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Positive developments on national economic investment and technology have given South Africa major impetus in terms of improving its global risk profile, says the Institute for Risk Management South Africa (IRMSA). The challenge now says the organization is to make sure commitments are followed through timeously.
Santam, South Africa’s largest short-term insurer, has urged households to prioritise safety considerations of gas appliances, as many homes look for alternatives as means of dealing with loadshedding.
Although not new, Environmental, Social and Governance (ESG) issues have become a key focus in the last 18-24 months, in part driven by growing awareness of environmental and equity and inclusion issues, as well as the health and wellness impacts of COVID-19. The events of 2020 highlighted how ESG issues can become financial risks overnight.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?