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RISK REPORT 2020 - Transnet

RISKREPORT20201 Our new risk management approach2 Procurement2 Safety2 Security risk challenges and mitigation strategies2 Ethics risk and disciplinary processes3 Brand and reputational risks4 Material risks and opportunities4 Opportunities arising from material matters4 Transnet s risk management process and architecture6 Positioning of risk clusters and risk movements7 Risk impacts and management strategies12 Risks taken outside tolerance levels12 The governance of risk13 Assurance oversight: 2020 and beyond14 Emerging risksContentsStrategic focus areasFinancial sustainabilityCapacity creation and maintenanceIndustrialisationOperational excellenceHuman capital managementOrganisational readinessSound governance and ethicsConstructive stakeholder relationsSocio-economic developmental outcomesSocio-economic developmental outcomesEmploymentSkills developmentIndustrial capability buildingInvestment leverage and private sector participationRegional integrationTransformationHealth a

King IV Report on Corporate Governance for South Africa 2016. Transnet Risk Report 2020 1 Our new risk management approach State Capture undoubtedly harmed Transnet’s reputation as a State-Owned Company. Inconsistent ‘tone at the top’ and poor enforcement of an ethical

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