Page 156 - Risk Report 2024

IRMSA
156 RISK REPORT 2024/25

The risks reported over the last decade in context of Maslow’s hierarchy of human needs, demonstrate
that SA should solve social security and basic needs challenges with urgency, as opposed to spending
resources on ideological pursuits. Leveraging social strengths will enable an uncompromising
approach to ethical values (as opposed to creating more rules which inevitably will result in a dire
spiral of compliance cost and malicious compliance), and a zero tolerance to crime in people’s
everyday lives. These two elements alone, will create a springboard for responding to the rest of the
risks.

SELF ACTUALIZATION
Desire to become the
most that one can be.

ESTEEM
Respect, self-esteem, status,
recognition, strength, freedom.

LOVE AND BELONGING
Friendship, intimacy, family,
sense of connection.

SAFETY NEEDS
Personal security, employment,
resources, health, property.

PHYSIOLOGICAL NEEDS
Air, water, food, shelter, sleep,
clothing, reproduction.

Organisations should integrate and embed risk

management more directly into their designs and

operations, instead of treating it as a separate activity