Page 18 - IRMSA Risk Report 2023

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EXECUTIVE

SUMMARY

South Africa, like many countries, faces a multitude of risks in
the years ahead. These risks range from economic and political

instability to social and environmental challenges. In our case
however, the failure over many years to address these risks in

manageable bits, so to speak, has resulted in the country now
facing a polycrisis (i.e. the simultaneous realisation of individual

risks), with the potential consequence of becoming a Failed State
(some may believe that South Africa is already a Failed State) or a

Mafia State.

Taking this reality into account as the country strives towards
the realisation of its Vision 2030 goals, a higher level of urgency

is needed to navigate these threats and opportunities in order
to build a more prosperous, sustainable and inclusive future or

in the worst case, to prevent a Failed State or Mafia State from
materialising.

18 IRMSA RISK REPORT 2023/24