The initiative by Msunduzi Municipality to proactively identify risks is a vital step towards responsible governance and effective risk management.
It provides a foundation for addressing the challenges and vulnerabilities that the municipality faces.
It enables the municipality to anticipate and counter potential challenges and threats before they escalate into significant problems.
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This can save the municipality time, resources and reputational damage in the long run. The municipality has also identified the risks according to how severe they are.
Fraud and corruption are identified as the top risks. By ranking the risks, the municipality can prioritise its efforts and resources towards mitigating the most critical threats.
This ensures that resources are allocated where they are needed most.
It helps in budgeting and planning for risk mitigation efforts, ensuring that funds are available when needed….
