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In this month's newsletter:

Latest BarnOwl Insight

Auditing is a critical process for businesses and organisations of all sizes. It provides insights into financial health, compliance and operational efficiency. However, the real value of an audit is most often realised in the post-audit phase. In this article, we will explore the key steps and strategies for making the most of audit findings to drive improvements, optimise operations and ensure a positive return on investment for the audit process.

Upcoming BarnOwl Info Sharing Session

According to Eskom, there is an “extremely low likelihood” of a total grid collapse. However, if it was to happen, it would be an unprecedented national catastrophe that would result in devastating social and economic consequences and the collapse of municipal infrastructure and services, food shortages, and water problems.

 

Even though there is only an “extremely low likelihood” according to Eskom, various experts in the industry and organisations are considering contingency plans for not only a national grid failure but also the much more likely situations of continued severe load shedding for stages 4 and beyond. In addition, NERSA have proposed to increase the existing 8 stages of load shedding to 16 stages, how will this affect us going forward?

 

Speakers: Michael Davies

Date: 23 Nov 2023

Session: 09h00 - 10h00

Cost: Free

For Queries Please Email: cheryl@barnowl.co.za

BarnOwl Info Sharing Insight

Thank you very much Chris for your most informative presentation on ‘South Africa Risk Profile 2023/2024 focusing on converging crises reshaping the business agenda’ at the BarnOwl info-sharing event held on 26 October 2023. Thank you too, to all those who attended the session.

A poly-crisis is characterised by the occurrence of numerous crises simultaneously or in rapid succession, resulting in a complex and interconnected web of challenges for governments, organisations, and societies. Over the past eight years, South Africa has faced recurrent risks that have persisted and intensified, paving the way for where we are finding ourselves; Are we getting away with it?

BarnOwl Tip of the Month 

Did you know?

One of the most significant reasons for the failure of any system or process is the principle of ‘garbage in, garbage out.’ This holds true whether you are dealing with a highly sophisticated IT system or the basic tools like Excel or Word. Essentially, if you feed low-quality or irrelevant data into a system, it will produce outputs of similar quality, if not worse. In essence, a system or process inundated with poor-quality data does little more than expedite the generation of undesirable results. Such a system or process, cluttered with useless information, provides no value.