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AfroCentric INTEGRATED ANNUAL REPORT 2016
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MATERIAL RISKS AND OPPORTUNITIES (continued)
SUMMARY OF MATERIAL MATTERS
The AfroCentric Group defines materiality as those matters that substantially affect the organisation’s ability to create and
sustain value over the short, medium and long term. The approach to materiality considers the external environment,
stakeholder expectations and any other identified risks and opportunities that may affect the ability to execute the strategy.
An assessment was undertaken by the CEO and other internal stakeholders. Material matters were identified through a process
of reflecting on those previously identified; considering these matters in the context of the external environment and the key
corporate risks; considering the opportunities each of these provides; linking each to legitimate stakeholder interests and
concerns; aligning these to the strategy; and finally prioritising the matters based on their impact and likelihood.
Term of the impact
Short term – 1 year
S
Medium term – 2 to 5 years
M
Long term – greater than 5 years
L
IT dependency
Client
retention
Regulatory
compliance
Political
uncertainty
Growth is limited
by healthcare costs
Transformation
Loss of critical
skills/employees
Cybercrime and
data security
M L
L
L
L
L
L
M
M L S
low
medium
high
Impact
Likelihood
low
medium
high