Businesses across Africa concerned about market volatility and political risks

Businesses across Africa concerned about market volatility and political risks

Businesses across Africa concerned about market volatility and political risks

Companies operating in Africa increasingly worry about the unpredictable business environment where markets are volatile and political perils, such as protectionism or terrorism, are on the rise, according to the 6th annual Allianz Risk Barometer. Other growing concerns are digital dilemmas arising from new technologies and cyber risks (#6), as well as natural catastrophes (#7). “Most African countries such as…

German companies expecting business boost to South Africa

German companies expecting business boost to South Africa

German companies expecting business boost to South Africa

German companies are expecting increased export activity during the next few months, according to new research from credit insurer Coface. The report comes as Germany’s statistics office reported a new all-time high for total monthly exports in November, totalling €108.5bn, 5.6% more than November 2015. Export volumes have increased about 50% since the low in 2009. Export growth has been…

Inequality, tech and climate to drive risk landscape: WEF Global Risk Report

Inequality, tech and climate to drive risk landscape: WEF Global Risk Report

Inequality, tech and climate to drive risk landscape: WEF Global Risk Report

A cocktail of overlapping environmental, societal and technology risks are set to fundamentally reshape the risk landscape in coming years, according to the World Economic Forum’s (WEF) Global Risk Report 2017. Extreme weather and climate change risks dominated this year’s WEF risk ranking, with all five environmental risks monitored by the organisation featuring in the top ten for the first…

Business Interruption tops Allianz’ 2017 risk poll

Business Interruption tops Allianz’ 2017 risk poll

Business Interruption tops Allianz’ 2017 risk poll

Risk managers are “bracing for a year of uncertainty”, according to the Allianz Risk Barometer 2017 that lists the top three risks facing corporates across the world as business interruption, market developments-volatility and cyber. Business interruption retains its position as the number one business risk globally for the fifth consecutive year, finds the annual survey of over 1,200 risk experts.…

Maritime kidnaps rise to 10-year high

Maritime kidnaps rise to 10-year high

Maritime kidnaps rise to 10-year high

Global piracy levels fell to an 18-year low in 2016, but figures from the ICC International Maritime Bureau (IMB) reveal a threefold increase in the number of crew kidnapped at sea with figures reaching a 10-year high. Publishing its annual piracy report, the IMB named west Africa and the Sulu Seas route between Malaysia and the Philippines as a key…

Growing political risk among IRM’s predictions for 2017

Growing political risk among IRM’s predictions for 2017

Growing political risk among IRM’s predictions for 2017

Political risk will take centre stage in 2017 during the forthcoming period of global uncertainty and change, according to predictions from the Institute of Risk Management (IRM). “The effect on markets is unknown with the City of London and the wider stage braced for a hard Brexit and the fallout of changes to American and European political leadership,” said Nicola…

Cyber risks top concerns in South Africa

Cyber risks top concerns in South Africa

Cyber risks top concerns in South Africa

Cyber risk concerns lead the risk agenda in South Africa, according to the 6th annual Allianz Risk Barometer. The report found that businesses increasingly fear the impact of non-physical damages, market uncertainties and political perils. Companies also increasingly worry about the unpredictable business environment where markets are volatile (#2) and political perils, such as protectionism or terrorism, are on the…

Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017

Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017

Tough times predicted to continue as S&P Global Ratings publishes Sub Saharan Africa sovereign rating trends 2017

S&P Global Ratings expects economic conditions for SSA economies to remain challenging in 2017, partially because of the region’s high commodity dependence and relatively slow growth in key exports markets, including China and Europe. The prediction came as S&P published its Sub-Saharan Africa Sovereign Rating Trends 2017. S&P currently rates 17 sovereigns in Sub Saharan Africa (SSA), up from 12…

Risk managers must factor climate change into strategic thinking

Risk managers must factor climate change into strategic thinking

Risk managers must factor climate change into strategic thinking

  Adapting to climate change will be critical for Africa’s success in the future and a new World Bank plan is highlighting some of the challenges. The bank says climate change and variability significantly impact Sub Saharan Africa’s development agenda, but its new plan outlines actions required to increase climate resilience and low-carbon development in an effort to maintain current…

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