South Africa’s fiscal targets run the risk of not being met again
CAPE TOWN – South Africa’s fiscal targets, which are to be outlined in the national Budget next week, run the risk of not being met again unless issues of ethical leadership, corruption and skills development are addressed, Christopher Palm, the chief risk adviser of the Institute of Risk Management South Africa’s (Irmsa) said.
The risks, identified in the Irmsa annual risk report launched yesterday, were addressed in varying degrees in the State of the Nation Address (Sona) on Thursday, Palm said yesterday.
Most issues that were addressed in the Sona were also among the risks identified in the Irmsa report, such as education, health and unemployment.
“This report is a blueprint for action,” he said.
Key risks identified in the Irmsa report were: Sparseness of unified ethical and visionary leadership, private and public governance failures, failure to root out corruption, changes in legislation, ill-conceived National Health Insurance policies, land reform risks and failure to develop and retain talent.
Source: iol.co.za
