Page 40 - IRMSA Risk Report 2020

4.3
RISK ANALY SIS

Each of the top risks are discussed in detail on the pages that follow. The impact of each risk is considered with regard to
the specific flags and how it could contribute to the realisation of a specific scenario if we as a nation do nothing about it.
Then we examine the key challenges South Africa faces and the key interventions we need to implement as a country to
progress from where we are to where we want to be. This is supported by robust research provided by our various research
partners in the report. Lastly, an eminent expert in the field of each risk provides his/her insights.

AN EXPL ANATION OF HO W T O READ OUR ANALY SIS

The purpose of our approach is to prompt the reader to think critically about his/her and his/her organisation’s approach
to each risk – not only for their own benefit but in the context of the entire system in South Africa and in conjunction
with other organisations’ present, and possible future, reactions to the specific risk. Our hope is that this will encourage
cooperation and a sense of cohesion in how we respond to the challenges we face as a country.

LEGEND FOR THE MOVEMENT OF RISK:

RISK RESPONSES RISK RESPONSES RISK RESPONSES
ARE EFFEC TIVE , ARE NO T HA VING AN ARE INEFFEC TIVE ,
AND THE RISK IS IMP A C T ON THE RISK AND THE RISK IS
REDUCING . EITHER BEC A USE OF INCREASING .
A TIME ELEMENT OR
THE EFFEC TIVENESS
OF THE RISK .

3 9