The Institute of
Risk Management South Africa (IRMSA) in collaboration with the Cruywagen IRMSA
Risk Foundation hosted their annual Risk Lab event on 26 July 2013 at Monte
Casino in Johannesburg. This year’s
theme was "The rude awakening” and the event was facilitated by the well-known
ENCA news anchor and television presenter Jeremy Maggs.
The program was made up of a number of presentations
followed by a panel discussion. During panel discussions the audience got an
opportunity to pose questions and debate issues raised. A unique element
of the risk lab was the technology aspect; each table had a tablet where
comments and questions could be raised at anytime during the event. The IRMSA
team also tweeted about various activities unfolding throughout the day.
Risk Lab started
off with an insightful presentation by Cees Bruggemans, a consulting economist
for the First National Bank. His presentation explored the World Economic Forum
Global Risks for 2013 and how they affect South Africa. Bruggemans’
presentation was followed by a panel discussion (on the same topic) where he
was joined by Adrian Toms of Phambili Solutions and Gert Cruywagen from Tsogo
presentation was titled: ‘Strikes and Labour Risks’, presented by Nerine Kahn -
a director at the Commission for Conciliation Mediation and Arbitration (CCMA).
In her presentation, she used the Marikana tragedy and the De Doorns farm
worker’s strikes to argue the point that the labour landscape is changing and that
stakeholders probably need to reassess their approach. This presentation was
followed by a panel discussion where with Kahn was joined by political analyst
Justice Malala and Mark Robins from the mining sector.
presenter of the day was Justice Malala (a political analyst and eNCA presenter
of the Justice Factor). He explored South Africa’s political landscape and
possible risks in this terrain. Using the ANC Mangaung 2012 conference as his
starting point, Malala also explored a variety of factors that have influenced
our politics in the past five years and made some predictions about the future.
One of the
standout items he raised was a concern about the integrity of our institutions
and cautioned against judging local politics on the basis of individuals. The
panel that followed Malala’s political analysis was made up of Nicky Weimar (an
economist at the Nedbank Group) and Adriaan Basson (Deputy Editor at City Press)
together with Justice Malala.
covered at Risk Lab was that of ‘Anti-Corruption and Collusion’ presented by
Janette Minnaar van Veijeren from the Ethics Institute of South Africa. She not
only demonstrated how corruption affects the involved parties but also its wider
impact and consequences. She left the audience gobsmacked when she shared South
Africa’s consistently worsening ranking on the global list of corrupt nations.
She also indicated that the non-financial consequences of economic crimes are
higher in South Africa than anywhere in the world.
presentation put a spotlight on cyber-crimes and hacktivism. Prof Basie von
Solms – a director at University of Johannesburg’s Centre for Cyber Security –
presented this topic and emphasised that cyber risks are a directors problem
and should not be relegated only to a company’s IT department. He cautioned the
audience that most of South African companies are ignorant of cyber risks, stressing
that no one is immune to cyber-attacks.Dr Gert
Cruywagen was the last speaker of the day and he highlighted how human nature
supported by man’s inherent qualities in man have helped in our survival. Adding that (unguarded) some of these may be a
danger to us today. The proceedings were concluded by outgoing IRMSA President
Hennie Thessner, who thanked delegates for attending Risk Lab and
commended the IRMSA committee and teams for the great work done in organising