Critical infrastructure blackouts have emerged as the number one risk for businesses in South Africa for the second consecutive year, highlighting the severe impact of power outages and the failure of essential infrastructure such as ports, railways, roads and more on the economy and businesses, insurance and risk multinational Allianz says. “The closely interlinked peril of the energy crisis has climbed to the fifth position, up from sixth place in 2023. Cyber incidents continue to be the second most significant risk and business interruption continues to be the third most significant risk.