by Lex Kriel, Associate Director, Monique de Waal, Senior Manager and Gerber Schnetler, Manager, Deloitte
Brexit. A looming sovereign credit downgrade. Nene-gate. Weak commodity prices. These are only a few examples of recent events that have rocked the local market to such an extent that risk management has to be a key priority for corporates. With continued uncertainty in key markets such as the USA, EU and China showing no signs of abating, the days of dressing up sporadic hedges as a risk management approach are over. Volatility is here to stay.
Are risk appetite frameworks really relevant to corporates?