RSK2601 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 28 August
2025
100% TRUSTED WORKINGS, EXPLANATIONS & SOLUTIONS
EXAMEXPERT01
Your success our pride.
,RSK2601 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 28
August 2025
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
ANSWERS) Semester 2 2025 - DUE 28 August
2025
100% TRUSTED WORKINGS, EXPLANATIONS & SOLUTIONS
EXAMEXPERT01
Your success our pride.
,RSK2601 Assignment 1 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 28
August 2025
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
