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Results for the six months ended 31 December 2016 have officially been released.
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Risk Matrix

Accéntuate has identified issues that could have a material impact on the group into five categories, namely strategic, financial, operational, human resources and reputational risks. Management continually analyse the risks affecting the business, with control processes in place to mitigate against such risks.



Accéntuate does not have a group risk offi cer, but the boards of Accéntuate and the operating companies review and assess issues, together with plans to reduce risk on a continual basis.

DESCRIPTION
MITIGATING STRATEGY
PROGRESS
Strategic
Skills Development Focus on recruitment of young staff and developing their skills for long term Part of long-term strategy to provide learnerships and apprenticeships
  Retention career planning High priority with healthy results in the past
  Skills development and training (formal and informal) Academy continues to make a signifi cant contribution to the industry skill levels
  FloorworX Academy for the training and development of certifi ed installers  
B-BBEE Identification of possible new BEE strategic business partners Succession planning
  Careful management of the transformation process Ongoing engagement with potential BEE partners as this is crucial to our ability to deal with government
  Promotion from within is encouraged  
Financial
Loan Covenants Managed by group treasury Gearing ratio continues to reduce
  Tight control of working capital management  
  Hedging of exposure  
Foreign currency exposure Ongoing monitoring and management through group treasury Success in maintaining margins
Operational
Cost of energy Electricity price increases mitigated through careful management of peaks and troughs in manufacturing Major reductions of FloorworX peak demand despite increased production
  Efficiency enhancement programmes Ongoing improvements to delivery processes
  Fuel cost managed and reviewed  
Inputs Rising commodity costs Strategic inputs managed by a central procurement committee
  Variable sourcing methods and suppliers
  Timeous supply of finished goods and raw materials  
Information Technology Data and equipment protected through appropriate access control Implementation of IT governance model – COBIT (Control Objectives for Informative and related technologies)
Information disaster recovery programmes in place, with off-site duplication
Human Resources
Change management B-BBEE development managed Monitored and evaluated via social and ethics committee
  Succession planning
Reputation
Stakeholder Continual communication to and with all stakeholders Ongoing exercise through various levels of management
Quality control Continuous quality control measures in place to ensure standards are maintained and/or exceeded Internal and external audits are done and non-conformances addressed

 
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