n Southern African Journal of Accountability and Auditing Research - Exploring the risks disclosed in South African Technical Vocational Education and Training colleges’ annual reports

Volume 20 Number 1
  • ISSN : 1028-9011


The Commission of Inquiry into Higher Education and Training (also known as Heher Commission) observed that TVET colleges are faced with numerous challenges, such as leadership, funding, and infrastructure. In a sector that is expected to play a pivotal role in the economy, but simultaneously faces many challenges as highlighted by the Heher Commission, it is expected that any report (such as the annual report) that is broadly acceptable by a range of stakeholders is used as a communication channel to reach and communicate the effects of uncertainties of organisational objectives. The King IV posited that this would enable government, potential students, parents, etc. to make informed assessments of the organisation’s performance, and its short-, medium-, and long-term prospects. This exploratory article, which adopted the content analysis methodology, examines the nature of risks disclosed in South Africa’s Technical, Vocational, Educational, and Training colleges’ annual reports with the aid of a risk intelligence map developed by Deloitte. Annual reports content was analysed to determine whether information on the developed risk measurement index had been documented. The gathered results revealed that these institutions are yet to formulate and implement risk management practices as a process in their activities, since the majority of the institutions had not disclosed major risks in their annual reports. The effect hereof is that these institutions could face challenges which could threaten their ability to render appropriate educational services. Consequently, one of the South African government’s objectives for non-higher education to increase the number of artisans during this decade is impeded. It is argued that if risks are incorporated into decision-making, the objectives are likely to be achieved.

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