The South African Government is responding to the COVID-19 crisis. Business for South Africa (B4SA), a coalition of volunteer resources from across the South African business community and including leading professional services firms, has come together to support Government in managing and mitigating the impacts of the COVID-19 crisis on South Africa.
As part of this response, B4SA has performed a comprehensive risk assessment of the significant strategic risks arising from the COVID-19 crisis. Most of the risks faced are not discrete, but are interconnected and form a network of risks with cross dependencies and influences. Further, they are changing rapidly and what was at the apex in one week can become weak or irrelevant in a very short space of time. In such a situation it is not sufficient to assess the risks using only likelihood and impact.
Read more: B4SA COVID-19 Risk Findings Report