About the Research
The recent Enterprise Risk Management (ERM) survey was conducted among seasoned professionals specializing in risk management, compliance, audit, and corporate sectors across various industries in South Africa. A total of 110 participants completed the comprehensive survey, providing insights into the current trends, challenges, and best practices in ERM. The survey aimed to explore how organizations are evolving their risk management frameworks, leveraging technology, and navigating key risks. Responses were collected between October 1 and October 22, 2024.
Section of this article include:
Industry participants
Risk management evolution
Risk management methodologies and tools
South African business risk
Leveraging technology
Challenges in integrating technology solution
Exhibit
We surveyed 110 professionals in risk management, compliance, audit, and corporate sectors across 14 industries in South Africa.
Total survey respondents by industry,
The survey gathered insights from a diverse range of industries, reflecting a comprehensive perspective on Enterprise Risk Management ERM practices within South Africa. The largest segment of respondents came from the public sector, including government and municipal entities, highlighting the sector’s critical focus on regulatory compliance and risk management. This was followed closely by financial services (banking, insurance, and investment), a sector that continually faces evolving risks like cybersecurity threats and regulatory pressures. Other significant participants represented legal & professional services, technology, manufacturing, energy & utilities, and transportation & logistics industries, among others.
What’s in the Full Report
Risk management methodologies and tools - The responses, collected provide a clear picture of which tools are considered most effective today.
South African business risk -The survey responses provide valuable insights into the most pressing challenges that companies in South Africa face today, highlighting not only common concerns but also sector-specific issues.
Infographics & Visualizations Engaging visuals that make complex data easy to digest.
Expert Analysis & Recommendations Strategies to improve your ERM framework.
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