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Welcome

Strategic Growth Forum Africa 2015Accelerating progress A better story, told better

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About the Strategic Growth ForumThe EY Strategic Growth Forum (SGF) is a gathering of high-growth, market-leading companies. This event brings together top executives, entrepreneurs, advisors, investors and other business leaders.

This is the 4th Strategic Growth Forum hosted on African soil. The focus of our event is exclusively on Africa: on the strategic growth opportunities that the continent offers and the challenges that need to be addressed to realize these opportunities. SGF Africa has established a reputation as an unparalleled opportunity to network, share ideas and challenges, and learn from those who are doing business and implementing government policies across Africa.

It gives us great pleasure to honour this year’s finalists in the Southern Africa Region. The 2015 finalists are a diverse group of brilliant men and women who are playing a vital role in creating and sustaining economic growth not only in Southern Africa, but across the globe. As a group they contribute in excess of 21 000 jobs to the economy and have grown their business by an average of 36% over the last 3 years - well in excess of GDP growth rates. Please review the Mobile event app for their profiles.

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In the past year, Africa has experienced stronger headwinds than in recent times. Consequently economic growth this year is likely to be at its lowest in five years, dragged down by a faltering global recovery and lower commodity prices. Our most recent Africa attractiveness survey reveals that investor sentiment towards Africa has slipped slightly, and that foreign direct investment (FDI) projects are down for a second consecutive year.

At the same time, however, economic growth across the continent remains resilient. Despite the headwinds, average growth in Sub-Saharan Africa (SSA) will continue to outpace the emerging markets average, and the region will still experience the 2nd highest economic growth rate in the world this year. Economies like Ethiopia, Kenya, Tanzania, Mozambique, Zambia and Cote d’Ivoire are among 17 SSA economies the IMF expect to grow at 5%+ this year.

Our data also shows that, although the number of FDI projects fell this year, the value of those projects increased significantly, as did the number of jobs created as a result of those investments. In fact, the capital value of FDI was by far the highest we have seen over the past 5 years, so much so that, as a region, Africa received the 2nd highest amount of FDI in the world in 2014. We do not know yet whether this is sustainable, but, at the very least, it is cause for celebration.

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Accelerating progress A better story, told better

This mixed picture is not surprising. It reflects the diversity and complexity of this great continent of ours – there is never a one size fits all answer. Perspective remains important.

However, Africa’s future will not take care of itself. Although Africa’s economic growth has been impressive over the past 15 years, poverty and inequality remain intractable realities. With the fastest-growing population in the world, we face a tough challenge to create the jobs and economic opportunities that will lift ever greater numbers of Africans out of poverty.

To shift onto a more inclusive and sustainable growth path, African economies must close the competitiveness gap with other emerging markets, get more people working, deepen their resilience, create more consumers and increase domestic demand. This “high road” scenario will build on the foundation of 15 years of economic, political and social progress, with Africa evolving towards becoming a significant global economic power with more diverse, sustainable economies and growing prosperity for its people.

Ours has been, and remains, a glass half full perspective. We remain confident that, despite economic headwinds, the Africa rising narrative remains intact and sustainable.

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Agenda The emphasis of this years’ SGF Africa will shift focus to what can actually be done to accelerate Africa’s progress.

Tuesday | 3 November | @ Sandton Convention Centre, Maude Street, Sandton

Monday | 2 November | @ EY 102 Rivonia Road, Sandton

Where to go?° Level -1 Registration° Level -2 Networking lounge° Level -2 Main plenary and breakout sessions

EY World Entrepreneur Retreat. By invitation.

SGF2015 Early registration – EY, Connect Lounge, Ground Floor

Cocktails and networking - EY, 7th Floor SkyDeck

Official opening and cocktail reception with special guest, the Deputy President of the Republic of South Africa, Mr Cyril Ramaphosa. He will provide a keynote address and engage in a fireside chat with Ajen Sita, EY Africa CEO. We look forward to hosting you, as we focus on accelerating our progress and telling the better Africa story.

The official proceedings will commence at 6:30pm with seating taking place at 6:15pm.

15:00

08:30 - 17:00

17:00

18:00 – 20:30

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Official opening by Andile Khumalo, SGF2015 MC

Welcoming keynote address - The Premier of Gauteng, Mr David Makhura

08:45

09:30 Beyond the headlines: Accelerating progress in Africa.

Introductory address by moderator Sunil Kaushal, Regional CEO, Africa & Middle East - Standard Chartered Bank.

African economies have been among the fastest growing in the world over the past 15 years. Africa is urbanising at the fastest rate among global regions, and the largest urban explosion of young people will be in Africa. With rapid urbanisation and growing populations, major investment is required in infrastructure and institutions. Amongst the hype, and within this changing context. What does it take to successfully do business on the continent? What are some of the hard lessons learned? What are the myths and what are the realities?

- Gerald Mahinda, CEO Sub-Saharan Africa, Kellogg- Thomas Konditi, CEO, Sub-Saharan Africa, GE Transport- Kaja Natland, MD, Sub-Saharan Africa, MSD- Ram Ottapathu, CEO, Choppies Group- Dr ABC Orjiako, Chairman, SEPLAT Petroleum Dev Co. Plc

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Break – Networking lounge

The lingering perception gap: Telling a better story about Africa

Introductory address - A new African narrative: Telling a better story by moderator Thebe Ikalafeng, CEO, Brand Leadership

The gulf between mature and rapid-growth countries continues to shrink, but despite growing levels of investment and generally improving investor sentiment towards Africa, negative perceptions endure. Africa is often viewed as a high risk, difficult, and sometimes dangerous place, and these perceptions generally relate to a deep-seated view that Africa is more politically unstable, more corrupt, and a more challenging place to do business than anywhere else in the world. The facts should tell a different story, but often that story is not told well enough, for individual economies and for Africa as a whole. However, what cannot be ignored is that global economic power will continue shifting to rapid-growth economies such as Sub-Saharan Africa with developing economies continuing to grow their share of capital inflows and outflows as trade-flow patterns undergo continued transformation. What can be done to shape better stories for African economies? What are the mechanisms and underlying conditions that need to support these better stories? Are there existing success stories that others can learn from?

- Mawuena Trebarh, CEO, Ghana Investment Promotion Centre- Kuseni Dlamini, Chair, Massmart Group- Jovial Rantao, Managing Editor, African Independent- James Newlands, Lead Partner EY Africa-Americas Business Center

10:45

11:15

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Lunch – Networking lounge12:30

Please join us for lunch in one of the two key sessions taking place in the breakaway venues located in the Networking lounge. Availability on a first come first served basis.

Session 1: Investment opportunities in Ghana

Hosted by Mrs. Mawuena Trebarh, CEO, Ghana Investment Promotion Centre

AKWAABA, it’s an expression you will hear several times daily as you travel around Ghana, one that will ring in your ears at night, and bring a smile to your face for weeks after you leave. Welcome to a haven that combines the charms of a tropical beach idyll with a fascinating historical heritage, rich cultural variety, and some interesting wildlife in the national parks. There are various opportunities for foreign investors in the tourism and other sectors of the economy.

Session 2: The Glass Ceiling: In Corporate Africa

On a global scale, women are seemingly excluded from corporate leadership especially at the CEO level; and it’s no different in Africa. According to a recent study by EY, at the current rate, it will take 80 years before gender parity is achieved in corporate leadership. Corporates cannot afford to wait that long and have to take deliberate action to address the gap in leadership. If women continue to be ‘excluded’ the gap simply widens. So what are some of the barriers women face in ascending to leadership positions in corporates? Are the circumstances in Africa similar to those for working women in the western world? What strategies can be adopted to help improve the numbers and maximise the contribution of women in corporates in Africa? This session highlights key challenges.

- Catherine Townsend, Endeavor SA- Deshnee Naidoo, CEO Zinc International & CMT- Johanna Mukoki, Group CEO of TWF- Nancy Onyango, EAC Risk Transformation, EY- Uschi Schreiber, Global Vice Chair – Markets, EY

12:30

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Fostering entrepreneurship in Africa

Moderated by Ajen Sita, CEO, EY Africa

Entrepreneurs form one of the main engines of growth in any healthy economy as the growth and prosperity of all economies remains highly dependent on entrepreneurial activity. They act as vital agents of change by developing new products and services, implementing more efficient production methods, and creating new business models and industries. Small and growing businesses (SGBs) create the jobs and economic opportunities that sustain families across the continent, and will be essential if Africa’s burgeoning population is to be a source of economic growth rather than social unrest. Supportive environments are increasingly essential to successful entrepreneurship, with more of these evolving to underpin entrepreneurial growth. Access to funding for entrepreneurs remains their biggest hurdle, however smart governments are creating a range of mechanisms and institutions to provide entrepreneurs with financing options. What is being done to support the development of local entrepreneurs? What are some examples of successful indigenous growth companies? How do we further accelerate their development?

- Jannie Mouton, Founder, PSG Group- Asher Bohbot, CEO, EOH Holdings- Divine Ndhlukula, MD SECURICO- Kennedy Bungane, CEO, Pembani Group- Therese Gearhart, Pres, Southern Africa, The Coca-Cola Company

Building a better working world: Purpose with profit

Moderated by Jon Shepard, Director, Enterprise Growth Services, EY

It is EY’s view that that the competitiveness of private companies and the health of the communities and economies around it are mutually dependent. We recognize that our purpose – to build a better working world – and the profit motive can co-exist and be mutually reinforcing. This is particularly the case in Africa, where poverty and inequality remain intractable challenges. It has been identified that the drivers of entrepreneurial activity in rapid-growth markets such as Africa are moving from entrepreneurship arising out of necessity to entrepreneurship arising from opportunity, with an increase in innovative rapid-growth market start-ups expected. This session celebrates private sector pioneers - ‘social entrepreneurs’ who are building profitable, low-cost, highly-scalable businesses to help address some of the fundamental challenges we face if we are going to transform our economies and drive sustainable, inclusive growth. Enabled by new technologies and evolutions in the capital markets, these pioneers are bringing affordable education, sanitation, clean water, off grid power, healthcare etc to millions of emerging consumers in Africa.

- Afshin Ghassmi, Portfolio Manager East Africa, Acumen- Dr Ernest Mureithi, CEO, Miliki Afya- Dr Tashmia Ismail, Head of Inclusive Markets Programme, GIBS- Chinezi Chijioke, CEO, Pioneer Academies- Sanda Ojiambo, Head of CSR, Safaricom Foundation

13:30

14:30

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EY World Entrepreneur Awards Gala Dinner & Award Ceremony

The Sandton Convention Centre, Maude Street, Johannesburg

Dress: Formal / traditional (no Black-tie required)

Close of plenary. Refreshments served in the Networking lounge

18:30 for 19:00

15:30

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Please join us for breakfast to discuss: Manufacturing excellence in Consumer Products

Establishing competitive advantage through manufacturing excellence is more relevant now than ever, particularly in the South African and broader African context. As margins are squeezed, and with ever increasing pressure to increase local content, companies that can drive significant efficiency and productivity improvements in their manufacturing processes will have a significant performance advantage.

We would like to invite you to share some real world experiences of companies that have achieved substantial improvements by reinvigorating their manufacturing operations. - Mark Peterson from Procter & Gamble will share how their approach to Manufacturing

Excellence has made them one of the leading companies in the world.- Nisaar Ebrahim from British American Tobacco will share how they have reinvigorated their

operational excellence programs in South Africa. How they did go about it, what worked / didn’t, what results they achieved, how they sustain it, etc.

- Bettina Klein from EY will share how we have assisted other companies to drive margin growth through efficiency and productivity savings. She will share case studies how companies have improved OEE by 40+, improved throughput by 30% and reduced unplanned downtime by 35%.

We congratulate the category winners of EY World Entrepreneur Awards – Southern Africa 2015

Day 2 – 2015 Strategic Growth Forum – Africa

Welcome by Andile Khumalo, SGF2015 MC

07:15 – 08:30

09:00

09:15

08:45

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Wednesday | 4 November | @ Sandton Convention Centre

Reflecting on a decade of progress

Lerato Mbele, BBC Africa - in conversation with Donald Kaberuka the former President of the African Development BankDr Kaberuka recently stepped down as the President of the African Development Bank, a positon he held since 2005. He is widely respected across the continent and beyond as a person, leader and financial expert, and has been among those at the forefront of the continent’s rise over the past decade. His legacy at the Bank is very impressive, and he hands over a AAA-rated institution that is playing a key role in the development of the private sector, acceleration of regional integration and bridging of the infrastructure gap across the continent.

10:00

Navigating the economic headwinds Moderated by Mark Otty, EY Area Managing Partner, Europe, Middle East, India and Africa Many Sub-Saharan African economies will register another year of solid growth, although in the past year we have experienced stronger headwinds than in recent times. Consequently economic growth this year is likely to be at its lowest in 5 years, dragged down by the impact of lower oil prices, the softening of other commodity prices, as well as the slowdown in the Chinese economy. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. A still sluggish global economy and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remain key to sustain high and inclusive growth, generate jobs for the rapidly growing young population and foster integration into global value chains. How can African economies tackle the shorter term challenges while ensuring that we are accelerating progress towards inclusive, sustainable growth?

- Zweli Mkhize, Treasurer General, African National Congress, South Africa- Ambassador Markus Cornaro, Head of the EU Delegation in Southern Africa- Youssouf Fadiga, Special Advisor to Minister of the Budget, Cote d’Ivoire

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Panel conversation: Accelerating structural transformation in African economies

Moderated by Lerato Mbele, BBC Africa

Although Africa’s economic growth has been impressive over the past 15 years, poverty and inequality remain intractable realities. As we look forward, it is clear, that in order to achieve more inclusive growth and substantially reduce current levels of poverty and unemployment, there is a need to accelerate the process of structural transformation in many African economies. Although the commodities boom has not been the only engine of Africa’s economic growth, many countries remain heavily dependent on revenues from natural resources and are vulnerable to external upsets. So they need to develop other strategic sectors urgently, such as manufacturing, construction and agriculture. This will not only lessen their dependence on commodities, but expand the private sector, increase productivity and, most importantly, create jobs and broader economic opportunities. What is possible? What is realistic given past experiences and current realities? What sectors offer the greatest potential for driving inclusive, sustainable growth?

- Donald Kaberuka, former President, African Development Bank- Razia Khan, MD, Head, Africa Research, Standard Chartered Bank- William Pollen, Programme Director, Invest In Africa- Ali Mohamed, Head of Africa, Qatar Financial Centre

Panel conversation: Promoting more effective partnerships between business and government

Moderated by Uschi Schreiber, Global Vice Chair – Markets, EY

Productive partnerships between government and business are critical to accelerating Africa’s progress. African governments are making progress towards creating more business friendly environments, and more governments are encouraging private investment and implementing public-private partnerships. The public and private sector each have an important role to play in creating entrepreneurial ecosystems that, in addition to funding, are essential to promoting entrepreneurial success. Unfortunately though, relationships between governments and businesses across many parts of the continent are still not always as engaged and productive as they could and should be. By most measures, Africa also remains one of the most difficult regions in the world in which to do business. What can be done to promote more productive partnerships, and accelerate the process of business enablement? How can we ensure sustainable win-win relationships and effectively drive an agenda of shared value?

- Rosalind Kainyah, Founder, Kina Advisory- Paul McDade, Chief Operating Officer, Tullow Oil- Hamilton Ratshefola, SA Country Manager, IBM- William Asiko, CEO, Investment Climate Facility for Africa

Break - Networking lounge

10:30

12:00

11:30

Guest speaker: Vusi Thembekwayo

Known as the “Rock Star of Public Speaking”. When your business has hit a plateau and your people are suffering from “sameness” - same market, same work, same strategy and same result – you need to radically shift their behaviours to improve results. Vusi has worked in 17 countries in 4 continents assisting business leaders to radically shift their people performance.

13:00

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Reflections on SGF2015. The better the question, the better the answer – the better the world works

In conversation with Ajen Sita, CEO EY Africa and Mark Otty, Area Managing Partner, EY EMEIAFacilitated by Andile Khumalo

Breakaway sessions

Please join us for key and topical sessions taking place in the breakaway venues located in the Networking lounge. Availability on a first come first served basis.

13:15

14:45

Lunch - Networking lounge

Session 1: Private Sector Development: Entrepreneurship & Employment Creation African economies have been among the fastest growing in the world for the past 15 years. However the current regime of low commodity and oil prices is negatively impacting this high economic trajectory. Reduced growth will affect current efforts by African Governments to address current high employment rates, especially among the youths. How can the private sector play its part in entrepreneurship and employment creation? How can government partner with private sector, with support from developmental partners to address this issue? Are there any lessons that can be drawn from other countries? Panel moderated by Dex Agourides, EY International Development & EU Account Panel:- Ambassador Markus Cornaro, Head of the EU Delegation in Southern Africa- Ambassador, Dr Kipyego Cheluget, Deputy Secretary General, COMESA- William Pollen, Invest in Africa

Session 2: Disruption and transformation in Financial Services – overcoming challenges, seizing opportunities, delivering results.

The financial services landscape is changing more rapidly now than perhaps ever before. Large organisations are adapting to new regulations and compliance requirements while still fixing legacy issues. At the same time, we literally have thousands of new entrants, using the latest technology to attack different parts of the banking value chain and disrupt the status quo. And then there are the customers - more demanding, greater expectations, less loyal. What does all of this mean for the industry? How do financial services companies respond?

Session 3: The tax landscape in Africa: what business leaders need to know

This session will be led by EY tax partners who work with clients on African tax issues on a daily basis. It will be a practical session including a summary of trends and developments in tax in Africa and where EY sees these moving and how companies should adjust to respond to these tax developments.

14:00

Break15:45

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SGF Africa 2015 closesPlease join us for informal networking and cocktails.

17:00

If you would like to connect with an EY representative, these meetings will take place on Thursday, 5 November and will be held at EY,102 Rivonia Road, Sandton.

In addition to attending the Forum, this is an excellent opportunity for you to discuss your issues and growth objectives with some of our most experienced colleagues from across Africa and globally.

Please contact Deidre van Rooyen via the Mobile event app or on deidre.vanrooyen@za.ey.com

Thursday | 5 November | @ EY 102 Rivonia Road, Sandton

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Breakaway sessions

Session 4: Meet the investors with special guests – The Dragons Den

Seventy-nine percent of local entrepreneurs say that access to funding is difficult for them. More positively, though, some 69% of local entrepreneurs surveyed by EY in a recent study have seen an improvement in microfinance, bank lending, angel investors and venture capital, while 53% also report improvements in the availability of Government funding. Access to funding is viewed by survey respondents as vital for accelerating growth in entrepreneurship. Overall, South Africa has a highly mature financial sector, and many believe there is enough funding in the marketplace. However, funds are not made easily available to entrepreneurs, and much of the capital is often too expensive, which limits the growth of promising ventures. The focus of the session is to explore the regional ecosystem and consider what makes a business investable and what factors both entrepreneurs and funders consider when approaching the issue of growth capital.

Panel moderated by Cheryl-Jane Kujenga, EY Strategic Growth Markets Leader Africa- Braam Van Huyssteen, Founder and major shareholder of Tekkie Town- Graham Stokoe, EY Africa Private Equity Leader

Joining this session are entrepreneurs:

- Polo Leteka Radebe - venture capitalist and Gil Oved whose portfolio includes digital, activations, production and field marketing services. Both Polo and Gil are best known as part of the “Dragons” - a group of investors who offer ordinary South Africans investment in their businesses - in the reality show Dragons’ Den.

Session 5: The Boardroom Cockpit

How will you know that your business is in control and what risks your business is facing? In today’s fast moving economy, management needs real-time reporting of current events, incidents and how the business is tracking against its objectives. “Every challenge and every opportunity an organization faces today demands change. And with change comes risk. We help our clients see all sides of risk: find where there’s opportunity in risk, protect against the risk you can see and identify risks you don’t know about yet.” Paul van Kessel, EY, Global Risk Leader

Speaker: Gavin Campbell, EY Partner and SAP Governance, Risk and Compliance (GRC) specialist

16:00

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Transfers and shuttlesFor those landing at OR Tambo Airport, the most efficient mode of transport would be the Gautrain. The Gautrain is Africa’s first world-class, modern rapid rail and bus service.For more information on schedules and costs please review: www.gautrain.co.za.

A shuttle service will be available for the duration of the Forum for travel in and around the Sandton CBD. Alternatively there are approved cabs stationed at the Gautrain station in Sandton for your own account, directly opposite 102 Rivonia.

Please visit the Travel Desk for more information and assistance at the Forum venue.

102 RivoniaOn arrival at the Gautrain station in Sandton, you will be directly across the road from the EY offices on 102 Rivonia Road. If you find yourself waiting to check into your hotel, please feel free to come to EY, 102 Rivonia to use our facilities. You are welcome to make use of the Connect Lounge and Rivonia Podium on the Ground floor.

Our concierge team will be available to assist you.

Enjoy your stay

Dress code For the Forum, dress code is business casual and for the Gala Dinner please attend in Formal or Traditional (no-black tie)

Have you downloaded our event app yet?

This year we are very excited to enhance the connectivity of the Forum with our SGF2015 mobile event app.

You can use the app to engage with our participants, check on the Forum agenda and speakers, as well as share photos and thoughts - all while seeing what other delegates are up to via the Activity Feed.

We encourage you to participate via social media with @EY_Africa using the hashtag #eysgfafrica which will also be shared on the application.

Please check your email as we have sent through instructions on how to download the app. Should you require assistance our Event team are ready to assist.

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2 - 4 November 2015, Johannesburg, South Africa

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