SOUTH AFRICA ITALY SUMMIT Building a community of leaders for growing their enterprises in the two countries and continents

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1 Cape Town, October 2, 2014 If a man does not know to which port he is steering, no wind is favorable SOUTH AFRICA ITALY SUMMIT Building a community of leaders for growing their enterprises in the two countries and continents Press conference 2014 The European House - Ambrosetti S.p.A. ALL RIGHTS RESERVED. This document is property of TEH-A. It may not be reproduced, memorized for storage in an electronic data base or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or other), in whole or in part, without the express written consent of TEH-A.

2 South Africa Italy Summit Thursday, October 2 and Friday, October 3, 2014, Cape Town Participants 100 business and political leaders (50% from South Africa/Africa and 50% from Italy/Europe) Among the speakers: Maria Chiara Carrozza, Former Minister of Education, University and Research, Italy Alec Erwin, Former Minister of Public Enterprises and Minister of Trade and Industry, South Africa Pravin Gordhan, Minister of Cooperative Governance and Traditional Affairs, South Africa Mthuli Ncube, Chief Economist and Vice President, African Development Bank Tseke Nkadimeng, CEO, Afric Oil Ndaba Ntsele, Executive Chairman and Co-Founder, Pamodzi Group Lapo Pistelli, Vice Minister of Foreign Affairs, Italy Vincenzo Schioppa, Ambassador of Italy in Pretoria, South Africa Iqbal Survé, Founder and Chairman, Sekunjalo Group Nomatemba Tambo, Ambassador of South Africa in Rome, Italy 2

3 Vision and aims of the project LONG-TERM VISION Build an exclusive community of leaders from South Africa and Italy to reinforce the strategic relationship between the two countries and exploit new opportunities, particularly in Sub Saharan countries 2014 OBJECTIVES 1. Set up a highlevel Summit exclusively for leaders from South Africa and Italy 2. Emphasize opportunities for South African and Italian businesses 3. Provide South African and Italian leaders with innovative ideas to shape their strategies 3

4 Why we started this project 1. Sub-Saharan Africa is booming +6% GDP growth on average in the last decade, +80% of middle class by 2020, 4x household final consumption from South Africa is a strategic hub Leading economy in Africa with the most developed infrastructural system, #2 emerging investing market in the world, #2 most integrated country (among the BRICS) in global value chains 3. Industrial systems of South Africa and Italy are complementary Strong manufacturing (>12% GDP), specialization on mediumtechnology processes and products, strong presence of SMEs 4

5 Main partners With the patronage of: Special thanks to: Media partner: 5

6 Steering Committee Marco Bartolomei (Chairman, 8a+ Investimenti SGR) Gustaaf Eerenstein (Senior Relationship Manager, Standard Bank) Mario Gasparri (Chief Executive Officer, CNH Industrial South Africa) Fabio Marazzi (Board Member, EXPO 2015) Paolo Olivero (Country Leader South Africa, CLN-MA Group) Giovanni Puglisi (Chairman, Fondazione Sicilia) Stefano Simontacchi (Managing Partner, Bonelli Erede Pappalardo Studio Legale) Fabrizio Zago (CEO, Building Energy) Mario Zini (Country Manager, DHL Global Forwarding Italy) Paolo Borzatta (Senior Partner, The European House - Ambrosetti) Nico de Kock (COO, Grown Consulting; Partner of TEH-A in South Africa) 6

7 Advisors Alec Erwin (Former Minister of Public Enterprises and former Minister of Trade and Industry, Government of South Africa) Maurizio Mariano (Attorney, Founder and Director, BBM Law firm) Ignazio Moncada (Chairman, Fata Group) Tseke Nkadimeng (CEO, Afric Oil) Ndaba Ntsele (Executive Chairman and Co-Founder, Pamodzi Group) Andrea Riccardi (Former Minister for International Cooperation, Government of Italy; founder, Community of Sant'Egidio) Vincenzo Schioppa (Ambassador of Italy in Pretoria, South Africa) Iqbal Survé (Founder and Chairman, Sekunjalo Group) Nomatemba Tambo (Ambassador of the Republic of South Africa to Italy) 7

8 Sub-Saharan Africa offers enormous opportunities that South Africa and Italy, in partnership, could exploit Population Consumer spending Food demand Housing ICT infrastructure Transport infrastructure Energy infrastructure Irrigation Water supply & sanitation Potential (est. to 2030) 2x by 2050 (close to 2 billion people) >$2 trillion +3% per year $90 bn per year (60 m new housing) $9 bn per year $20 bn per year $50 bn per year $4 bn per year $22 bn per year Source: TEH-A on World Bank, African Development Bank data 2011, FAO

9 Opportunities in Manufacturing SSA requires products with improved standards and industrialization Italy has world-class SMEs in the machinery, plant and equipment sectors which are looking for partners to grow abroad South Africa and Italy have several complementary value chains A. Plants in South Africa for producing machinery, plant and equipment for key sectors (food, housing, textile, health, etc.) B. Joint ventures for installing plants in other SSA countries C. Joint Italy-South Africa clusters in SA to produce automotive components (to be integrated into SA s assembly sector), textile and fashion, furniture (with high design content) 9

10 Opportunities in Agroindustry Food demand will grow exponentially in Sub Saharan Africa Food security is an issue throughout SSA Agroindustry is key to development A. Public/private funded integrated agro-industrial parks in Sub- Saharan Africa (for local production and export) B. Joint ventures between South African and Italian universities for sharing know-how and competences (focus: food security, seed and fertilizers, water management and irrigation, farm equipment, GMOs) C. Task force to adapt the Italian cooperative model to South Africa 10

11 Opportunities in Energy Energy is a key driver for economic, industrial and social development of SSA South Africa is planning to build 42.3 GW by 2030 (doubling current capacity) Sub-Saharan Africa s energy gap worth $50 bn per year; SADC* members alone are expected to invest more than US$200 bn in the next 15 years A. JV to produce systems for distributed energy generation to be sold in Sub-Saharan African countries B. JV for the deployment (starting from South Africa) of smart grids and active grid management C. Cooperation agreement at university-level in the field of energy efficiency, training of technicians, training of off-grid communities (*) Southern African Development Community 11

12 THANK YOU 12