RSK4803 Assignment 3 Semester 2 2024 | Due 7 October 2024
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Cours
Risk Financing (RSK4803)
Établissement
University Of South Africa (Unisa)
RSK4803 Assignment 3 Semester 2 2024 | Due 7 October 2024. All questions answered with references.
Question 1 22 marks
1.1 In a management meeting, it was decided that the company needs to establish the risk management function. However, there were different views about the main objective of ri...
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Question 1
1.1. In a management meeting, it was decided that the company needs to establish the risk
management function. However, there were different views about the main objective of risk
management.
A) The chief executive officer held that the responsibility of risk management would be to assess,
control and finance critical risks facing the organisation and report the outcomes to the board.
B) The chief financial officer stated that the responsibility of risk management would be to assess
critical risks facing the organisation and communicate the assessment to management and the
board.
C) The human resources director argued that the responsibility of risk management would be to
compile a report on all risk exposures of the organisation for reporting to the board.
D) The compliance officer emphasised that the responsibility of risk management would be to
provide assurance about the management of risks to stakeholders of the organisation.
Risk management involves a multi-faceted approach to mitigate potential financial losses. This
process encompasses:
Assessment: Identifying and analyzing potential risks that could impact an organization.
Control: Implementing strategies and measures to mitigate or minimize the identified risks.
Finance: Determining the most cost-effective methods to finance potential losses, including
options like self-funding, insurance, or alternative risk transfers.
Reporting: Regularly communicating the outcomes and effectiveness of risk management
strategies to the board of directors.
1.2. Eskom, South Africa’s largest electricity provider, navigates a challenging and promising
environment in its mission to deliver reliable and sustainable energy to the nation. The utility’s
handling of debts is crucial for its financial stability, operational efficiency, and environmental
impact. Despite these factors, Eskom’s decisions regarding liabilities play a pivotal role in its
financial stability. Eskom's total liabilities increased from R77,000 million in 2006 to R480,000
million in 2016. Given that the liabilities in 2012 were 50% higher than that in 2006, the total
liabilities for 2012 would be calculated as follows:
A) R115,500 million
B) R480,000 million
C) R38,500 million
D) R557,000 million
Here's how to calculate that:
Start with the liabilities in 2006: R77,000 million.
Calculate the 50% increase: R77,000 million x 0.50 = R38,500 million
Add the increase to the 2006 liabilities: R77,000 million + R38,500 million = R115,500 million
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