Europe tops FM Global’s resilience ranking

Europe tops FM Global’s resilience ranking

Europe tops FM Global’s resilience ranking

European countries are some of the most resilient business environments in the world, according to FM Global’s 2020 ranking, which puts them ahead of the pack in staging a recovery from the current Covid-19 pandemic. FM Global says resilience “is never more critical than in a world shocked by pandemic”. It adds that the higher-ranked countries in its 2020 Resilience…

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…

IRMSA launches new measures as South African risk managers increasingly report facing personal threats

IRMSA launches new measures as South African risk managers increasingly report facing personal threats

IRMSA launches new measures as South African risk managers increasingly report facing personal threats

The Institute of Risk Management South Africa (IRMSA) has launched a series of initiatives after receiving numerous queries from risk professionals on how to handle undue pressure, unfair treatment and, in some instances, personal threats when reporting on risk in their organisations. This follows reports in the past few years in which risk managers admitted they had faced death threats…

Lessons from Covid-19 could help with climate change

Lessons from Covid-19 could help with climate change

Lessons from Covid-19 could help with climate change

Lessons learned from the global response to the ongoing coronavirus pandemic give positive signals on how the world can deal with the devastating impacts of climate change, according to the African Climate Policy Centre (ACPC). In a paper produced by the Economic Commission for Africa, ACPC says that, while momentum on climate action may be hampered by the Covid-19 crisis,…

US hands more than $311m of stolen assets back to Nigeria

US hands more than $311m of stolen assets back to Nigeria

US hands more than $311m of stolen assets back to Nigeria

The US Department of Justice has transferred $311,797,876.11 of stolen assets to the Nigerian government, forfeited from former Nigerian dictator Sani Abacha and his co-conspirators. In 2014, US District Judge John D Bates for the District of Columbia entered judgment forfeiting approximately $500m located in accounts around the world, as the result of money laundering involving the proceeds of General…

Covid-19 crisis highlights need for robust succession plans

Covid-19 crisis highlights need for robust succession plans

Covid-19 crisis highlights need for robust succession plans

Although it is recommended in King IV, succession planning is often neglected because it is an uncomfortable subject, risk experts in South Africa have warned. The Covid-19 crisis should act as a wake-up call for organisations to ensure not only that they have a plan to govern an orderly succession for key senior posts, but also an emergency backup plan,…

Two of Africa’s major economies facing economic struggles in face of Covid-19

Two of Africa’s major economies facing economic struggles in face of Covid-19

Two of Africa’s major economies facing economic struggles in face of Covid-19

Kenya and Nigeria are both struggling to keep their economies on track as Covid-19 takes a huge economic toll on the continent. The World Bank has warned Kenya’s gross domestic product (GDP) is projected to decelerate substantially in 2020 due to the negative impact of the Covid-19 pandemic. Meanwhile, the International Monetary Fund (IMF) has approved $3.4bn in emergency financial…

Signs of post-Covid-19 life emerging across Africa

Signs of post-Covid-19 life emerging across Africa

Signs of post-Covid-19 life emerging across Africa

African countries are moving to reduce the overall impact of Covid-19 as, so far, less than 1,000 deaths have been reported across the continent. However, the economic impact is expected to be immense as investors melt away and lockdown restrictions impact local economies. In its most recent forecast for the region, the International Monetary Fund reported Djibouti and Egypt are…

Confusion as South African mines return to 50% production

Confusion as South African mines return to 50% production

Confusion as South African mines return to 50% production

The South African government has eased Covid-19 lockdown restrictions for mines, permitting mines to operate at 50% capacity. However, reports from The Daily Maverick suggested problems as the mines tried to bring workers back onsite, with local police preventing access. The Sibanye-Stillwater mining company said it was following government guidance closely, which allowed for limited mining and processing at the…

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