CAV Annual Report 2021

“SUPPORT THE GROWTH OF THE AEROSPACE, DEFENCE AND ADVANCED MANUFACTURING INDUSTRIES”

RISK CATEGORY

MITIGATING ACTIONS

5. Landside Management 5.1. Delays in the implementation of the industrial park development.

• Follow up with CoT on, approval of Plans, Section 82 Certificate and ATCC Building Occupancy Certificate. • Set-up focused meetings with all stakeholders namely the CAV technical team, CoT officials, DWS, GDARD, Rand Water and CAV management to manage the project as a “drop dead” project. • Investigate the implementation of measures for poor performance by service provider. • Engage key stakeholders i.e. DoD, DPWI the dtic, GGDA and various airport authorities including CoT with Wonderboom Airport. • Engage with the relevant structures within the DoD such as the Military Command Council to solicit support for the CAV Airside Development Phase. • Commit stakeholder to binding stakeholder compacts (agreements). • Continuous improvement of the value proposition to attract tenants.

6. Airside Development 6.1. Lack of CAV airside development access.

7. Stakeholder Management 7.1. Lack of benefit from stakeholder engagements

Table 5: Top 7 Risks for CAV

Fraud Prevention The CAV has the fraud prevention strategy and plan that assist the entity in managing fraud, corruption, theft, maladministration, and any other dishonest activities of a similar nature in accordance with the provisions of the PFMA and treasury regulations. It is the responsibility of the CAV employees to report all incidents of fraud or any other dishonest activity of a similar nature to their managers. If employees are uncomfortable in reporting such matters to their managers, they should report the matter to the CEO. Employees may also report such matters to the Audit and Risk Committee Chairperson if they wish to remain anonymous or for any other reason. All managers are responsible for the detection, prevention and investigation of fraud or any dishonest activities of a similar nature within their areas of responsibility. The CAV fraud prevention strategy is focused on the following areas: • Formalisation and Implementation of a zero-tolerance culture to fraud and corruption within CAV; • A high level of fraud awareness; and • Management and control of an environment that proves difficult to misappropriate assets.

There are essentially four pillars to a fraud prevention strategy, which have been used as the basis for the CAV Fraud Prevention Plan. They are as follows: • Creating an anti-fraud environment; • Understanding and managing the risks; • Being proactive in defence; and • Reacting swiftly to suspected or known crimes. In the coming performance cycle, CAV plans to further enhance its fraud prevention measures, thus saving the company from potential losses resulting from fraud and reducing the risk of the negative reputation associated with the acts of fraud, corruption, sabotage, and other related threats.

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

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