Tag: risk management

As increasingly more investors begin to question the purpose and impact of their investments, beyond a singular focus on return, unlisted alternative assets have demonstrated how supporting environmental, social, and corporate governance (ESG) principles can generate solid returns for investors, while also having a tangible, positive and lasting impact.

Diversity and innovation will be key in the future of asset managers in South Africa as the client base evolves to more multicultural and multifaceted millennials. In South Africa, millennials represent the largest generation to enter the workforce – more than 50% of the workforce in 2020, and 75% by 2030.

The IT landscape in South Africa is facing some of its biggest shifts yet, and businesses must be ready to adapt accordingly. Adjusting to technological advancement will certainly bring new challenges in the form of security and compliance, but agile businesses that are ready to make the necessary changes will benefit greatly from this fast-changing dynamic.

With the commencement of Level 3 of COVID-19 lockdown on 01 June, many employers are feeling overwhelmed with their obligations to meet the regulatory requirements and ensure the health and safety of those employees, who have returned to work, and are needing assistance in establishing the various protocols for the prevention of the spread of COVID-19 in the workplace.

COVID-19 creates a moment of truth for corporate culture. Cultural change is essential in this era of pandemics and business transformation. It is the invisible glue that holds the organisational organism together. It is also a large amorphous cloud, which gets its shape from beliefs, norms, values and behaviour.

Nationally, on 1 May 2020, South Africa will move from its current position at level 5 to level 4. This means that all essential services will be able to continue operating together with the following additional sectors: food retail stores will be permitted to sell full line of products, agriculture, forestry, mining, financial and professional services, postal and telecommunications services, information technology services and formal waste recycling services.

Security, and particularly internal security, is vital to the wellbeing of any organisation and industry. Internal security plays a crucial part in the company structure. This is due to internal threat often being an organisation’s highest risk. Esteemed company leaders and managers are often aware of this liability.

Markets are walking on eggshells as the outbreak of coronavirus disease (COVID-19), first reported from Wuhan, China in late December 2019, is wreaking economic havoc. Data from the world’s second largest economy shows a plunge in business activity in the last month, including massive declines in passenger traffic, electricity generation, shipping volumes and real estate transactions.

The Institute of Risk Management South Africa (IRMSA) has launched its sixth annual risk report, the IRMSA Risk Report SOUTH AFRICA RISKS 2020.

The R7.1million claim that was recently filed against Woolworths, after a customer stumbled and fell over a packing crate, once again brings the growing liability risks faced by South African businesses into focus. Personal injury claims are increasing in severity with each passing year. Looking at our own statistics, the average intimated values for personal injury (slip-and-trip) claims have risen from R172,600 to R270,690 between 2016 and 2018.