Interfront 2024 Annual Report

INTERFRONT ANNUAL REPORT 2024 Risk Management Interfront has established a Risk Management Forum consisting of EXCO and senior members of the management team. This forum meets regularly and prior to the start of each new financial year to review and update the Risk Register supporting the Annual Performance Plan. As part of its commitment to robust risk management, Interfront’s Executive Committee and senior staff members participated in an Enterprise Risk Management training programme. Following this training, each business unit within Interfront conducted a comprehensive risk assessment of its operational area. These assessments were then consolidated into the Risk Register by the Risk Management Forum. The most significant risks identified are compiled into a register and presented to the Interfront Board at least twice per financial year. Additionally, this register is updated and presented to the Board whenever a new or emerging risk is identified. To ensure thorough oversight, the Risk Register is also presented quarterly to the Interfront/SARS Audit and Risk Committee for review and input from its members. This structured approach to risk management allows Interfront to proactively identify, assess and mitigate risks, ensuring its resilience and strategic stability.