Page 39 - IRMSA Risk Report 2023

7.1 SOUTH AFRICAN PRIORITIES AND TOP RISKS 2023/24

ISO 31 000:2018 defines risk as “the effect of uncertainties on objectives.” It is therefore appropriate
to start with the high-level unpacking of South Africa’s objectives for 2023. The strategic change
required to move South Africa forward requires years, often decades of vision, leadership and
implementation of key initiatives to grow in a sustainable manner.
SECTION 1: If we listen to the content providers to this report, South Africa can realise these goals by drawing

on the energies of its people, growing an inclusive economy, building capabilities, enhancing the
capacity of the state, and promoting leadership and partnerships throughout society. The risks
presented in Section 2 are anchored in the priorities set by government for 2023.
SOUTH AFRICA

RISK SYSTEMIC FAILURE OF NATIONAL GRID

CONTEXT PUBLIC INFRASTRUCTURE GOVERNMENT WORK RESTORE ENERGY
FAILURE
1.
2.
MAKING
SECURITY
POLITICAL
INSTABILITY
6. PROLIFERATION
BUILDING OF ILLICIT
BETTER ECONOMIC
ACTIVITY
INCREASING LIVES
UNEMPLOYMENT
AND LIVELIHOOD 3.
CRISIS FIGHTING
CORRUPTION

COLLAPSE OF 5. ECONOMIC
SOCIAL SECURITY COLLAPSE
SYSTEMS MAKING
COMMUNITIES
SAFER
4.
GROWING ECONOMY
AND JOBS LARGE SCALE DISRUPTION
IMPACT OF CLIMATE CHANGE OF DIGITALLY ENABLED
AND CLIMATE ACTION FAILURE SERVICES

Graphic 1: Top risks linked to Government Priorities 2023/24.

7.2 IRMSA SOUTH AFRICA RISKS 2023/24

The risks are detailed by subject matter experts focussing on defining the risk, highlighting the top
five causes, top five consequences and suggesting five risk response strategies.

Note: It is important to recognised that for some, these risks either in totality or partially have
already become reality.

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