Against a backdrop of local and global political, social, and economic uncertainty, The Institute of Risk Management South Africa (IRMSA) releases the 10th edition of its highly anticipated Risk Report on the 2nd of July at the Johannesburg Country Club in Woodmead

The engineering, construction, and real estate sector is facing significant challenges in the year ahead, with Natural catastrophes and Fire, explosion risks emerging as the primary concerns, according to the Allianz Risk Barometer. It is followed by Business interruption (28%), Macroeconomic developments (21%) and Cyber incidents (19%).

There’s also concerns around the heightened risk for civil unrest and riots in the run-up, and even post elections, with the riots of July 2021 a stark reminder of how quickly a match can explode into a multi-billion Rand economic catastrophe and reputational disaster, and how truly unprepared we were for the fallout.

Cyber incidents have emerged as the top risk faced by the hospitality, leisure, and tourism sector in 2024, according to the Allianz Risk Barometer. The report, based on insights from over 3,000 risk management professionals and business leaders, emphasizes the critical need to address these risks to ensure business continuity and protect against potential disruptions.

With an unprecedented ‘super-cycle’ of elections in 2024, almost half the world’s populations will go to the polls before the year is out. According to a new report from Allianz Commercial, security is a concern in many territories

Most recently, newly appointed Electricity Minister, Kgosientsho Ramokgopa, made the bold assertion that the anticipated improvement in the electricity supply would make his role redundant by the end of the year. Data on Eskom’s medium-term outlook, however, suggests that it may not yet be time for South Africa’s commercial and industrial (C&I) companies to abandon their contingency plans to ensure security of supply.