Political instability Social instability and collapse of social infrastructure Economic instability Ethnic, communal and religious crises Violence, insecurity, increasing crime wave Net capital flight Bullish, but fighting temptations
Disinvestments Over-devalued national currencies Pervasive poverty Repressive and alienating economic policies Widespread corruption Bullish, but fighting temptations
Inadequate preparation of leaders Lack of check and balances Lack of accountability Institutions used as personal property Eroded professional standards and ethics Bullish, but fighting temptations
Integrated thinking Leads to integrated decision making and actions that consider the creation of value over the short, medium and long term
We need to take a quantum leap Capability Competency Competence Confidence Credibility Too often leaders come into power with limited experience
Protecting the village Are strategic objectives valid & measurable? Do criteria represent strategic objectives? Are criteria linked to performance drivers? Is risk management approach consistent with strategic context Reporting – does it support decision making? Does the organisation need support in developing a risk management perspective?
Risk is always ready to destroy our organisations
Internal audit protects as a guardian of governance
Holding the Guardian accountable Quality Assurance Reviews Accountability against Standards and Code of Ethics
Do you walk in tandem? Are the assurance providers a functional team?
Top challenges facing organisations in Africa How can the organisation engage in long-term strategic planning that is linked to a shared vision for a sustainable future? How can we measure and value natural and social capital? How can we ensure more holistic and integrated decision-making in organisations? How can organisations integrate sustainability into strategies and business models and realise opportunities?
Top challenges facing organisations in Africa How can we create sustainable supply chains? How can organisations engage their consumers in co-creating sustainable enterprise agendas and solutions? How can organisations collaborate effectively and legitimately (also among competitors) to drive collective action for sustainability? How can we better integrate sustainability into professional training?
Top challenges facing organisations in Africa Capacity building Food security Water scarcity External debt burden International trade and payment relations Efficiency of trade relations Regional and sub-regional trade integration Concern for the poor and the vulnerable in the process of structural adjustments
Yes, I know. This may come across as a dream. In the end you are what you dream. Dreams that you dream awake. I dream awake, therefore I am. The more I dream, the more I become. I choose to pursue my wakeful dreams (PhD student. Source: Khoza, 2006:27)