Afrikaans Annual Financial Statements
Naspers
 

THE NASPERS GROUP

IN THIS SECTION

HOW WE MANAGE RISK

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Risk management is integral in the day-to-day operations of our businesses. As a multinational multimedia group with activities in over 130 countries, the group is exposed to a wide range of risks that may have serious consequences. The diversified nature of the group spreads this exposure, although it does add complexity.

RISK PHILOSOPHY

Naspers identifies and manages risk in line with international best corporate governance practice and applies the relevant rules and regulations.

The board is responsible for the governance of risk and is satisfied with the effectiveness of the risk management process. Risk management plans and processes are presented, discussed and approved at risk committee meetings. Registers of significant risks facing the group are discussed, along with management actions to control these risks within board-approved ranges of tolerance.

The diversified nature of the group helps spread risk, particularly in terms of global political and economic instability, market development, regulatory matters and currency fluctuations. Identifying risk and developing plans to manage risks are part of each unit’s business plan. These are assessed annually by the board.

RISK POLICY
RISK FRAMEWORK
MATERIAL ISSUES AND HOW WE MANAGE THESE