Page 5 - 2022 IRMSA Risk Report

Overview

Table of Contents

How to Read the Report 1 Section 3: South Africa Top Risks 35

Infographic 4 ΰ£ -œÕÌ ƂvÀˆV> LiVœ“ià > v>ˆi` 40
References and Abbreviations 6 state

Executive Summary 8 Î°Ó œ“«iÌi LÀi>Ž`œÜ˜ œv 44
iÌ ˆV> >˜` i}> «Àˆ˜Vˆ«iÃ
Message from the IRMSA 12 across society
President
ΰΠ1˜“>˜>}i>Li ÜVˆiÌ> ՘ÀiÃÌ 46
Section 1: South Africa Risk 15 >˜` LÀi>Ž`œÜ˜ œv Ì i ÀՏi œv
Context >Ü

1.1 Introduction 16 ΰ{ œ“«iÌi iVœ˜œ“ˆV Vœ>«Ãi 50

£°Ó -Ì՘Ìi` «ÀœÃ«iVÌà vœÀ * 16 ΰx >VŽ œv ΈÃ ̜ i˜>Li 54
growth economic growth and recovery

£°Î "˜}œˆ˜} }iœ‡«œˆÌˆV> Ìi˜Ãˆœ˜Ã 17 Î°È >À}i ÃV>i `ˆÃÀի̈œ˜ œv 56
Vœ“«œÕ˜`i` LÞ œV> «œˆÌˆV> iVœ˜œ“ˆV >V̈ۈÌÞ ÀiÞˆ˜} œ˜
uncertainty ÃÌ>Li ÃÕ««Þ œv ṎˆÌˆiÃ

£°{ “«>VÌ œ˜ ÜVˆ> Vœ iȜ˜ 17 롂 >À}i ÃV>i ˆ˜ÌiÀÀի̈œ˜ œv 58
`ˆ}ˆÌ>Þ i˜>Li` ÃiÀۈVià >˜`
£°x -Õ««Þ‡V >ˆ˜ `ˆÃÀի̈œ˜ >˜` 18 economic activity
Ì i œV>ˆÃ>̈œ˜ œ««œÀÌ՘ˆÌÞ
ΰn iLˆˆÌ>̈˜} œÃà œv ÌÀ>`i 62
£°È ÞLiÀ Ì Ài>Ìà >˜` 18 Li˜iwÌÃ Ì ÀœÕ} -Ƃ «œÀÌà ˆ˜Ìœ
œÀ}>˜ˆÃ>̈œ˜> Àiȏˆi˜Vi Africa

1.7 Opportunities amidst the 19 ΰ™ ˜>`iµÕ>Ìi Ài뜘Ãi ̜ 64
`ˆÃÀի̈œ˜ ‡ i“LÀ>Vˆ˜} VÕÀÀi˜Ì >˜` vÕÌÕÀi Vˆ“>Ìi
ÌiV ˜œœ}Þ change impacts

£°n / i ÀˆÃi œv - ‡ vœVÕà œ˜ 19 Section 4: IRMSA’s Call to Action 69
Vˆ“>Ìi ÀˆÃŽ
4.1 Introduction 70
£°™ ÀˆÌˆV> ˆ“«œÀÌ>˜Vi œv ÃÌÀ>Ìi}ˆV 21
foresight {°Ó œ“«iÌi˜VÞ «Àœwi 71

£°£ä œÃˆ˜} Ài“>ÀŽÃ 21 {°Î i˜iwÌà œv LՈ`ˆ˜} Ì i ÀˆÃŽ 71
management competency
Section 2: South Africa Scenarios 23 «Àœwi

2.1 How do we create a future in 24 {°{ iˆÛiÀˆ˜} Ì i ÀˆÃŽ 71
Ü ˆV > VˆÌˆâi˜Ã V>˜ «ÀœÃ«iÀ¶ management competency

2.2 IRMSA’s scenarios for South 26 «Àœwi
Africa Acknowledgements 73

Ó°Î œ˜VÕȜ˜ ÎÓ

IRMSA RISK REPORT • SOUTH AFRICA RISKS • EIGHTH EDITION 3