Page 12 - Risk Report 2024

IRMSA
12 RISK REPORT 2024/25

South Africa’s risk themes have changed little over 10 years of reporting. Responses to those risks have not kept
pace with the increasing risk levels, so that the overall risk profile affecting ordinary citizens today, has become
more critical in terms of Maslow’s hierarchy of human needs: Citizens are worried about more basic needs, such
as access to water, and food security appearing on the risk profile for the first time. Energy, logistics, and the
skills to run a functioning economy remain high. In response, the risk themes were considered along a scale of
‘get it right’ (optimise and transform} and ‘do it right’ (to be strategic and sustainable):
• Optimise: strengthen/leverage what exists
• Transform: unlock existing capabilities
• Strategy: influence national strategies
• Sustainability: take deliberate long-term views and action

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