Interfront 2025 Annual Report

INTERFRONT ANNUAL REPORT 2025 10 Risk Management Interfront has implemented a structured and proactive approach to risk management anchored by the establishment of a dedicated Risk Management Forum. This Forum comprises of members of the Executive Committee (EXCO) and senior management who plays a central role in the coordination and oversight of risk-related activities across the organisation. The Forum convenes regular meetings throughout the year and holds a focused session prior to the commencement of each new financial year to review and update the corporate Risk Register, ensuring its alignment with the Annual Performance Plan (APP). Each business unit within Interfront conducts an annual, in-depth risk assessment of its operational area. These assessments are then consolidated by the Risk Management Forum into a comprehensive Risk Register that reflects organisation-wide risks. The strategic risks identified through this process is escalated and presented to Interfront’s Board at least twice during the financial year. The Risk Register is also updated and tabled at Board level whenever new or emerging risks arise that may impact the organisation’s operational or strategic objectives. In addition to Board-level oversight, the Risk Register is submitted quarterly to Interfront/SARS Audit and Risk Committee for further scrutiny, review, and input. This layered oversight ensures that risk management remains dynamic, responsive, and integrated with governance structures. Through this disciplined and collaborative approach, Interfront is able to anticipate and mitigate potential risks effectively, thereby supporting organisational resilience, operational continuity, and the successful delivery of its mandate 84