Page 3 - 2022 IRMSA Risk Report

Overview
HOW TO READ THE IRMSA RISK REPORT SOUTH AFRICA

RISKS 2022

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country, its organisations and therefore citizens, can prosper.
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̜«Ã ÀˆÃŽÃ ̜ Ì i >V ˆiÛi“i˜Ì œv Ì i >̈œ˜> iÛiœ«“i˜Ì *>˜ 6ˆÃˆœ˜ ÓäÎä }œ>Ã >˜` Vœ˜œ“ˆV ,iVœÛiÀÞ >˜` ,iVœ˜ÃÌÀÕV̈œ˜
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functions, to succeed.

SECTION 1 SECTION 2 SECTION 3 SECTION 4
SOUTH AFRICA SOUTH AFRICA SOUTH AFRICA IRMSA’s CALL
RISK CONTEXT SCENARIOS TOP RISKS TO ACTION

MARK VICTOR CHRISTELLE MARAIS QINISO MTHEMBU AND CHRISTOPHER PALM
TOTYELWA DODO

IN WHAT RISK CONTEXT HOW DO WE INFLUENCE THE WHICH RISKS DOES SOUTH WHICH SKILLS AND
MUST WE BUILD A BETTER FUTURE THROUGH BETTER AFRICA FACE AND HOW COMPETENCIES DO WE NEED
SOUTH AFRICA? RISK MANAGEMENT? SHOULD WE MITIGATE THEM? TO DEPLOY URGENTLY?
Six prominent South African *Àœ>V̈Ûi ÀˆÃŽ “>˜>}i“i˜Ì The top risks for South Africa are South Africa has to respond
i>`iÀà «ÀœÛˆ`i ˆ˜Ãˆ} Ì ˆ˜Ìœ remains a key driver of our ˆ`i˜Ìˆwi` >˜` >˜>ÞÃi` >}>ˆ˜ÃÌ ÜˆÌ ÀˆÃŽ ˆ˜Ìiˆ}i˜Vi >˜`
the current risk context of VœÕ˜ÌÀ޽à >LˆˆÌÞ Ìœ VÀi>Ìi > vÕÌÕÀi œÕÀ >̈œ˜> iÛiœ«“i˜Ì Àiȏˆi˜Vi ̜ >ۜˆ` Ì i ˆ““ˆ˜i˜Ì
South Africa. ˆ˜ Ü ˆV > VˆÌˆâi˜Ã V>˜ «ÀœÃ«iÀ° *>˜ 6ˆÃˆœ˜ ÓäÎä >˜` Vœ˜œ“ˆV consequences we face if the
They share the risk response The scenarios we face and the Recovery and Reconstruction ÀˆÃŽÃ ˆ˜VÕ`i` ˆ˜ Ì ˆÃ Ài«œÀÌ
strategies that they consider y>}à Üi “ÕÃÌ Ü>ÌV ̜ ˆ˜vœÀ“ *>˜ œLiV̈Ûið / i ÀˆÃŽÃ >Ài ˆ˜VÀi>Ãi vÕÀÌ iÀ œÀ “>ÌiÀˆ>ˆÃi° ˜
˜iViÃÃ>ÀÞ Ìœ VÀi>Ìi > LiÌÌiÀ Õà œv Ì i ÃVi˜>Àˆœ «>ވ˜} œÕÌ not new, however, they have >``ˆÌˆœ˜] Ì i Vœ“«i݈ÌÞ Üi v>Vi
future. V>˜ >ÃÈÃÌ œÀ}>˜ˆÃ>̈œ˜Ã ̜ >ˆ}˜ È}˜ˆwV>˜ÌÞ iÃV>>Ìi` ȘVi “>Þ LÀˆ˜} ˜iÜ ÀˆÃŽÃ ̜ Ì i Ì>Li
their efforts and resources more a year ago and urgent action ˆ˜ > ÛiÀÞ Ã œÀÌ Ìˆ“i vÀ>“i] Ü ˆi
ivviV̈ÛiÞ ̜ “>Ži Ì i «ÀiviÀÀi` ˆÃ ÀiµÕˆÀi` ̜ ˆ“«i“i˜Ì the existing risks remain. We
scenario come true. We must corrective measures to steer “ÕÃÌ LՈ` >˜` `iˆÛiÀ Ì i ÀˆÃŽ
ܜÀŽ ̜Ü>À`à œ˜i vÕÌÕÀi LÞ -Ƃ ˜V½Ã ÌÀ>iV̜ÀÞ ÌœÜ>À`à governance, risk management
understanding our current the achievement of the stated >˜` ÀˆÃŽ i>`iÀà ˆ« ΈÃ >˜`
Ài>ˆÌÞ] Ì i ÃVi˜>ÀˆœÃ Ì >Ì “>Þ œLiV̈Ûið "ÕÀ œ˜Þ œ«Ìˆœ˜ ˜œÜ competencies we need in the
«>Þ œÕÌ >˜` œÜ Üi V>˜ Ài>ˆÃi >à ÀˆÃŽ “>˜>}iÀà >˜` i>`iÀà à œÀÌiÃÌ Ìˆ“i «œÃÈLi ̜ «ÀiÛi˜Ì
a preferred scenario. in organisations hoping to œÕÀ vÕÌÕÀi vÀœ“ ψ««ˆ˜} >Ü>Þ
ˆ˜yÕi˜Vi Ì i vÕÌÕÀi œv -œÕÌ vÀœ“ Õà vœÀ > ÛiÀÞ œ˜} ̈“i°
ƂvÀˆV> «œÃˆÌˆÛiÞ] ˆÃ ̜ `iw˜i
>˜` ëii`ˆÞ ˆ“«i“i˜Ì ÀˆÃŽ
“ˆÌˆ}>̈˜} ÃÌÀ>Ìi}ˆiÃ Ì >Ì Üˆ
“œÛi Ì i y>}Ã Ì >Ì ˆ˜yÕi˜Vi Ì i
scenarios in the right direction. If
“We need to work together to Üi `œ˜½Ì >ˆ}˜ œÕÀ ÀiÜÕÀVià ̜
ˆ˜yÕi˜Vi Ì i y>}Ã] Üi >Ûi ˜œ
build the South Africa we want.” hope of avoiding a regression
̜ Ì i ¼*iÀ«iÌÕ> >˜}œÛiÀ½
Thuli Madonsela ÃVi˜>Àˆœ >˜` LÞ Ì i˜ Üi ܜՏ`
have run out of the resources to
ÀiVœÛiÀ LivœÀi ÓäÎä°

IRMSA RISK REPORT • SOUTH AFRICA RISKS • EIGHTH EDITION 1