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Beneficial ownership is becoming a business continuity risk

For many business owners, beneficial ownership remains a compliance box to tick when filing an annual return. But increasingly, getting it wrong, or simply failing to keep it current, can have consequences far beyond paperwork, says Janus Joubert of JBS Advisory &...

Rethinking risk in an unpredictable yet interconnected world

The past several years has demonstrated just how quickly separate risks can combine and amplify one another. In relatively close succession, South African businesses have had to contend with a global health pandemic, periods of widespread socio-political unrest,...

Cyber resilience needs a seat at the business table

A cyber incident rarely stays in the IT department. When a critical system goes down, a supplier is compromised or data becomes unavailable, the consequences are felt across the business. By Boland Lithebe, cybersecurity lead for Accenture, South Africa Customers may...

Escalating risk demands a broader reinsurance leadership pipeline

The demands of the reinsurance sector provide a timely opportunity to consider how specialist industries can benefit from more inclusive pathways to leadership, writes Izabela Stofberg, chief underwriting officer at Santam Re. Attracting, developing and retaining the...

Reputational damage a key business risk

Nothing feeds the news cycle like a company scandal, and with social media and citizen reporting on the rise, serious blows to a company’s reputation and market value can spread in nano-seconds. The likes of BP, Goldman Sachs, Toyota, Nestle, Domino’s Pizza, and locally and more recently Eskom, Capitec, KFC, the Estate Agency Affairs Board and Lonmin are among a host of brands that have taken a reputational hammering in the court of public opinion.

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How much do risks cost?

All security budgets have limits. CSOs and other security practitioners have to continually make difficult decisions on how much risk is acceptable, which risks to mitigate, and which to accept. Jayson O’Reilly, director of sales and innovation at DRS, says because...

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