Dott Risk Blog
Browse through our wide range of informative posts.
Association Risk – Are you managing it?
Association can arise from friendship, relationship, connection or involvement with a particular individual, group, club, fraternity, union, business, company or organisation. Each of these bodies have their own reputation, ethics, culture, values or ethos which...
WEF Global risk report 2020
The 15th edition of the World Economic Forum’s Global Risks Report is published as critical risks are manifesting. Click here to read the summary of the WEF Global risk report 2020.
How a single project and an associated contingent liability can bring a group to the brink.
Given the low level of construction work in South Africa, Group Five made a strategic decision some time back to diversify its contracts outside of South Africa. The subdued level of economic activity in South Africa was the driving force to generate revenues and...
Covid 19 Impact on supply chains
While Covid 9 will have a lasting impact on the global economy, the first hit came in the form of massive disruptions to supply chains, especially in industrial powerhouses like the USA, Germany and Japan This worthwhile (short) article examines what happened and what...
Good reading on the impact of Covid 19 on financial risks
A good article on how to manage risks (especially financial risks) in a COVID 19 environment. Although largely written for accountants, it is useful for business owners/ managers and worth a read. Click here to read the ifac report on Reporting and Fraud Risk Arising...
Staff fraud and lessons to be learnt – a case study
Staff fraud and lessons to be learnt – a case study I was recently told of a fraud perpetrated a few years back by a female employee of a privately owned agricultural group which saw R35 million “deviated” over a relatively short period of time, into the...
The Global Risks Report 2019
The Global Risks Report 2019, 14th Edition, is published by the World Economic Forum. The information in this report, or on which this report is based, has been obtained from sources that the authors believe to be reliable and accurate. However, it has not been...
What can you learn from the Listeriosis situation?
While the recent deadly Listeriosis outbreak in South Africa, the biggest in global history, appears to be an isolated event tracked down to specific manufacturers of processed meats such as polony, there are far wider risk implications arising from this incident....
Instilling a risk culture in your business
Instilling a risk culture in your business People and behavior are often the biggest sources of business risk. By implementing a risk culture and by focusing on good governance and compliance, you will go a long way in managing, controlling and mitigating...
Equifax – System breachs causes operational and reputation risk
Equifax Inc. learned about a major breach of its computer systems in March -- almost five months before the date it has publicly disclosed. New questions about Equifax’s timeline are also likely to become central to the crush of lawsuits being filed against the...