OVER the past decade, different experts, research institutions and labour organisations warned the ANC government and big businesses about potential social unrest, which some referred to as a “ticking time bomb”.
Those who sounded warning bells, based on their own Social Risk Index (SRI) studies, included Allianz and Euler Hermes, the Institute of Risk Management of SA, Stats SA, the Black Management Forum, The SMME Council, the Studies for Poverty and Inequality Institute and SA Federation of Trade Union general secretary Zwelinzima Vavi.
They cited factors such as the levels of inequality, poverty, unemployment, exclusive economic growth and the impact of the Covid-19 lockdown regulations on the poor.
In its joint study released in June last year, the Allianz and Euler Hermes warned that South Africa was likely to face…