[TYPE THE COMPANY NAME]
RSK2601 Assignment 1
(COMPLETE ANSWERS)
Semester 2 2025 - DUE 28
August 2025
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,Exam (elaborations)
RSK2601 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 28
August 2025
Course
Enterprise Risk Management (RSK2601)
Institution
University Of South Africa (Unisa)
Book
Simple Tools and Techniques for Enterprise Risk Management
RSK2601 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 - DUE 28
August 2025; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Mr. Khumalo has just been appointed as the new CEO of Local Coal Mining
Ltd. He approaches you as the risk manager to gain a better understanding
of the implementation of risk management in the company. What challenges
might Ubuntu Holdings face in implementing ERM and how can they be dealt
with? Briefly describe the difference between an enterprise risk management
framework, policy and process to Mr. Khumalo to give him a better
understanding of the implementation of risk management in Local Coal
Mining Ltd. Mrs Vilakazi has just been appointed as the new CEO of Local
Coal Mining Ltd. She approaches you as the risk manager to better
understand the implementation of risk management within the company.
Compile a report addressed to Mrs Vilakazi in which you briefly explain the
difference between an ERM framework, policy, and process. (Explain the
difference between risk removal and risk transfer. Use examples to explain
your answer. How does utility theory explain the differences in risk
perception between groups and individuals? Identify one strength of Harvest
Hub and explain how it contributes to the retailer's success. How does the
King IV Report on Corporate Governance support ERM in South African
organisations such as Ubuntu Holdings? ( What is one key weakness that
Harvest Hub faces, and how could it impact the business? Explain one
opportunity that Harvest Hub could exploit to increase its market share.
Describe one external threat that may affect Harvest Hub’s operations.
Identify and describe four (4) risk response strategies which can be used by
a business in the enterprise risk management treatment stage. (8) Identify
any six (6) additional governance of risk principles adressed in the King III
report not specifically listed by Nedbank Group. (6)Explain how Ubuntu
Holdings could benefit from implementing an ERM framework. ( Harvest Hub
, Ltd is one of the largest food retailers in South Africa, operating more than
100 stores nationwide. The company’s core business is providing low-cost
groceries to the middle- and lower-income markets. Despite economic
challenges in South Africa, including high unemployment, inflation, load-
shedding, social unrest, and political instability, Harvest Hub has continued
to grow. A SWOT analysis is a tool that is used to identify strengths,
weaknesses, opportunities, and threats in the retail industry in relation to
both the internal environment and external environment. As a risk
consultant, you have been appointed to perform a SWOT analysis and to
answer the following questions Define and explain the importance of
operational risk, Identify and distinguish between the three main attitudes
towards risk Identify and describe four process activities for risk analysis
which can be used by a business in the ERM analysis stage. What are the key
components of an ERM framework that Ubuntu Holdings should implement?
Distinguish between key risk indicators and key performance indicators. Use
examples to elucidate your answer. Briefly explain the following six process
activities which need to take place in the risk evaluation stage. Mrs Jacobs
has just been appointed as the new CEO of CALL4U Ltd. She approaches you
as the risk manager to gain a better understanding of the implementation of
enterprise risk management (ERM) within the company. Compile a report
addressed to Mrs Jacobs in which you explain the elements of an ERM
structure. Ubuntu Holdings (Pty) Ltd is a medium-sized mining services
provider based in Limpopo. The company operates in a highly regulated,
high-risk environment and has recently started developing an enterprise risk
management (ERM) framework guided by ISO 31000 and COSO principles. In
recent years, the company has faced numerous challenges, including
regulatory fines, environmental incidents and disruptions caused by labour
strikes and energy supply issues. To manage these risks and to improve
strategic decision-making, the board has mandated the adoption of a formal
ERM framework. As the chief risk officer (CRO), you are responsible for
identifying significant risks, engaging stakeholders, and aligning risk
management processes with business objectives. Identify the three primary
technology types important to a business and give one example of each
When it comes to the perception of risk, groups and individuals might
perceive risk differently. Indicate how the Utility Theory explains this
phenomenon
Report to Mrs. Vilakazi on ERM
TO: Mrs. Vilakazi, CEO, Local Coal Mining Ltd. FROM: Risk Manager DATE: October 26,
2023 SUBJECT: Explanation of Enterprise Risk Management (ERM) Concepts
This report aims to provide a clear understanding of key concepts in Enterprise Risk
Management (ERM) as you embark on your role as CEO. A successful ERM implementation
relies on a clear distinction between the framework, policy, and process.
RSK2601 Assignment 1
(COMPLETE ANSWERS)
Semester 2 2025 - DUE 28
August 2025
NO PLAGIARISM
[Pick the date]
[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]
,Exam (elaborations)
RSK2601 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 28
August 2025
Course
Enterprise Risk Management (RSK2601)
Institution
University Of South Africa (Unisa)
Book
Simple Tools and Techniques for Enterprise Risk Management
RSK2601 Assignment 1 (COMPLETE ANSWERS) Semester 2 2025 - DUE 28
August 2025; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Mr. Khumalo has just been appointed as the new CEO of Local Coal Mining
Ltd. He approaches you as the risk manager to gain a better understanding
of the implementation of risk management in the company. What challenges
might Ubuntu Holdings face in implementing ERM and how can they be dealt
with? Briefly describe the difference between an enterprise risk management
framework, policy and process to Mr. Khumalo to give him a better
understanding of the implementation of risk management in Local Coal
Mining Ltd. Mrs Vilakazi has just been appointed as the new CEO of Local
Coal Mining Ltd. She approaches you as the risk manager to better
understand the implementation of risk management within the company.
Compile a report addressed to Mrs Vilakazi in which you briefly explain the
difference between an ERM framework, policy, and process. (Explain the
difference between risk removal and risk transfer. Use examples to explain
your answer. How does utility theory explain the differences in risk
perception between groups and individuals? Identify one strength of Harvest
Hub and explain how it contributes to the retailer's success. How does the
King IV Report on Corporate Governance support ERM in South African
organisations such as Ubuntu Holdings? ( What is one key weakness that
Harvest Hub faces, and how could it impact the business? Explain one
opportunity that Harvest Hub could exploit to increase its market share.
Describe one external threat that may affect Harvest Hub’s operations.
Identify and describe four (4) risk response strategies which can be used by
a business in the enterprise risk management treatment stage. (8) Identify
any six (6) additional governance of risk principles adressed in the King III
report not specifically listed by Nedbank Group. (6)Explain how Ubuntu
Holdings could benefit from implementing an ERM framework. ( Harvest Hub
, Ltd is one of the largest food retailers in South Africa, operating more than
100 stores nationwide. The company’s core business is providing low-cost
groceries to the middle- and lower-income markets. Despite economic
challenges in South Africa, including high unemployment, inflation, load-
shedding, social unrest, and political instability, Harvest Hub has continued
to grow. A SWOT analysis is a tool that is used to identify strengths,
weaknesses, opportunities, and threats in the retail industry in relation to
both the internal environment and external environment. As a risk
consultant, you have been appointed to perform a SWOT analysis and to
answer the following questions Define and explain the importance of
operational risk, Identify and distinguish between the three main attitudes
towards risk Identify and describe four process activities for risk analysis
which can be used by a business in the ERM analysis stage. What are the key
components of an ERM framework that Ubuntu Holdings should implement?
Distinguish between key risk indicators and key performance indicators. Use
examples to elucidate your answer. Briefly explain the following six process
activities which need to take place in the risk evaluation stage. Mrs Jacobs
has just been appointed as the new CEO of CALL4U Ltd. She approaches you
as the risk manager to gain a better understanding of the implementation of
enterprise risk management (ERM) within the company. Compile a report
addressed to Mrs Jacobs in which you explain the elements of an ERM
structure. Ubuntu Holdings (Pty) Ltd is a medium-sized mining services
provider based in Limpopo. The company operates in a highly regulated,
high-risk environment and has recently started developing an enterprise risk
management (ERM) framework guided by ISO 31000 and COSO principles. In
recent years, the company has faced numerous challenges, including
regulatory fines, environmental incidents and disruptions caused by labour
strikes and energy supply issues. To manage these risks and to improve
strategic decision-making, the board has mandated the adoption of a formal
ERM framework. As the chief risk officer (CRO), you are responsible for
identifying significant risks, engaging stakeholders, and aligning risk
management processes with business objectives. Identify the three primary
technology types important to a business and give one example of each
When it comes to the perception of risk, groups and individuals might
perceive risk differently. Indicate how the Utility Theory explains this
phenomenon
Report to Mrs. Vilakazi on ERM
TO: Mrs. Vilakazi, CEO, Local Coal Mining Ltd. FROM: Risk Manager DATE: October 26,
2023 SUBJECT: Explanation of Enterprise Risk Management (ERM) Concepts
This report aims to provide a clear understanding of key concepts in Enterprise Risk
Management (ERM) as you embark on your role as CEO. A successful ERM implementation
relies on a clear distinction between the framework, policy, and process.
