Podcast
Questions and Answers
What does the section on Credit Risk Management specifically cover regarding the 7.6 Loan book analysis?
What does the section on Credit Risk Management specifically cover regarding the 7.6 Loan book analysis?
Which aspect is NOT included in the overview of the Credit Risk Management section?
Which aspect is NOT included in the overview of the Credit Risk Management section?
What is likely a major theme in the Business Continuity Management section?
What is likely a major theme in the Business Continuity Management section?
The term 'Risk Appetite Pillars' most likely refers to?
The term 'Risk Appetite Pillars' most likely refers to?
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Which element would be least expected in a Compliance Management Report?
Which element would be least expected in a Compliance Management Report?
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What is one of the main mandates of the National Housing Finance Corporation (NHFC)?
What is one of the main mandates of the National Housing Finance Corporation (NHFC)?
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Under which act is the NHFC registered?
Under which act is the NHFC registered?
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What entity wholly owns the NHFC?
What entity wholly owns the NHFC?
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What type of organization is the NHFC classified as?
What type of organization is the NHFC classified as?
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Which document frames the reporting obligations for the NHFC?
Which document frames the reporting obligations for the NHFC?
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Study Notes
Overview of NHFC
- The National Housing Finance Corporation (NHFC) operates as a Development Finance Institution (DFI) established in 1996, aimed at enhancing access to affordable housing finance for low- to middle-income households in South Africa.
- NHFC is a Schedule 3A public entity, wholly owned by the Government and represented by the Minister of Human Settlements.
Reporting and Compliance
- The Integrated Annual Report covers the NHFC's performance and financial overview from April 1, 2022, to March 31, 2023.
- Compliance with the following regulations is essential:
- Public Finance Management Act, 1999
- Companies Act, 2008
- King IV Code on Corporate Governance
- National Treasury Regulations
- Generally Recognised Accounting Practice (GRAP)
Risk Management
- Key risk management components include credit risk management, business continuity management, and compliance management.
- COVID-19's impact on credit losses is an important aspect of the risk analysis.
Internal and External Stakeholders
- Internal stakeholders include the Board of Directors, Executive Committee, and employees, each with specific functions in governance, strategy implementation, and operational execution.
- External stakeholders include regulatory bodies, provincial governments, private sector financial institutions, and low-income households, all playing crucial roles in the value chain.
Financial Sustainability and Development Mandate
- NHFC aims to balance its developmental goals with financial sustainability, leading to a self-sustaining model that requires capital injections for increased delivery capacity.
- The organization focuses on catalyzing private sector involvement by coordinating financing for projects and utilizing blended finance solutions to overcome market barriers.
Leadership and Strategic Direction
- Key leadership change: Azola Mayekiso appointed as the first female CEO, marking a significant milestone for the organization.
- The Chairperson's overview emphasizes ongoing challenges, including economic instability, but also reflects on positive developments within the organization amid these challenges.
Future Outlook
- The NHFC is positioned to leverage its operational model as a wholesale financier to support retail financiers.
- The report includes forward-looking statements regarding potential strategic and operational developments for stakeholders' consideration.
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Description
Test your knowledge on supply chain management and risk appetite pillars. This quiz covers essential concepts including late payments, risk universe, and their impact on supplier relations. Perfect for those looking to understand the intricacies of managing supply chain risks.
