Risk managers must first look inwards

Risk managers must first look inwards

Risk managers must first look inwards

The future risk manager needs to engage in introspection about his or her role and ethical behaviour. According to Zanele Makhubo, chair of the Institute of Risk Management (IRM) South Africa regional group, and director: enterprise risk management at Guateng Department of Human Settlement: “Continuous sharpening of the saw is the key for success and dealing with rapid change for…

Is risk management growing up across Africa?

Is risk management growing up across Africa?

Is risk management growing up across Africa?

Independent financial services journalist Katya Stead says, ‘I have been to every IRMSA conference since they started – so why was this year different?’, as she reports from the Institute of Risk Management South Africa’s annual event While President of South Africa Cyril Ramaphosa presided over the country’s crucial job summit, a stone’s throw away, the 2018 Institute of Risk…

Survival of the fittest

Survival of the fittest

Survival of the fittest

The chances of a business surviving long into the future are that much smaller in today’s fast -moving world. In a place where reputations can be destroyed in minutes, global names disappear at the drop of a hat and millions can be wiped off the company balance sheet in seconds, it is no wonder that some of the world’s oldest…

What can the risk manager do?

What can the risk manager do?

What can the risk manager do?

As demand for greater risk management increases from the insurance industry, Christopher Palm, of the Institute of Risk Management South Africa, considers how risk managers can make themselves future-fit and win over the ears of the board Becoming creative about risk management rather than depending purely on process should enable risk managers to earn their invite to the boardroom and…

Be adaptive and learn new techniques, risk managers told

Be adaptive and learn new techniques, risk managers told

Be adaptive and learn new techniques, risk managers told

Risk managers attending the Cruywagen-Irmsa Risk Lab this year have been told to shake themselves up, along with their teams, if they are to adapt to the emerging ways of working The skills needed for sound risk management do not all come from risk management, delegates heard at the recent Risk Lab event in Cape Town. Attendees at the Cruywagen-Irmsa…

Controlling the narrative

Controlling the narrative

Controlling the narrative

Risk managers not only need to consider the global threat of climate change but also the global threat that comes from increasing communication. Berenice Francis, president of Irmsa and group commercial executive at Imperial, stressed it is crucial for all risk managers to “control the narrative” if they are to help their businesses survive the new social media era. “Those…

Keeping one eye on the future

Keeping one eye on the future

Keeping one eye on the future

Business is operating in an unusual environment and is facing uncertainty, complexity and ambiguity. That was the stark message from Ansie Ramalho, senior consultant, International Finance Corporation, when addressing delegates at the Cruywagen-Irmsa Risk Lab in Cape Town. Her words were echoed by Elias Masilela, executive chairman of DNA Economics and commissioner of the 1st and 2nd National Planning Commission.…

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