OUR BUSINESS
Risk and Opportunity Management
OUR BUSINESS
Risk and Opportunity Management
SANBS Risk Profile (Risk Heatmap of Top Risks)
The risk heatmap reflects the risk priority for individual risks as at 31 March 2024.
Top Risks and Risk Profile Trend
Risk/Opportunity Increased
Risk/Opportunity Decreased
Risk is Stable
Risk/Opportunity Increased
Risk/Opportunity Decreased
Risk is Stable
Risk Profile Trend |
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| No. | Strategy Level Risks – March 2024 | Short term | FY23 | FY22 | FY21 | FY20 | Strategic Objectives | Capitals |
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Inability to consistently meet all demand for Group O RBC and Apheresis platelets | 6 | 3 | 2 | 10 |      |
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Inability to attract and retain a fit-for-purpose workforce | 8 | 1 | 1 | 3 |   |
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Inadequate data and information (electronic and non-electronic) life-cycle management, and governance systems and processes | 5 | - | - | - | |
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Political/socio-economic instability leading to civil unrest | 7 | - | - | - | |
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Impact of weak internal controls on compliance and financial assurance leading to adverse audit outcomes | 3 | 2 | - | - | |
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Loss of stakeholder and public confidence | 4 | 9 | 8 | 2 | |
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Disruption in business operations | 12 | - | - | - | |
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Failure to provide and maintain stable and secure information management systems | 16 | 5 | 4 | 6 | |
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Inability to remain financially sustainable | 2 | 4 | 3 | 1 | |
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Non-compliance with regulatory requirements | 10 | 9 | 7 | 7 | |
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Previously reported risks which were reclassified as tactical-level risks, causes of other strategy-level risks or not a risk are:
| RISK PROFILE TREND | |
|---|---|
| Ineffective and inefficient order-to-collect process | Included in the causes of top strategic risks 3, 5 and 9 |
| Adverse impact of poor organisational culture | Reclassified as tactical-level risk |
| Ineffective and inefficient procure-to-pay process | Included in the causes of top strategic risks 3, 5 and 9 |
| Failure to be innovative | Removed as a risk |
| Uncertainty as to the impact of the NHI implementation on the SANBS business model | Included in the risk of non-compliance with regulatory requirements |
| Compromised safety and quality of blood products | Reclassified as tactical-level risk |
| Environmental sustainability | Reclassified as tactical-level risk |