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Unisa Short Learning Programmes
Programme in Risk Management (75949)


Risk management has emerged as one of the major management disciplines in a business environment. The purpose of the programme is to provide students with a fundamental knowledge to enable them to manage the risks an organisation faces. Students will acquire knowledge and understanding of a variety of disciplines that will add value in the effective management of risk. 

Target group

Employees of the public and private sectors involved in risk management 

Admission requirements

National Senior Certificate or an appropriate NQF level 4-5 qualification 


One year(students may only register for a maximum of 4 modules per semester) 

Language medium


Registration periods

A National Senior Certificate or equivalent. 

Tuition method

Distance education by means of study guides, tutorial letters and assignments. 

Kind of assessment


Formative assessment and examination admission will comply with UNISA’s formative assessment rules and policies 

Formative assessment: 

Assignments and a study school 

Summative assessment: 

An examination 

Introduction to Enterprise Risk Management (PRIM014)
Syllabus/Content Topics
  • Identify the business and business processes 
  • Risk types and definitions 
  • Underlying operational risk factors 
  • Risk Management framework 
  • Risk Management process 
  • Global approach and focus on risk management 


Business Management (PRIM025)
Syllabus/Content Topics
  • The nature of general management 
  • Planning 
  • Organising 
  • Leading 
  • Control 
  • Ethics and corporate social responsibility 


Statistics (PRIM036)
Syllabus/Content Topics
  • Gather data 
  • Data collection 
  • Presentations 
  • Measures of locality 
  • Measures of dispersion 
  • The box and whiskers diagramme 
  • Basic probability concepts 


Business Finance and Accounting (PRIM048)
Syllabus/Content Topics
  • Legal environment of the business 
  • Financial goal of a firm 
  • Financial statements 
  • Aspects of accounting 
  • Analysis of financial statements 
  • Profit planning and control 
  • Time value of money 
  • Financing 
  • Depreciation 
  • Management of working capital 
  • Management of raw material or stock costs 
  • Management of overhead costs 
  • Absorption costing principle 
  • Profit planning and control 
  • Product pricing decisions 
  • Capital budgeting 
  • Variance analysis 


Economics (PRIM059)
Syllabus/Content Topics
  • What economics is all about 
  • A closer look at the economic problem 
  • The interdependence between major sectors, markets flows in the mixed economy 
  • Demand, supply and prices 
  • Demand and supply in action 
  • The labour market 
  • The monetary sector 
  • The foreign sector 
  • The public sector 
  • Measuring the performance of the economy 
  • Macro-economics 


Risk Financing (PRIM06A)
Syllabus/Content Topics
  • Insurability 
  • Sources of South African Insurance Law 
  • Legal liability risks 
  • Insurance contract 
  • General principles of insurance law 
  • Specific insurance policies 
  • Reinsurance 
  • State insurance schemes 
  • Insurance market – the intermediary 
  • Risk financing principles 
  • Forecasting losses 
  • Retention and reserving 
  • Self-funding alternatives 
  • Derivatives and capital market instruments 
  • Risk management information systems 


Risk Control (PRIM07B)
Syllabus/Content Topics
  • Risk control review 
  • Fire and explosion 
  • Natural perils 
  • Security 
  • Occupational health and safety 
  • Motor vehicle risk control 
  • Emergency planning 
  • Mining risk control 
  • Control of a capita selecta of risks 
  • Risk control: an overview 
  • Managerial aspects of risk control 
  • Effectiveness of risk control 
  • Risk control: operations risks 
  • Application of management principles to mine health and safety 
  • Emergency planning 
  • Risk control programmes 
  • Liability risk 
  • Decision-making under uncertainty 
  • Expected monetary value 
  • Utility theory 


Course leader

Prof J Young DCom (Risk Management) 

Discipline expertise: Lecturer for various business management modules 

Centre for Business Management 

Office 3-109, A J H van der Walt Building, UNISA 

Tel: 012 429 3010 

Fax: 086 695 3324 



Programme administrator(s)

Centre for Business Management 

Tel: 012 429 3725 


CBM Help Desk: 

Tel: (012) 352 4288 / 4170 / 4317 / 4383  

Fax: 012 429 4150