46 INTEGRATED ANNUAL REPORT 2024 Risk description Risk assessment Action outline Impact rating Matters state owned enterprise decline Rail demise which by all signs is inevitable. Extreme Consistent and top-level interaction with 36 Export conveyor at Richards Bay offset to another deemed State entities and continued presence on high value commodity such as coal or other minerals. Extreme all State and Industry forums available 28 Port services decline (currently very visible via infrastructure Encourage use of NCT as service decline and lack of maintenance (fires on lines). Extreme provider to the State. 24 Matters: Fire related Risk of insurance claim not paid or reduced payment made. Extreme Continued provision of all information 32 Protracted delay in Richards Bay rebuild and attainment of required by investigative teams. Close out production capacity. Extreme and mitigation of environmental impacts. 21 Future insurance unavailable given perceived fire risk of Assess insurance service providers globally. timber as a commodity. Extreme Explore all manner of funding vehicles 16 Possible litigation post fire High to facilitate cost-efficient rebuild process. 12 Savings drive within NCT and critical Damaged public image post fire Low cash flow monitoring and management. 8 Matters: DWC Road access to DWC impeded given severe damage and lack Extreme DWC plays a critical market accessing 28 of maintenance (by State). role in NCT currently. Regular and DWC breakdown or extended production delay Extreme preventative maintenance of equipment 24 is critical. Presence on forums interacting Loss of the DWC lease Extreme with the State ongoing. 21 Matters: NCT and members Labour unrest on member farms High Maintain vigilance within the socio- 12 Labour unrest / sabotage at NCT Tree Farming High political arena. Monitor volume flows 12 and member sentiment. Member loss / attrition Moderate Communications critical 10 Matters: NCT staff Skills availability High Staff surveys / interaction / wellness 14 Salary industry parity High days. Industry benchmarking of staff 12 Mental health /stress issues present Moderate benefite 10 Matters: State legislative influence PBS vehicles discontinued High Continued presence and interaction on 14 State forums and appropriate Industry Fire risk control inhibits DWC intake High lobby organisations. 12 Matters: financial management Tax and PAYE reporting pressure High Financial jurisprudence required at all 7 Exchange-rate volatility Moderate levels. Staff capacity assessment and 5 Credit risk (Special markets) High recruitment if required. 12 Matters: Certificatiobn Increasing CoC non-conformance by opportunistic suppliers requires vigilance Certification loss / CoC issues Extreme and implementation of remote sensing 21 capacity. European Union Deforestation Regulations will furthermore need to be adhered to. Matters: Marketing Mixed eucalyptus is arguably our most Marketability of mixed eucalyptus. High exposed commodity from market access 12 perspective. Assess all alternative markets. Biomass / MDF / Poles et al.
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