Opportunities and Risks
Risk management within Transnet
Transnet’s top risks for 2017
The strategic risks of Transnet are reassessed on an annual basis by considering the best available information on changes in both the internal and external environments of the organisation. Risks are evaluated and assessed on an inherent risk basis, before current controls are considered. The control effectiveness of the current basket of controls is rated by the Group Leadership Team and expressed as a percentage. This results in a residual risk rating per risk.
Transnet’s top 10 material risks for 2017 and the year-on-year movement of the top 10 risks from the prior year
In reviewing the Company’s key risks, we consider both internal and external factors to understand the interconnectedness of risks and to appreciate the possible impacts. Risk sponsors are assigned to each strategic risk to ensure mitigation strategies areas are aligned across all operations. Risks are ranked according to the residual risk rating after considering the adequacy and effectiveness of controls that mitigate those risks.