Page 154 - Risk Report 2024

IRMSA
154 RISK REPORT 2024

SANELISIWE KHOWANE HORST SIMON SHARON CARSON TOTYELWA DODO CHRISTELLE MARAIS
ERM & BCM Graduate Business Risk Officer PARTNER Acting Director: Risk CRM Prof
Trainee Capricorn Group Lucidum Management Support Executive Director
eThekwini Municipality Namibia Office of the Lucidum
Accountant General

Research conducted for this Report indicated that risk culture is a key focus area that (if
focused on collectively) will enable SA to manage its risks to achieve a sustainable future.
Essentially, our social culture (made up of individuals in society) informs our organisational
cultures (the entities that can structurally respond to risks). This then leads to the risk cultures
in organisations (the way in which they optimise the management of their risks), which finally
informs Government culture (that serves the needs of our people). Being conscious of this, will
guide the country to a improve our risk response strategies.

Social Culture Organisational Culture

• How people live behave in their own lives • How business leaders and employees behave
• Determines how individuals in society react • Informs how individuals form organisations
to risk to deal with risk

Risk Culture Government Culture

• How entities think about and respond to risk • How Government leaders behave
• Becomes the specific ways in which • Becomes the way in which the State
organisations deal with risk addresses citizens' needs