|
|
South Africa: Deloitte Steels Business for Crisis
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
Business Day (Johannesburg)
9 May 2008
Posted to the web 9 May 2008
David Christianson
Durban
The load- shedding crisis and other threats have made local business much more receptive to the idea of organisational resilience, Deloitte's Financial Directors Forum heard yesterday.
"Traditional methods of managing risk are no longer adequate," said Deloitte's director of enterprise risk services, Kris Budnik.
The speakers -- Deloitte consultant Mergen Reddy and Absa head of audit Wayne Reid -- argued that diversification of supplier sources, production sites, product lines and revenue had become more important.
"You have to act in advance," said Budnik.
"If there's already been a business disruption, it's too late."
The Durban seminar was the first of three. Others will be held in Johannesburg and Cape Town next week.
|
Budnik listed load-shedding, the skills shortage, the global subprime crisis, high interest rates, a sliding rand and HIV/AIDS as factors making companies a receptive audience.
Reddy said new proactive methods of risk-management were part of the general mind-shift that was required.
"We have to accept that we're an emerging market and that our competitors are the likes of India, Russia, Brazil, Chile and China."
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 Business Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
