Page 41 - IRMSA Risk Report 2020

LEGEND FOR INTERPRETING THE RISK ANALYSIS:

RISKS ARE DEFINED AS FOLLOWS: DUE TO [CAUSE/S] A [RISK] MAY OCCUR/MATERIALISE, WHICH WILL/COULD LEAD
TO [CONSEQUENCES]

SCENARIOS FLAGS RISK RANKING OVER LAST 5 YEARS
The ten flags we as a RANKING SCALE
The scenarios are positioned
as defined in Chapter 2 of country must watch are 10 9 8 7 6 5 4 3 2 1
this report: listed and ranked – red, or
green – based on how we
believe the specific risk
will influence the flag (if
it materialises). Viewing
SPRING OF HOPE ANNUAL RANKING
the majority of flags then
indicates in which scenario 2015 2016 2017 2018 2019 2020
we as a country will most NOT RANKED NOT RANKED
FAKE IT TILL WE MAKE IT...OR NOT? likely find ourselves, if we
do not manage the risk
effectively. The annual ranking is not a risk rating per se but an
indication of the position in which the risk was rated
PERPETUAL HANGOVER over the last five years (in comparison to other risks). For
2020, we indicate, based on our analysis, whether the risk
is improving, remaining unchanged, or deteriorating.

We provide a short description of the risk and why we believe it is important to cohesively manage it as a country, in partnership
between businesses (large and small), public service, labour and civil society, to achieve our collective goal of a risk-resilient SA,
irrespective of the political party in power.

TOP 5 CHALLENGES TO ACHIEVING TOP 5 RISK TREATMENT OPTIONS AND
TARGETS OPPORTUNITIES

We list the five challenges that prevent us from collectively We list mitigating strategies and/or opportunities related to the risk.
mitigating this risk as a country. These must be collectively pursued by all stakeholders to achieve a
better future.

FAC TS AND FIGURES
Based on the inclusive approach we believe it is necessary to create a risk-resilient SA, facts and figures from a number of
reputable sources are analysed to demonstrate the real circumstances we face for each specific risk.

Source: Name of source

EXPERT OPINION

Prominent experts in the field provided input based on the following questions for each risk:
1. In your opinion, is this risk on which you are commenting, getting better or worse?
2. What are the key indicators (flags) you regard as indicative of how this risk may play out in future?
3. Are you aware of facts that are not considered when this risk is debated in the public arena?
4. What are the key impediments to SA effectively dealing with this risk?
5. What are the key interventions you believe should be made to effectively address this risk going forward? What are the
opportunities?
6. Are there specific entities (public, private, civil society) that you think deal with this risk particularly well? Who are they? What
do they do that works?

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