Covid-19: South African risks and opportunities

Covid-19: South African risks and opportunities

Covid-19: South African risks and opportunities

“Never let a good crisis go to waste,” said Rahm Emanuel during the 2008 global financial crisis. “This catchphrase has been reprised by many who remain optimistic despite the current challenges we find ourselves in,” noted Mighty Mhlanga, Institute of Risk Management South Africa member. “The current landscape presents one of the most perplexing and difficult environments for individuals, business…

Risk intelligence key to a sustainable future

Risk intelligence key to a sustainable future

Risk intelligence key to a sustainable future

Only by building risk-intelligent organisations will leaders be able to overcome six distinct global threats identified by the Institute of Risk Management South Africa (IRMSA). Christopher Palm, IRMSA’s chief risk adviser, suggested: “Leaders at the highest levels of the private and public sectors must embrace an enterprise-wide culture of integrated risk management to secure their future.” Looking at the threats,…

Zimbabwe organisations must raise their game on risk management

Zimbabwe organisations must raise their game on risk management

Zimbabwe organisations must raise their game on risk management

Companies in Zimbabwe must invest more in enterprise risk management (ERM), according to a new survey from the Institute of Risk Management (IRM). A baseline risk management survey in Zimbabwe, initiated by the regional group of risk professionals and conducted by Smarntha Shonhiwa and David Chimsitu from the National University of Science and Technology (NUST) Zimbabwe, revealed that organisations need…

Resilience: the secret ingredient of organisational growth

Resilience: the secret ingredient of organisational growth

Resilience: the secret ingredient of organisational growth

Risk managers should be having an ever-greater role in the business, according to one leading South African risk manager, as part of building resilience across the organisation. Businesses that want to grow without hindrance must realise that risk management and business continuity planning are no longer obligatory support functions, suggested Christopher Palm, chief risk adviser at the Institute of Risk…

Risk managers should show their value as lockdowns ease

Risk managers should show their value as lockdowns ease

Risk managers should show their value as lockdowns ease

Risk managers have been struggling to find their rightful place in many organisations but Covid-19 could prove a game-changer, according to South African risk manager Lindiwe Magobholi. “For many years enterprise risk management has struggled within some organisations, still battling to keep its seat at the roundtable, because although it is not a profit centre function it sometimes behaves as…

Risk managers have opportunity during Covid-19 crisis

Risk managers have opportunity during Covid-19 crisis

Risk managers have opportunity during Covid-19 crisis

Risk-adjusted strategy, business continuity, crisis management, disaster management and resilience – these have all been buzzwords in today’s media, business and, surprisingly, people’s day-to-day conversations. While this first global pandemic in more than 100 years presents mega challenges for businesses and society at large, it also presents opportunities for a risk manager, according to Mighty Mhlanga. A member of the…

New guide published to help risk committees carry out their role

New guide published to help risk committees carry out their role

New guide published to help risk committees carry out their role

The Chartered Governance Institute has published new terms of reference for risk committees to help guide boards through their growing risk management responsibilities. The institute is based in the UK but has members in the Republic of Ireland, as well as Crown Dependencies and associated territories. These include the Caribbean, sub-Saharan Africa, the Middle East, Mauritius and Sri Lanka. Its…

Risk managers play crucial role as lockdowns ease

Risk managers play crucial role as lockdowns ease

Risk managers play crucial role as lockdowns ease

While risk managers can play a pivotal role in helping organisations to emerge from lockdowns, they cannot afford to ignore other risks, as risk managers attending two recent webinars in South Africa heard. Liz Booth reports… Risk managers will have a crucial role to play as South Africa emerges from the Covid-19-related lockdown, believes Clem Sunter. Speaking as part of…

Advice for African risk managers on keeping safe through the Covid-19 pandemic

Advice for African risk managers on keeping safe through the Covid-19 pandemic

Advice for African risk managers on keeping safe through the Covid-19 pandemic

South African risk managers have been warned that businesses face an upturn in the threat of social unrest and crime as the country remains locked down to cope with Covid-19. The Institute of Risk Management South Africa has highlighted two of the most significant risks to have emerged from this pandemic – the potential of social unrest and a likely…

World Bank warns against shift to protectionist policies and simplified supply chains to combat coronavirus

World Bank warns against shift to protectionist policies and simplified supply chains to combat coronavirus

World Bank warns against shift to protectionist policies and simplified supply chains to combat coronavirus

The World Bank has advised national governments not to react to the rise of coronavirus (Covid-19) and its devastating impact on the global economy too hastily by raising protectionist barriers and particularly by restricting the export of badly needed food and medical products. Now is the time for the nations of the world to pull together to combat the virus…

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