Feb 23, 2024 | Climate Change, South Africa
Insurers, reinsurers and risk managers are increasingly turning to data and tech-backed innovation to manage their exposures to climate change related extreme weather events. At the same time, allocators of capital like banks, asset managers, insurers and retirement...
Feb 16, 2024 | 2024, South Africa
South Africa is likely to see increased social unrest and violence in the coming months, even if the economy has proven remarkably resilient in the face load shedding. German financial service provider Allianz has released its first Country Risk Atlas, based on a...
Feb 9, 2024 | 2024, Climate Change, South Africa
In a recent revelation, a top official from South Africa’s largest insurer by assets, Old Mutual Ltd., highlighted the escalating threat that climate change poses to the country’s insurance sector. The impact, which has been dormant for nearly a decade leading up to...
Jan 26, 2024 | Climate Change, Floods, South Africa
In the wake of devastating floods in KwaZulu-Natal, South Africa, a critical analysis reveals the urgent need for improved urban planning. Despite frequent flood occurrences, cities lack resilient infrastructure, resulting in lives lost and extensive damage. Hope...
Nov 24, 2023 | Cybersecurity and business, South Africa
IBM Security has released its annual Cost of a Data Breach Report, showing the average data breach cost for South African organizations reached R49,45-million in 2023 – an all-time high for the report. This represents an 8% increase over the last three years and a 73%...
Sep 8, 2023 | Articles, cyber, South Africa
The Information Regulator has ordered pharmacy chain Dis-Chem to take remedial action to address a hack that led to the personal data of 3.6 million customers being breached last year, or face a fine of up to R10 million, imprisonment, or both. The Regulator issued an...
