The Sub-Saharan Africa Summit

Thursday, September 13, 2018

September 2018

13th Annual Sub-Saharan Africa Summit

Johannesburg, 13 September 2018

Summit

The Sub-Saharan Africa Summit

Gradual, but bumpy recovery

Wednesday, April 25, 2018 | 11AM EDT | 3PM BST | 4PM CEST

The Sub-Saharan Africa Summit

Gradual, but bumpy recovery
Thursday, September 13, 2018
September 2018
The Maslow
Johannesburg

The Sub-Saharan Africa Summit

Gradual, but bumpy recovery

Thursday, September 13, 2018
September 2018
The Maslow
Johannesburg

The Sub-Saharan Africa Summit

Gradual, but bumpy recovery

Thursday, September 13, 2018
September 2018
The Maslow
 
Johannesburg

The Sub-Saharan Africa Summit

Gradual, but bumpy recovery

Thursday, September 13, 2018
September 2018
The Maslow
Johannesburg

The Sub-Saharan Africa Summit

Gradual, but bumpy recovery

Thursday, September 13, 2018
September 2018
The Maslow
Johannesburg

13th Annual Sub-Saharan Africa Summit

Johannesburg, 13 September 2018

Look into South Africa's Credit Landscape

Moody's Investors Service is pleased to announce the Inside Africa Summit to discuss South Africa's gradual economic recovery, prospects and challenges with over 150 senior investors, issuers and credit experts. Register for an interactive day to gain new insights into the region's fiscal challenges, growth and credit risks. 

BENCHMARK – Review sovereign strengths and challenges compared to peers in the region

ANALYSE – Investment prospects as confidence improves and politics stabilize

UPDATE – Discover banking system and corporate sectors’ resilience and challenges

DEEP DIVE – Discuss credit linkages between the sovereign and state owned entities

Agenda

08.00           Registration & Coffee

08.30           Welcome Address

Sylvia Chahonyo, Head of Relationship Management, General Manager – Africa

Chairperson: Sean Marion, Managing Director, Financial Institutions Group

08.40          Big Picture Presentation: Emerging  Market Fortunes and Vulnerabilities

  • ‍What does monetary policy tightening mean for the emerging markets
  • Portfolio flows and debt issuances in emerging markets
  • Are commodity prices and growth uptick sufficient to offset mounting  credit challenges?

David Staples, Managing Director, Corporate Finance Group

09.00         Keynote Plenary Session: Insight on South Africa - Fiscal Challenges Amid Improving Growth

  • Balancing upside and downside risks
  • The challenge for Government: Achieving diverse economic, fiscal and  social cohesion
  • Investment prospects as confidence improves and politics stabilise  

Lucie Villa, Vice President – Senior Credit Officer, Sovereign Risk Group

Followed by a  Spotlight Conversation

Led by Moody’s Sovereign Group representative

Guest Speaker to be announced

09.50        Banking Panel: Banking System Resilience and Challenges Ahead

  • Key drivers behind the latest  confirmation of South African banks’ ratings
  • Overview of banks’ performance during the economic slowdown in South  Africa
  • Banking sector pressures despite the gradual economic recovery
  • Regulatory challenges and introduction of a bank resolution regime
  • Regional expansion into Sub-Saharan Africa: Underlying risks and  benefits

Led by Sean Marion, Managing Director, Financial Institutions Group

Arno Daehnke, Group  Financial Director, Standard Bank

Andries du Toit, Group Treasurer, FirstRand Bank

Nondas Nicolaides, Vice President – Senior Credit Officer, Financial Institutions Group  

Akintunde Majekodunmi, Vice President – Senior Credit Officer, Financial Institutions Group

10.30          Networking  & Coffee Break  

11.00          Corporate Panel: Evolving Positive Sentiment but still a Wait and See Game

  • Government  policy execution and improving governance along with regulation, a  catalyst         
  • Rand  exchange rate uncertainty acts as a hindrance to favourable transmission of  higher commodity prices
  • Rated  corporates local dominance in respective spaces supports credit profiles

Led by David Staples, Managing Director, Corporate Finance Group

Doug Rowlings, Vice President – Senior Analyst, Corporate Finance Group

Dion Bate, Vice President - Senior Analyst, Corporate Finance Group  

Guest speakers to be announced

11.40           Sub-Sovereign Conversation: How Improving Operating Environment impacts Sub-sovereign Issuers   

  • Sub-sovereign revenue and expanding capital  expenditure
  • Credit linkages between municipalities and  sovereign

Led by Daniel Mazibuko, Lead Analyst, Sub-Sovereign Group

Khomotso Letsatsi, Consultant for the United Nations Capital Development Fund 

12.10          Panel: Credit Linkages between  the Sovereign and State Owned Entities in South Africa

  • The impact of potential sovereign support on SOE ratings 
  • How potential sovereign support is factored into the Government rating
  • Market perceptions and funding options for the SOEs

Led by Andrew Blease, Associate Managing Director, Infrastructure Finance

Lucie Villa, Vice President – Senior Credit Officer, Sovereign Risk Group

Helen Francis, Vice President – Senior Credit Officer, Infrastructure Finance 

Guest speakers to be announced

13.00          Lunch

14.00         Breakout sessions

STREAM A: Insurance - SAM  regulations strengthen insurance sector, with positive credit implications
  • Positive credit implications for insurance groups
  • Potential changes to insurers’ capital structures as a result of SAM
  • Three years on – observations and lessons from Solvency II  implementation in Europe

Brandan Holmes, VP-Senior Analyst, Financial Institutions Group

Leigh Cunningham-Scott, Securitisation Structurer, Absa Capital

STREAM B: SFG  - Demystifying the South African Securitisation Market
  • Features of securitisation as alternative investment to other types of  debt
  • What are the different structural protections for senior vs junior  bonds in securitisation.
  • What are the key rating drivers for South African securitisations

Antonio Tena, Vice President - Senior  Analyst, Structured Finance Group

Beverley Warnasuriya, Head of Credit, STANLIB

Matt Mutch, Treasury  Manager, SA Home Loans

Speakers

Moody's Speakers

David Staples

Managing Director, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Managing Director, Financial Institutions Group

David Staples

David Staples is a Managing Director at Moody’s in the EMEA Corporate Finance Group based in Dubai. His responsibilities include managing the analytical teams that oversee the ratings of companies based in the Middle East, Turkey, South Africa as well as Russia and the CIS. David has a Masters degree from The Johns Hopkins School of Advanced International Studies in Washington, D.C. (1984) and a Bachelors degree from the University of Cincinnati (1982).

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Lucie Villa

Vice President – Senior Credit Officer, Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Vice President – Senior Credit Officer, Sovereign Risk Group

Lucie Villa

Lucie is the lead analyst for several Sub-Saharan African sovereigns and supranational issuers and is a senior member of Moody’s Africa Sovereign Ratings team. Lucie holds a postgraduate degree in Probability and Statistics from a French Engineering School (ENSAI) and a Master’s degree in Economics from the Panthéon-Sorbonne University in Paris.

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Sean Marion

Managing Director, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Managing Director, Financial Institutions Group

Sean Marion

Sean is responsible for Moody’s analytic teams that rate banks and nonbank financial companies in the Nordics, Baltics, South-Eastern Europe and emerging markets in Middle East and Africa. Prior to relocating to London in 2011, Mr. Marion held various positions of progressive responsibility in Moody’s, including working in the firm’s offices in Mexico City and Toronto. Mr. Marion holds graduate degrees in economics from the Université Paris I (Sorbonne) and the London School of Economics. He also holds an undergraduate degree from Bishop’s University, Canada.

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Nondas Nicolaides

Vice President – Senior Credit Officer, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Vice President – Senior Credit Officer, Financial Institutions Group

Nondas Nicolaides

Nondas holds a BSc in Accounting, Finance and Computer Science, and an MBA from Lancaster University (UK). He is now the lead analyst for South African, certain Norwegian savings and Greek banks, while in the past he covered a number of banks in various countries in Eastern Europe and the Middle East, including Turkey and India.

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Akintunde Majekodunmi

Vice President – Senior Credit Officer, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Vice President – Senior Credit Officer, Financial Institutions Group

Akintunde Majekodunmi

Akin joined in October 2014, and is the lead analyst on a portfolio of Sub-Saharan Africa Banks, focusing initially on Nigeria and then elsewhere in West and East Africa as the team’s footprint in the region grows. Akin is a CFA charter holder and has a BA in Economics from Leeds University Business School and an MSc in Management from Cass Business School.

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Douglas Rowlings

Vice President – Senior Analyst, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Vice President – Senior Analyst, Corporate Finance Group

Douglas Rowlings

Douglas covers non-financial corporates for Moody’s in the Middle East and Africa with a specific focus on mining, oil and gas along with telecommunications services and infrastructure providers. Douglas holds an Advanced Master of Commerce Degree Specialising in Finance in the field of Financial Management from the University of Cape Town and is CFA Level III candidate.

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Dion Bate

Vice President - Senior Analyst, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Analyst, Corporate Finance Group

Dion Bate

Dion is the local lead analyst for the South African corporate issuers rated by Moody’s. Previously, he was responsible for rating South African and European RMBS securitisation transactions. Dion graduated from the University of Pietermaritzburg, Kwa-Zulu Natal and holds a Bachelor of Commerce degree with Honours in Economics. He is also a qualified Chartered Financial Analyst.

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Daniel Mazibuko

Lead Analyst, Sub-Sovereign Group

Moody's Investors Service

Moody's Investors Service

Lead Analyst, Sub-Sovereign Group

Daniel Mazibuko

In his capacity as an Associate Lead Analyst, Daniel is responsible for the subsovereign portfolio which includes metropolitan municipalities and government related issuers based in South Africa. Daniel holds a Bachelor of Arts Degree from University of South Africa and a Diploma in Financial Management from Damelin Business College.

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Helen Francis

Vice President – Senior Credit Officer, Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Vice President – Senior Credit Officer, Corporate Finance Group

Helen Francis

Helen Francis is a Senior Analyst in Moody’s EMEA Infrastructure Finance team, based in London. She is responsible for a portfolio of unregulated and regulated utilities in Germany, Spain and CEE. Over the course of a long career at Moody’s, Helen has played a key role in the development of the Infrastructure Finance team, supporting development of its broad European coverage and strong reputation.

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Brandan Holmes

Vice President - Senior Analyst, Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Analyst, Financial Institutions Group

Brandan Holmes

Brandan is a Vice President – Senior Credit Officer in the EMEA Insurance Team, with analytical responsibility for a range of (re)insurance ratings across the EMEA region. Brandan holds a Bachelor’s degree in accounting from the University of Pretoria and a MBA in finance from New York University’s Stern School of Business. He is a Chartered Accountant (SA) and a Certified Public Accountant (NY).

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Antonio Tena

Vice President - Senior Analyst, Structured Finance Group

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Analyst, Structured Finance Group

Antonio Tena

Antonio’s responsibilities include the surveillance of EMEA RMBS and ABS, most particularly focusing on Spanish, Italian and South African jurisdictions. He has over 10 years’ experience in credit rating analysis of European and South African ABS and RMBS, with special emphasis on securitization research. During his tenure at Moody’s, he has covered different asset classes (RMBS, SME ABS, Auto&Consumer ABS) and jurisdictions across Europe.

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Andrew Blease

Associate Managing Director, Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Associate Managing Director, Infrastructure Finance

Andrew Blease

Andrew is responsible for a team of analysts covering transport infrastructure across EMEA and utilities in central and eastern Europe. Moody’s has a leading global Infrastructure Finance franchise, rating some US$2 trillion of corporate and project finance securities, representing more than 90% of all public bonds issued globally in the sector. 140 analytical sector staff cover more than 1,000 infrastructure issuers globally. Moody’s EMEA team of 50 specialists is responsible for rating around 416 issuers. The rating agency covers more than 11,000 corporate issuers and 135 sovereign nations. Andrew studied finance at London Metropolitan University and is a member of the chartered Institute of Bankers.

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Sylvia Chahonyo

General Manager

Moody's Investors Service

Moody's Investors Service

General Manager

Sylvia Chahonyo

Sylvia Chahonyo is the Country Manager for South Africa and Head of Relationship Management in Africa with dual responsibility for the management and expansion strategies of the commercial and geographic franchise on the continent, and for driving sector coverage across the fundamental franchises in Africa. She has an LLB (Hons) from the University of East Anglia, Norwich and is admitted as an Advocate in the High Court of Kenya.

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Further information

Over 160 investors, issuers and intermediaries already registered, secure your complimentary seat now!

Any questions please contact:

Sara Soriano

Assistant Director - Events & Outreach

sara.soriano@moodys.com