Risk Management / General

Companies should have grid collapse plans in place says South African Risk Body

While reassurances have been given that the chances of a total electricity grid collapse are low, it’s now become incumbent on the South African risk community to develop clear plans should such an event occur.

Allianz Risk Barometer 2023: Business interruption tops tourism, hospitality, and leisure industry risks

Diesel generators are not a sustainable loadshedding solution – Riskonet Africa calls on businesses to establish shared power generation nodes

With the South African power crisis reaching breaking point, South African businesses need to look beyond generators for solutions, according to leading South African risk and Insurance consultancy Riskonet Africa.

Climate, inflation and war dominate global risk landscape

The economic and political consequences of the Russia-Ukraine war have had a significant impact on the global risk outlook, elevating ‘cost-of-living crises’ to first position on a two-year risk view, and geo-economic confrontation to third. According to the World Economic Forum (WEF) Global Risks Report 2023, produced in partnership with Marsh McLennan and Zurich Insurance Group, “the first years of this decade have heralded a particularly disruptive period in human history”. The report is based on a Global Risk Perception Survey (GRPS), which “brought together leading insights on the evolving global risks landscape from over 1 200 experts across academia, business, government, the international community and civil society”.