Page 65 - 2022 IRMSA Risk Report

South Africa Top Risks

EXPERT OPINION

Prof. Jonathan Foster-Pedley Carlize Knoesen Michael Davies
Chairperson, British Chamber Chief Registrar of Deeds, Co-opted to IRMSA Risk
of Business in Southern Africa Department of Agriculture, Land Intelligence Committee
Reform and Rural Development

,ˆV >À`à >Þ] -č½Ã ˜iÜiÃÌ «œÀÌ] >` ̜ Li VœÃi` Ì܈Vi ,>“«>˜Ì >˜` ۈœi˜Ì VÀˆ“i ˆÃ > ŽiÞ ii“i˜Ì ˜i}>̈ÛiÞ
ˆ˜ ÓäÓ£] œ˜Vi `ÕÀˆ˜} Ì i ˆ˜ÃÕÀÀiV̈œ˜ >˜` Ì i ÃiVœ˜` impacting SA’s reputation as the gateway to Africa. To
̈“i >vÌiÀ > wÀi LÀœŽi œÕÌ ˆ˜ "V̜LiÀ° / i ˜>ÌÕÀi >˜` Ài}>ˆ˜ Ì ˆÃ Ài«ÕÌ>̈œ˜] À>`ˆV> ÃÌi«Ã ˜ii` ̜ Li Ì>Ži˜
iÝÌi˜Ì œv Ì i “œÀi ÀiVi˜Ì iÛi˜ÌÃ Ü ˆV >Ûi >` > ̜ Ài`ÕVi œÀ iÛi˜ iÀ>`ˆV>Ìi ëiVˆwV>Þ ۈœi˜Ì VÀˆ“iÃ
negative impact on the ports have become more and the risk of further insurrections.
Ài}Տ>À] >˜` Ì iÀivœÀi Ì i ÀˆÃŽ >à ˆ˜VÀi>Ãi`°
The good news is that there are organisations and
/ i Vœ“«iÌi à ÕÌ`œÜ˜ œv Ì i *œÀÌ œv ÕÀL>˜] individuals who try to improve the current situation and
`ÕÀˆ˜} Ì i ՘«ÀiVi`i˜Ìi` ˆ˜ÃÕÀÀiV̈œ˜ ˆ˜ ÕÞ ÓäÓ£] ܜÀŽ ÜˆÌ Ì i -œÕÌ čvÀˆV>˜ *œˆVi -iÀۈVi] «œˆÌˆVˆ>˜Ã
highlighted the vulnerability of SA’s commercial >˜` }œÛiÀ˜“i˜Ì ̜ LՈ` LiÌÌiÀ ÜVˆïið œÀi œv
>ÀLœÕÀð ÕÀL>˜] Ü ˆV >˜`ià Èä¯ œv Ì i VœÕ˜ÌÀ޽à these initiatives should be introduced and formalised
ˆ“«œÀÌ >˜` iÝ«œÀÌÃ] Ü>à vœÀVi` ̜ VœÃi vœÀ >“œÃÌ > with endorsement from the government.
ÜiiŽ] >vviV̈˜} VÀˆÌˆV>Þ ˆ“«œÀÌ>˜Ì vÕi ÃÕ««ˆià vœÀ *"*1* ˆÃ > Ãiv‡`i«i˜`i˜Ì «iœ«i Õ«ˆv̓i˜Ì
Ì i VœÕ˜ÌÀ޽à iVœ˜œ“ˆV i>À̏>˜`° - œÀÌÞ >vÌiÀÜ>À`Ã] «Àœ}À>““i ՘`iÀ œÝ> iœ° -ˆ“ˆ>À «Àœ}À>““iÃ
/À>˜Ã˜iÌ] Ì i -" Ü ˆV ÀÕ˜Ã Ì i «œÀÌÃ] Ü>à >VŽi` “ÕÃÌ Li ˆ˜ÌÀœ`ÕVi` vœÀ“>Þ] ÜˆÌ Ì i >««Àœ«Àˆ>Ìi
ˆ˜ > VÞLiÀ‡>ÌÌ>VŽ] vÕÀÌ iÀ iœ«>À`ˆÃˆ˜} Ì i VœÕ˜ÌÀ޽à w˜>˜Vˆ> ÃÕ««œÀÌ] ̜ ÃÌ>ÀÌ iµÕˆ««ˆ˜} «iœ«i ̜
seaward access points. w˜` `ˆ}˜ˆÌÞ >}>ˆ˜ >à «Àœ`ÕV̈Ûi Àœi‡«>ÞiÀà ˆ˜ Ì i

/œ Ài`ÕVi Ì ˆÃ ÀˆÃŽ] > “>œÀ V >˜}i ˆÃ ÀiµÕˆÀi`° economy.
Transnet needs to be overhauled and the National / i ˆ“«iÌÕà vœÀ V >˜}i “ÕÃÌ Li i` LÞ Ì i *ÀiÈ`i˜Ì
*œÀÌà čÕÌ œÀˆÌÞ ˜ii`à ̜ Li i“«œÜiÀi`° *ÀiÈ`i˜Ì >˜` >Lˆ˜iÌ] Ü œ à œÕ` ۈÈLÞ i˜`œÀÃi «œÃˆÌˆÛi
ÞÀˆ ,>“>« œÃ> >à “>`i > Vœ““ˆÌ“i˜Ì ̜ Ì ˆÃ steps to root out crime and protect all citizens of the
ivviVÌ° œÜiÛiÀ] >Ã ÜˆÌ œÌ iÀ ՘`iÀÌ>Žˆ˜}à “>`i VœÕ˜ÌÀÞ° *Àœ«iÀ ÛiÌ̈˜} œv “i“LiÀà œv «>Àˆ>“i˜Ì
œ˜ ˆ˜ÌiÀÛi˜Ìˆœ˜Ã >Ì œÌ iÀ -" Ã] Üi à œÕ` Li ̜ iÀ>`ˆV>Ìi VÀˆ“ˆ˜> >V̈ۈÌÞ ÜœÕ` Li Li˜iwVˆ>°
Vœ˜ViÀ˜i` >LœÕÌ Ì i >VÌÕ> iÝiVṎœ˜ >˜`ɜÀ Ì i *՘ˆÃ “i˜Ì >««Àœ«Àˆ>Ìi ̜ Ì i VÀˆ“i Vœ““ˆÌÌi` ܈
«>Vi œv iÝiVṎœ˜° 菏 ÀˆÃŽ‡“ˆÌˆ}>̈œ˜ ÃÌÀ>Ìi}ˆià “ÕÃÌ also serve as a deterrent. All citizens should be able to
be implemented within a time horizon when they are own land where they live and have a record thereof.
likely to yield the most effective results. A further All citizens should also have fair access to employment
constraint is that there needs to be political will to >˜` «>Þ Ì>Ýià ̜ LՈ` Ì i L>VŽLœ˜i œv Ì i VœÕ˜ÌÀÞ°
ˆ“«i“i˜Ì Ì iÃi Žˆ˜`à œv ÀivœÀ“ð ÕÀÀi˜ÌÞ] Ì i ÃÌ>Ìi The fundamental structure within the country to
*ÀiÈ`i˜Ì `œià ˜œÌ >Ûi Ì i ÀiµÕˆÃˆÌi iÛi œv ÃÕ««œÀÌ remove corruption and criminality will improve foreign
ÜˆÌ ˆ˜ Ì i ÀՏˆ˜} č ° č Àià Õvyi œv Ì i V>Lˆ˜iÌ Ìœ sentiment and increase trade through SA.
provide leaders with a track record of accountability
is the best chance at securing change at government
iÛi >˜` ÜˆÌ ˆ˜ -" Ã] ̜Ü>À`à i˜VœÕÀ>}ˆ˜} ÌÀ>`i vœÀ
the country.

IRMSA RISK REPORT • SOUTH AFRICA RISKS • EIGHTH EDITION 63