Page 64 - IRMSA Risk Report 2020

4.3.12
F AIL URE , DEL AY, AND / OR SUB-OPTIM AL IMPLEMENTATION
OF EC ONOMIC REFORM INITIATIVES

DUE TO INCREASING TECHNOLOGY ADVANCES AND COMPLEXITIES, CYBERCRIME MAY ESCALATE BEYOND
ORGANISATIONS’ CAPABILITY TO MANAGE, IMPACTING ON INDIVIDUAL ORGANISATION’S ABILITY TO OPERATE,
AND OVERALL ECONOMIC GROWTH AND BUSINESS CONFIDENCE.

SCENARIOS FLAGS RISK RANKING OVER LAST 5 YEARS

Leadership RANKING SCALE
Institutional capacity 10 9 8 7 6 5 4 3 2 1
Politics
SPRING OF HOPE
Social cohesion
National policy
FAKE IT TILL WE MAKE IT...OR NOT? Service delivery ANNUAL RANKING
Inequality 2015 2016 2017 2018 2019 2020
Economy
PERPETUAL HANGOVER
Global trends
Climate

The combination of low growth and rising unemployment means that SA’s economic trajectory is unsustainable.
Government should implement a series of growth reforms that promote economic transformation, support labour-intensive
growth, and create a globally competitive economy.
Source: Towards and Economic Strategy for SA: Economic Policy, National Treasury (2018)
TOP 5 CHALLENGES TO ACHIEVING TOP 5 RISK TREATMENT OPTIONS AND
TARGETS OPPORTUNITIES
1. The inability of Government to deal decisively with State Capture. 1. Design market-friendly policies that can attract both foreign and
2. Rising debt to GDP. local investment.
3. Falling business confidence sentiment. 2. Create viable Public-Private partnerships to deal with SOEs and boost
4. Ongoing inability by Government to deal with SOEs. investor confidence.
5. Policy uncertainty/market unfriendly policies. 3. Prioritise State spending in strategic areas such as public health and
education.
4. Implement austerity measures; re-deploy youth to invigorate State
departments; and dispose of State assets.
5. Deal decisively with State Capture through the NPA’s arrest of high-
profile individuals.

FAC TS AND FIGURES

Source: Stats SA