Unemployment tops risk list for South Africa

Unemployment tops risk list for South Africa

Unemployment tops risk list for South Africa

Structurally-high unemployment and underemployment tops the risk list for 2018 in South Africa, according to the 2018 Risk Report from the Institute of Risk Management South Africa (IRMSA). Also in its top ten list of risk by impact, revealed today, are unmanageable fraud and corruption, failure of governance, government policy, macroeconomic developments and profound political instability. In terms of most…

Don’t miss out on a trip to Europe

Don’t miss out on a trip to Europe

Don’t miss out on a trip to Europe

Make sure you complete the 2018 risk management survey for risk managers across Africa in order to be automatically entered into the draw to win a trip to Europe.* Our annual Risk Frontiers Africa report has become a must-read for all risk and insurance industry professionals with an interest in Sub Saharan Africa. The report is compiled from extensive interaction…

Nat cats drive costly losses in South Africa

Nat cats drive costly losses in South Africa

Nat cats drive costly losses in South Africa

A number of large losses and natural catastrophes (nat cats), with heavy storms, floods, drought and fires, have contributed to challenging times for South African insurers. At the same time, South Africa is suffering from a weak economy driven by political uncertainty as an election year approaches. This uncertainty continues to undermine business and consumer confidence. “On the whole, we…

Shell wins latest Nigerian court case

Shell wins latest Nigerian court case

Shell wins latest Nigerian court case

Oil major Shell has defeated the latest legal bid by thousands of Nigerians to have damages claims over pollution dealt with by the English courts. Last year, a judge in London ruled any compensation actions by two Nigerian communities affected by oil spills would have to be heard in Nigeria. The communities challenged the decision but now that has been dismissed.…

Confidence is a major risk factor

Confidence is a major risk factor

Confidence is a major risk factor

Confidence among businesses and consumers can make or break economies and should be factored into any risk approach, according to Craig Kiggen, regional head: Kloof KZN, Citadel. As South Africa grapples with the changeover between President Zuma and ANC leader-elect Cyril Ramaphosa, Mr Ramaphosa said: “A restoration of confidence is the quickest and cheapest form of stimulus available.” South Africa’s…

Business across Africa set for major boost as trade barriers brought down

Business across Africa set for major boost as trade barriers brought down

Business across Africa set for major boost as trade barriers brought down

The African Union is about to sign a historic agreement that will effectively tear down trade barriers across the African continent. Some 40 years in discussions, the African Union, under its newly-appointed president Paul Kagame, the current President of Rwanda, has agreed to speed up the process and will sign the pact in April at an extraordinary summit in Kigali.…

UK government presses for Africa mining investments

UK government presses for Africa mining investments

UK government presses for Africa mining investments

The UK Department for International Trade (DIT) has been promoting its Africa Infrastructure Board, which aims to put the case for choosing the UK as a partner not only to develop projects in the mining sector but to create a holistic solution that will benefit the wider community by developing the associated infrastructure around the project. Speaking at the mining…

Saham ready to offer global programmes support for companies expanding in Africa

Saham ready to offer global programmes support for companies expanding in Africa

Saham ready to offer global programmes support for companies expanding in Africa

The fact that AMRAE held the fifth meeting of its Franco-phone Club this week in Marseilles underlines the continued and rising interest in growth opportunities in Africa from French industries and corporations. The African success story may have taken something of a backward step in recent times as the Sub Saharan Africa region, in particular, was hit by falling commodity…

Trend of environmental litigation against holding corporations on the increase

Trend of environmental litigation against holding corporations on the increase

Trend of environmental litigation against holding corporations on the increase

Environmental litigation against holding corporations for environmental damage caused by their subsidiaries abroad, globally, is increasing. In England, these claims have origins in employers liability claims of the 1990s, when the workers of foreign subsidiaries began suing holding corporations in the English courts for alleged health and safety breaches. The English courts have since been presented with several environmental claims,…