Tag: risk management

As exponential, digital-driven technologies transform the 4th Industrial Revolution (4IR) from a buzzword into reality, the financial services sector - and insurance in particular - face massive disruption, it starts with a radical reimagining of the very model insurance has been built on since its origins in the 14th Century, and Africa is no exception.

With 2018 having been a particularly dismal year for local equities – the worst, in fact, since the 2008 financial crisis – South African investors are increasingly opting to build and manage their own direct equity portfolios in an attempt to take back control, cut out the middle man, and ultimately save money on fees.

Boardroom efforts to make customer experience a priority is being hampered by rising costs, retention and bad debt. South African firms continue to be challenged by rising costs of customer acquisition, retention, fraud and bad debt while striving for innovation through leveraging data and AI techniques.

Surgery is becoming ever more sophisticated and complex, and the rise of the super-specialist surgeon complements a modern world in which what we know about the human body is constantly evolving and improving.

Risk management can be defined as altering the potential risks a company faces to match the risks that it desires. This entails establishing and assessing the risk appetite of the entity, meaning the amount and type of risk that an organisation is willing to take in order to meet its strategic objectives.

In July this year, Eskom released their much-delayed financial results. Poor results revealed, amongst others, a net loss of R2.3 billion and an amount of R19.6 billion that was attributed to irregular expenditure. 

The recent IODSA’ panel discussion on directors’ duties in respect to climate change highlighted the increasing realisation that directors need to factor climate change into their governance deliberations about strategy, risk management, products and services.

Loshni Naidoo | Project Director: Integrated Reporting | SAICA | loshnin@saica.co.za  | www.saica.co.za | The South African Institute of Chartered Accountants (SAICA) has signed a statement...

Navin Sing | Managing Director: Risk Advisory Africa | Deloitte | navising@deloitte.co.za | www.deloitte.com | In today’s hyper-connected world - dominated by mobile devices, social...

Businesses and public organisations lose millions of rands each year to fraud and theft, often perpetrated by their own employees. Moreover, the value that...