Abstract
Risk management entails resources, planning, arranging and controlling to reduce the impact of
possible risks to a manageable level. The objective of the article is to determine how the
Department of Trade and Industry (DTI) implements risk management to achieve the objectives of its
mandate as set out in its strategic plan, ultimately creating an ethical environment by reducing
fraud. The methodology is based on a qualitative research design, using triangulation of an
embedded case study with specific dimensions of unobtrusive research techniques, such as conceptual
and document analysis. The Enterprise Risk Management (ERM) system is closely linked to the DTI’s
risk management policy and risk management strategy objectives. The Risk Management Implementation
Plan (RMIP) and the risk register, as well as the implementation of the risk management process,
are instrumental in the successful risk management strategy of the DTI. The findings indicate that
risk dialogue, communication, awareness, and understanding of the organisation and its risks,
should be encouraged; that risk reporting practices should be strengthened, and that a better
alignment between risk management and the DTI’s strategic
objectives should be established.