If nothing else, 2017 provided proof positive that the unexpected does happen: South Africa’s political and economic crisis entered a new phase with the GuptaLeaks revelations, Kenya had to rerun its elections and the seemingly indomitable Robert Mugabe was forced from office in disgrace. Although the election of Cyril Ramaphosa as ANC President has could be seen as reducing risk, his ability to stem corruption, rebuild social cohesion and reignite the economy remains unclear, at best.
The ongoing GuptaLeaks saga has already compromised the reputations of several international firms, with more likely to be affected.
“GuptaLeaks is just another reminder that the risk landscape continues to develop in often unexpected ways, and it is no longer viable to see risks as discrete and separate incidents,” comments Michael Davies, CEO of ContinuitySA, Africa’s leading provider of business resilience solutions. “The materialisation of one risk is more than likely to affect the organisation’s
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