bottomed out’ in…

Stronger links with rest of world  for southern African risk managers

Stronger links with rest of world for southern African risk managers

Stronger links with rest of world  for southern African risk managers

Southern African risk managers may be on the cusp of receiving international recognition for their qualifications from five of the world’s biggest risk management associations, including the Institute of Risk Management South Africa (Irmsa). Irmsa, Ferma, Rims, Alarys and Parima have signed a letter of intent to work towards mutual recognition of their respective risk management certification or designation programmes.…

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