Page 11 - IRMSA Risk Report 2020

CHANGES IN LEGISL ATION AND REGUL ATIONS

T OP CHALLENGES TO P TREAT MENT S

• Unconstitutional changes to legislation and • Robust and open debate and obtaining inputs
regulations to serve different (political) agendas. from relevant stakeholders before promulgating
• Regulators’ lack of proper analysis of the impact/s of legislation.
proposed legislative changes. • Active lobbying by affected parties and
• Companies are unprepared for/unaware of stakeholders to influence the legislative changes to
legislative changes. achieve a mutually beneficial outcome.
• The performance of scenario analyses to
demonstrate and understand the impact of
legislative changes.
• Companies should ensure that business strategy
is aligned with regulatory change and take future
sustainability into account.

ILL-C ONCEIVED NHI POLIC Y AND / OR SUB-OPTIM AL IMPLEMENTATION

T OP CHALLENGES TO P TREAT MENT S

• Significant capital funding (at low rates) is • Call on big business to set up low cost/affordable
required to build proper public health care capital funding to build much needed health
facilities. care facilities.
• Shortage of the general practitioners and • Robust stakeholder engagement plans and
specialists required to service all the people in SA. public awareness campaigns.
• High levels of distrust and resistance to change in • Set up proper governance, controls and
both public and private sectors. monitoring systems to ensure appropriate
• Increased potential of “underservice” to save costs service levels and manage the potentially higher
and stay within budget. corruption risk.
• Inability to eradicate systemic corruption and/or • Leverage technology to ensure control of
deal with labour issues. information, service levels, and costs across the
value chain.

ILL-C ONCEIVED L AND REFORM POLIC Y AND / OR SUB-OPTIM AL
IMPLEMENTATION
T OP CHALLENGES TO P TREAT MENT S

• Historical conflicts, emotional sensitivities, and • Basing the land reform policy on principles
politicisation of the land issue combined with the of inclusivity, social cohesion, social compact
lack of a national compact to respond and treat building, and benefits for all.
such conflicts. • Continuous, robust, and clear communication
• Uncertainty around the best way to define and to extensive stakeholder groupings to build a
then implement land reform. common purpose.
• Lack of skills, competencies, and capabilities to • Establishment of an empowered and enabled
execute any specific land reform policy. Land Reform Agency that is legitimate and
• The “wait and see” approach adopted by the credible in the eyes of all affected stakeholders
private sector, instead of robust, constructive and society at large.
participation to achieve a common purpose. • Appointing honest, credible, and competent
• Absence of legal precedent to inform policy on individuals in all public sector entities that play a
issues of land reform. role in land reform.
• Strong leadership in all levels of society –
including public sector, private sector, labour,
and civil society.

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