Page 56 - 2022 IRMSA Risk Report
P. 56

SECTION 3: South Africa Top Risks continued

          3.5  LACK OF SKILLS TO ENABLE ECONOMIC GROWTH AND RECOVERY
           Õi  ̜  ˜>̈œ˜>  «œˆVÞ  >˜`  VÕÀÀˆVՏՓ  “ˆÃ>ˆ}˜“i˜ÌÃ]  ˆ“ˆÌi`  vœVÕà  œ˜  ΈÃ  ̅>Ì  >Ài  >˜`  ܈  Li  ˆ˜
          `i“>˜` >˜` «œœÀ >`œ«Ìˆœ˜ œv `ˆ}ˆÌ>ˆÃ>̈œ˜] -č `œià ˜œÌ …>Ûi ̅i ΈÃ ˆÌ ˜ii`à >Ì Ì…i ̈“i ̅>Ì ˆÌ
          needs them. It fails to correct the structural challenges in the economy and to grow the economy with
          the potential consequence of further economic decline and ultimately complete economic collapse.

                                  FLAGS             r  ÕÀÀi˜Ì  r ÕÌÕÀi  SUCCESS STORY


                                  FLAGS                       C  F
                                    č  ,-  *
                    OWNING          -/ /1/ " č   č*č  /9                  A manufacturing facility aimed at producing
                    OUR           *"  /  -                                Û>VVˆ˜>̈œ˜Ã    ̜  Ã̜«  ̅i   "6    £™  «>˜`i“ˆV
                    FUTURE
              SCENARIOS  FAKE IT    č/ " č  *"   9                         ˆœ /iV…  >LœÀ>̜Àˆià  ܈  V>ÀÀÞ  œÕÌ  ̅i  w˜>
                                                                          …>à  Lii˜  >՘V…i`  ˆ˜   >«i  /œÜ˜°  *wâiÀ  >˜`
                                  -"  č   "  - "
                                                                          stage of production of their vaccines against
                    UNTIL WE
                                                                           "6    £™  ˆ˜   >«i  /œÜ˜  vÀœ“  ÓäÓÓ]  ̜  >À}iÞ
                    MAKE IT, OR
                                  - ,6        6 ,9
                                                                          supply the African continent where the lack of
                    NOT
                                     +1č  /9
                    PERPETUAL
                    HANGOVER        " " 9                                 doses slows down the immunisation campaign.
                                    " č  /,   -                  NA
                                      č/    č
            `ÕV>̈œ˜ `iwVˆÌà “i>˜ ̅>Ì -č >}à ˆ˜ ˆÌà ÌÀ>˜ÃvœÀ“>̈œ˜ ̜ > Ž˜œÜi`}i‡L>Ãi` >˜` ˆ˜˜œÛ>̈œ˜ iVœ˜œ“Þ°  Ì ˆÃ >à ˆ“«œÀÌ>˜Ì vœÀ LÕȘiÃÃ
           i>`iÀà ̜ }À>ë] VœiV̈ÛiÞ] >à ˆÌ ˆÃ vœÀ i`ÕV>̜ÀÃ] “>˜>}iÀà >˜` > ÌÞ«ià œv ܜÀŽiÀà >˜` ÃÌÕ`i˜Ìð  ÕȘiÃà ÃV…œœÃ “ÕÃÌ «>Þ Ì…iˆÀ ۈÌ>Þ
           important role in shaping the kind of leaders SA will need to enable economic recovery and inspire the growth SA needs to sustain that.
            œL> `ˆ}ˆÌ> i`ÕV>̈œ˜] ˆÃ À>«ˆ`Þ LiVœ“ˆ˜} «iÀÛ>ÈÛi >˜` >VViÃÈLi] «ÀœÛˆ`ˆ˜} >˜ ˆ“«œÀÌ>˜Ì œ««œÀÌ՘ˆÌÞ Ì…>Ì ˆÃ ˆ“«iÀ>̈Ûi ̜ -č½Ã vÕÌÕÀi°
            “«œÞ>LˆˆÌÞ ­Ì…i >LˆˆÌÞ œv ܜÀŽiÀà ̜ “iiÌ Ì…i ˜ii`à œv ̅i >LœÕÀ vœÀVi® ˆÃ VÀˆÌˆV> >˜` ÀiµÕˆÀià ̅i Vœ˜Ìˆ˜ÕœÕà ի}À>`ˆ˜} œv ΈÃ] iëiVˆ>Þ
           ˆ˜ ÃiV̜Àà ̅>Ì iÝ«iÀˆi˜Vi À>«ˆ` ÌiV…˜œœ}ˆV> >˜` œÀ}>˜ˆÃ>̈œ˜> V…>˜}i ̜ >ۜˆ` œL܏iÃVi˜Vi œv …Õ“>˜ V>«ˆÌ>° -ŽˆÃ ŜՏ` Li >VµÕˆÀi
           L>Ãi` œ˜ > ëiVˆwV Έ ÃiÌ Ì…>Ì ˆÃ ˆ˜ `i“>˜` >à Üi >à «iÀܘ>ˆÌÞ] «ÀiviÀi˜Vià >˜` ÀiiÛ>˜Vi ̜ ̅i wi` œv ܜÀŽ°


          TOP 5 CHALLENGES TO ACHIEVING TARGETS                    TOP 5 RISK TREATMENT OPTIONS AND
                                                                   OPPORTUNITIES
       £°      ˆÃ>ˆ}˜i`  ÕÀÀˆVՏ>\ ΈÃ “ˆÃ“>ÌV…i` vœÀ VÕÀÀi˜Ì Û>V>˜Vˆià   £°     1«ÃŽˆ i`ÕV>̈œ˜ >˜` ÌÀ>ˆ˜ˆ˜} ˆ˜Ã̈ÌṎœ˜Ã >˜` i`ÕV>̜ÀÃ] >˜`
          >˜` vÕÌÕÀi œLÃÆ >˜` ˆÀÀiiÛ>˜Vi ̜ ̅i i݈Ã̈˜} >˜` vÕÌÕÀi   ˆ˜˜œÛ>Ìi]  ˆ˜VÕ`ˆ˜}  Li˜V…“>ÀŽÃ  ܈̅  ÃÕVViÃÃvՏ  VœÕ˜ÌÀˆið
          iVœ˜œ“Þ°                                                  Ƃ`œ«Ì > VՏÌÕÀi œv ˆviœ˜} i>À˜ˆ˜} >˜` Ài‡i>À˜ˆ˜}°
       Ó°     -Ƃ½Ã  ˆ˜>LˆˆÌÞ  ̜  `iÛiœ«  >˜`  ÃÕÃÌ>ˆ˜  >˜  >}Àii`  Vœ““œ˜   Ó°     ,i`ÕVi  `i«i˜`i˜Vi  œ˜  ÜVˆ>  }À>˜Ìà  >˜`  VÀi>̈˜}  >˜
          >}i˜`>  œ˜  ëiVˆwV  ˜>̈œ˜>  ˆÃÃÕià  >˜`  >  “ˆ˜ˆ“Õ“    i˜ÛˆÀœ˜“i˜Ì vœÀ Ãiv‡ÃÕÃÌi˜>˜Vi >˜` v>VˆˆÌ>̈˜} œV> iVœ˜œ“ˆV
          «Àœ}À>““i ̜ >``ÀiÃà Ã>“i°                                `iÛiœ«“i˜Ì°
       ΰ      ˆ}ˆÌ> `ˆÛˆ`i\ >VViÃà ̜ ÌiV…˜œœ}Þ >˜` ˆ˜˜œÛ>̈Ûi «ÀˆÛ>Ìi   ΰ      ˜VÀi>Ãi  ̅i  ÕÃi  œv  }œL>  `ˆ}ˆÌ>  i`ÕV>̈œ˜  LÞ  «ÀœÛˆ`ˆ˜}
          ˆ˜Ã̈ÌṎœ˜Ã°                                             vÀii  É  >vvœÀ`>Li  ˆ˜ÌiÀ˜iÌ  >VViÃð  -Õ««œÀÌ  ivviV̈Ûi  V…>˜}i
       {°      i˜iÀ> ˆ“ˆÌ>̈œ˜Ã ̜ “œ`iˆ˜} œVVÕ«>̈œ˜> `i“>˜` >˜`   >˜`  ÌÀ>˜ÃvœÀ“>̈œ˜  ˆ˜ˆÌˆ>̈ÛiÃ]  ̅ÀœÕ}…  ivviV̈Ûi  «œˆVÞ
                                                                    ˆ“«i“i˜Ì>̈œ˜ >˜` Vœ““Õ˜ˆÌÞ ˆ˜ÛœÛi“i˜Ì°
          ëiVˆwV ˆÃÃÕi ܈̅ ̅i “i̅œ`à ÕÃi` ̜ Vœ˜ÃÌÀÕVÌ Ì…i ˆÃÌ œv
          œVVÕ«>̈œ˜Ã ˆ˜ …ˆ}… `i“>˜`°                           {°      i«œÞ ivviV̈Ûi “i̅œ`œœ}ˆià ̜ ˆ`i˜ÌˆvÞ >˜` `iÛiœ« ÃV>ÀVi
       x°     -iÛiÀi  V>«>VˆÌÞ  Vœ˜ÃÌÀ>ˆ˜Ìà  >˜`  >VŽ  œv  ՘ˆÛiÀÈ̈ià  Ûà   >˜`  ÀiiÛ>˜Ì  ΈÃ  ̜  ̅i  iVœ˜œ“Þ  ˆ˜  ̅i  ŜÀÌiÃÌ  ̈“ivÀ>“i
                                                                    «œÃÈLi°
          ˆ˜>`iµÕ>Ìi ṎˆÃ>̈œ˜ œv /6 /  œi}ið
                                                                x°      Ո` >``ˆÌˆœ˜> ՘ˆÛiÀÈ̈ià >˜` Ài‡ˆ˜Ûi˜Ì /6 /  œi}ià ˆ˜ ˆ˜i
                                                                    ܈̅ ̅i LiÃÌ ˆ˜ ̅i ܜÀ` i°}°] -܈ÌâiÀ>˜` œÀ  iÜ <i>>˜`
          FACTS AND FIGURES

          U     *œÛiÀÌÞ >˜` ˆ˜iµÕ>ˆÌÞ Vœ˜Ìˆ˜Õi ̜ Li ÌÀ>˜ÃviÀÀ>Li ̅Õà «iÀ«iÌÕ>̈˜} >˜ ˆ˜>LˆˆÌÞ Ìœ vœÃÌiÀ > VՏÌÕÀi œv …Õ“>˜ Àˆ}…Ìà >˜` iµÕ>ˆÌÞ°
          U     /…i >}}Ài}>Ìi À>Ìi œv ՘i“«œÞi` }À>`Õ>Ìià ˆ˜ -Ƃ ˆÃ ™°Î¯] {ä°Î¯ œv ܅ˆV… >Ài LiœÜ Ó{ Þi>Àà œv >}i] £x°x¯ >Ài >}i` LiÌÜii˜
              Óx >˜` Î{] >˜` x°{¯ >Ài >}i` LiÌÜii˜ Îx >˜` È{°
          U    Àœ“ > V>Ãà œv £ää “>ÌÀˆVՏ>˜Ìà ˆ˜ ÓäÓÓ] œ˜Þ È Üˆ }À>`Õ>Ìi vÀœ“ ՘ˆÛiÀÈÌÞ ˆ˜ ÃˆÝ Þi>Àð
          U   Èn¯ œv “Õ˜ˆVˆ«>ˆÌˆià >VŽ ΈÃ >˜` Îä¯ >VŽ ΈÃ ܅ˆi Û>V>˜Vˆià Ài“>ˆ˜ ՘wi`°

          SOURCES

          https://www.dailymaverick.co.za/opinionista/2021-09-16-calling-all-unemployed-and-underemployed-graduates-make-your-voices-heard-on-1-
          november/#:~:text=The%20Statistics%20South%20Africa%20(Stats,aged%20between%2035%20and%2064.
          https://www.investopedia.com/articles/economics/12/employability-labor-force-economy.asp
          …ÌÌ«Ã\ÉÉÜÜÜ°>vÀˆV>˜iÜðVœ“ÉÓäÓ£ÉäÇÉӣɫwâiÀ‡Ìœ‡«Àœ`ÕVi‡VœÛˆ`‡£™‡Û>VVˆ˜iLj˜‡ÃœÕ̅‡>vÀˆV>
      54   IRMSA RISK REPORT • SOUTH AFRICA RISKS • EIGHTH EDITION
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