MATERIAL RISKS AND OPPORTUNITIES
MATERIAL RISKS AND OPPORTUNITIES
RISK TREND
ENVIRONMENTAL AND HEALTH AND SAFETY RISK
Risk Events
� Covid-19 outbreak leading to record market crashes – black swan event .
Description Covid-19 is a new strain of the Coronavirus that was discovered in 2019 and has not been previously identified in humans , which dominated the headlines at the beginning of 2020 . South Africa implemented various response plans , which resulted in a national lockdown including travel bans , limitations on gatherings and calling for social distancing . The environmental and health effects will continue to be absorbed during the next financial year .
The group is also subject to compliance requirements regarding employee health and safety , environmental and quality assurance .
Mitigation and Control The Senwes Group implemented its own response plan relating to Covid-19 which is managed by a nominated committee , which includes the executive directors .
Focusing on operations , the safety of grain as a core product and its handling are continuously being assessed by Senwes through a hazard critical control point ( HACCP ) and quality management systems . Senwes also incorporates a fully functional SHEQ division to enable the policy environment , effective structures , education and training , empowering employees to make judgement calls and enforcing rules and regulations .
Opportunities
� Develop and optimise the group ’ s environmental , health and safety compliance and assurance processes and systems , also through the utilisation of the latest techno logy in this regard .
� Strengthen the group ’ s environmental and health and safety compliance culture through continuously upskilling and training personnel as well as optimising and adapting development programmes in this regard .
Strategic focus areas triggered
� Reorganisation of business models .
For more info on the group strategy see p . 44
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