Risk of a natural catastrophe cannot be ignored, despite Covid-19

Risk of a natural catastrophe cannot be ignored, despite Covid-19

Risk of a natural catastrophe cannot be ignored, despite Covid-19

A natural catastrophe now would make the pandemic “incomprehensibly” worse, according to one South African risk expert. Dr Arthur Linke, a member of the Institute of Risk Management South Africa’s risk intelligence committee, a research fellow at the University of Stellenbosch Business School, and managing principal of Turricula risk advisory services, has warned: “In this time of a pandemic crisis,…

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…

Shaun Scandling named as MD of HDI Global in South Africa

Shaun Scandling named as MD of HDI Global in South Africa

Shaun Scandling named as MD of HDI Global in South Africa

HDI Global has appointed Shaun Scandling as managing director of its South African subsidiary with effect from 1 May 2020, succeeding Kurt Müller, who will step down at the end of June to retire. Mr Scandling joins HDI from AIG where he was a member of the executive committee of AIG South Africa and held various roles since the year…

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,…

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…

More than 40% of South African businesses fear they cannot continue operating through Covid-19

More than 40% of South African businesses fear they cannot continue operating through Covid-19

More than 40% of South African businesses fear they cannot continue operating through Covid-19

Construction, real estate and transport industries have been the most affected by lower-than-expected turnover following the Covid-19 outbreak, according to a new survey, which reveals 42.2% said they do not have funds to continue operating through the lockdown. Some 54% of the respondents to the survey conducted by StatsSA said they cannot survive without turnover for between one and three…

Race to feed South Africa must turn from marathon to sprint

Race to feed South Africa must turn from marathon to sprint

Race to feed South Africa must turn from marathon to sprint

The emerging lockdown risks of civil unrest and an increase in crime related to food scarcity have turned into reality, the Institute of Risk Management South Africa (IRMSA) has warned. It added that these incidents of unrest and crime are arising due to lockdown restrictions, which have caused a disruption of regular food distribution patterns and reduced or removed the…

South Africa has a week to avoid civil unrest, warns IRMSA

South Africa has a week to avoid civil unrest, warns IRMSA

South Africa has a week to avoid civil unrest, warns IRMSA

Civil unrest and a likely increase in crime are brewing if South Africa does not solve the food security problems already emerging due to coronavirus restrictions, the Institute of Risk Management South Africa (IRMSA) has warned. The IRMSA Covid-19 Risk Thinktank highlighted these risks based on risk data modelling and taking into account the unique disparities of South Africa. “It…

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…

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