Page 16 - Risk Report 2024
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IRMSA
           16      RISK REPORT 2024/25











           Analyses of how South Africa's current socio-economic situation and risk profile affect the economic sectors that
           direcly influence people's lives, confirm that the hardest hit sectors during an economic downturn will be those
           where -
           •   new legislation is enacted;
           •   there are infrastructure shortages;
           •   industries are carbon intensive;
           •   industries are energy intensive; and
           •   industries are water intensive.

           It is strongly recommended that the sector specific information included in the Report be used to encourage
           inclusive sector and national policy debates that will result in alleviation of immediate pressures to unlock the
           economy as the basis for improving the overall quality of life for South African citizens. Leveraging economic
           value creation from the least vulnerable and most resilient sectors could provide breathing room (time, people,
           and funds) to stabilise the most vulnerable and least resilient sectors.

           In the absence of safety, survival instinct kicks in and ‘everyone is in it for themselves’. In this scenario, the only
           logical outcome is increasing poverty and decreasing safety. The only way to create safety, is for leaders at all
           levels in society to insist on the right behaviours that create safe spaces where ‘everyone is leading from where
           they stand’. If people’s behaviours don’t change, the risk profile won’t change, and our future scenarios won’t
           change. In reflecting on what most threatens our future, our concluding call is that we must find ways to do less
           bad and more good, with what we have and where we are. Our alternative is increasing acceptance of mediocrity
           and ultimate decline.








                                                                     Self-actualisation
                                                                     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
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