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

thursday, November 08, 2018
london

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. 

KEYNOTE SPEAKER

Hon. Nhlanhla Musa Nene
Minister of Finance of
South Africa 

Why Attend?

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          Sovereign Presentation

Insight on South Africa - Policy Challenges Amid Tepid Growth

  • The challenge for the government: achieving growth, fiscal consolidation and social cohesion amid a challenging emerging market backdrop
  • South Africa’s credit strengths underpinning its rating

Led by Marie Diron, Managing Director, Sovereign Risk Group

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

 09.30          Spotlight Conversation

The Views on the Macro Backdrop and Financial Market Dynamics

Led by Lucie Villa, Vice President - Senior Credit Officer, Sovereign Risk Group

Leon Myburgh, Head of Financial Markets Department, South
African Reserve Bank (SARB)

09.50        Banking Panel

Banking System Resilience and Challenges Ahead Stable Outlook

  • 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
  • Public versus private issuance and spread trends
  • ‍Funding sources trends

Led by David Staples, Managing Director, Corporate Finance Group

Kate Rushton, Senior Credit Strategist, Absa

Robert Hersov, Founder and Chairman, Invest Africa

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

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

11.40            Spotlight on Sub-Sovereign  

How 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, United Nations Capital Development Fund 

12.20
         Panel Discussion 

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

Stephen
Seaka, Head of Public Sector, Absa 

Olga Constantatos, Credit & Equity Process Manager, Futuregrowth Asset Management

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

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

13.00          Lunch

14.00          Keynote Session

South Africa Fiscal Outlook

Hon. Nhlanhla Musa Nene, Finance Minister of South Africa

Followed by coversation led by Marie
Diron, Managing Director, Sovereign Risk Group

15.00         Breakout Sessions

Insurance Stream: 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, Vice President-Senior Analyst, Financial Institutions Group

Structured Finance Stream: 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

AK Ismail, Head of Finance&Treasury
Departments, SA Home Loans

Gill Raine, Senior Policy Advisor, ASISA

16.00           Close of the Conference

Moody's Speakers

Philipp Lotter

Managing Director - EMEA Corporate Finance

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director - EMEA Corporate Finance

Philipp Lotter

Philipp Lotter holds the role of Co-Head of the EMEA Corporate Finance Group, based in London. While jointly overseeing Investment Grade and Leveraged Finance across Europe, Middle East and Africa, Philipp’s focus lies particularly on markets in the UK, Germany and the Nordics, as well as the broader Emerging Market franchise. Philipp has spent many years of his career abroad with strong Emerging and Developing Markets coverage experience. He spent more than 5 years in Asia, where he held the dual role of Country Manager for Moody’s office in Singapore, as well as Managing Director of the Corporate Finance Group responsible for companies across Southeast Asia and India. Philipp holds a Diploma from the Frankfurt School of Finance & Management. He has also attended international semesters at the European Business School in London and University College Dublin.

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Sean Marion

Managing Director

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Managing Director

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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Marie Diron

Managing Director

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Managing Director

Marie Diron

Marie Diron heads the Sovereign Risk Group for Asia Pacific, the Middle East and Africa, responsible for analytical teams covering sovereigns and multilateral development banks in these regions. Marie has worked as Moody’s lead sovereign analyst for a number of Asia Pacific credits, including China, Hong Kong, Taiwan, India, Sri Lanka and Australia. Marie has also worked in Moody’s Credit Policy, leading a number of macroeconomic analyses, including our regular Global Macro Outlook and other credit research work. Marie was previously Director at Oxford Economics, leading the company’s forecasting and scenario analysis service to financial sector and corporate clients, after a number of years at the European Central Bank and Brevan Howard LLP. Marie received a MPhil in Economics from the University of Cambridge and graduated from the Ecole Centrale Paris.

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David Staples

Managing Director

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Managing Director

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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David Aldrich

Managing Director

MIS Commercial Group

Moody's Investors Service

Moody's Investors Service

MIS Commercial Group

Managing Director

David Aldrich

David is Managing Director, Head of Emerging Markets EMEA, for both Relationship Management and Regional Management, Moody’s Investors Service. He leads and manages the Commercial activities for Emerging Markets, with responsibility for originating and maintaining ratings mandates for financial institutions, corporates, subsovereigns and local governments in Russia, CIS, Central and Eastern Europe, Middle East and Africa. David also oversees the regional strategy in EMEA, outside the EU27 and UK, including managing the relevant MIS Country Managers. David has managed businesses in securities services, fixed income and derivatives at BNY Mellon, JP Morgan, Credit Suisse and UBS.

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Andrew Blease

Associate Managing Director

Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Infrastructure Finance

Associate Managing Director

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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Helen Francis

Vice President – Senior Credit Officer

Infrastructure Finance

Moody's Investors Service

Moody's Investors Service

Infrastructure Finance

Vice President – Senior Credit Officer

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

Financial Institutions Group

Vice President - Senior Analyst

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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Akintunde Majekodunmi

Vice President – Senior Credit Officer

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President – Senior Credit Officer

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

Corporate Finance Group

Vice President – Senior Analyst

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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Nondas Nicolaides

Vice President – Senior Credit Officer

Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group

Vice President – Senior Credit Officer

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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Antonio Tena

Vice President - Senior Analyst

Structured Finance Group

Moody's Investors Service

Moody's Investors Service

Structured Finance Group

Vice President - Senior Analyst

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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Lucie Villa

Vice President – Senior Credit Officer

Sovereign Risk Group

Moody's Investors Service

Moody's Investors Service

Sovereign Risk Group

Vice President – Senior Credit Officer

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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Dion Bate

Vice President - Senior Analyst

Corporate Finance Group

Moody's Investors Service

Moody's Investors Service

Corporate Finance Group

Vice President - Senior Analyst

Dion Bate

Dion is responsible for South African and Turkey based corporates covering a diverse range of sectors which includes REIT’s, Telecoms, Transportation/Logistics, Diversified Conglomerates and Investment Holding Companies. 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

Sub-Sovereign Group

Lead Analyst

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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Further information

Registration is closed now - Waitlist available

Any questions please contact:

Sara Soriano

Assistant Director - Events & Outreach

sara.soriano@moodys.com