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Wharton Africa Conference 2007 Opening address by SACCA President Euvin Naidoo

Wharton Africa Conference 2007 Opening address by SACCA President Euvin Naidoo.

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Wharton Africa Conference 2007 Opening address by SACCA President Euvin Naidoo

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  1. Wharton Africa Conference 2007 Opening address by SACCA President Euvin Naidoo

  2. Treasury Secretary Paulson Travels to AfricaU.S. Embassy (11/02/07)Treasury Secretary Henry M. Paulson, Jr. will travel to Tanzania, South Africa, and Ghana in November to attend the meeting of G-20 Finance Ministers and Central Bank Governors and discuss the positive economic changes taking place on the continent with government and business leaders.Africa is experiencing its highest rates of growth and lowest levels of inflation in 30 years, prompting increasing investor interest in the continent. Secretary Paulson will use his trip to discuss the underpinnings of Africa’s recent growth and explore ways in which the international financial community can further support Africa’s development. Additionally, Secretary Paulson will be highlighting the importance of conservation efforts in Africa and the complementary role they play with economic growth.The Secretary will be in Arusha, Tanzania on November 15 to co-host with [the] Tanzanian Finance Minister … a discussion on regional financial integration with the other finance ministers of the East African Community.He will then travel to Cape Town, South Africa where he will deliver remarks November 16 at the U.S.-Africa Business Summit organized by the Corporate Council on Africa. He will attend the meeting of G-20 Finance Ministers and Central Bank Governors in Kleinmond, South Africa on November 17 and 18. On November 19, Secretary Paulson will be in Ghana to meet with President John Kufuor and co-host with Ghanaian Finance Minister Kwadwo Baah-Wiredu a meeting with private-sector financial leaders on financial sector development in West Africa.

  3. South Africa hosts US investor roadshowBy Martin Arnold in London South African private equity firms hope to collect hundreds of millions of dollars from some of the biggest US investors, who are visiting the country this week in a push to increase their investments in African buy-outs. The investors - including Washington State University, Chicago Teachers Pension Fund and Los Angeles City Fire & Police Retirement System - are to spend five days in Johannesburg and Cape Town, hunting for opportunities. Several pension funds on the roadshow - the biggest to date - have no direct investments in African private equity firms. Some of the bigger US funds, such as Calpers, have already invested several hundred million US dollars in African private equity. Investments in African private equity have more than doubled in a couple of years, as big US, European, Middle East and Asian institutional investors have raised their allocation to emerging markets and sought to diversify their portfolio. Fears the US and European economies could be about to slow down and worries about the credit squeeze impact on "mega buy-outs" in these markets have prompted investors to look for opportunities elsewhere. Peter Schmid, head of African operations at Actis…said Africa was "the last frontier of investment in the globe and a very under-penetrated market".

  4. “The ANC is a typical terrorist organisation…. Anyone who thinks it is going to run the government in South Africa is living in cloud-cuckoo land” -British Prime Minister Margaret Thatcher, 1987 “…[When] I was in South Africa… I spoke to a parliament freely elected by all South Africans and that great country is… back where it belongs. And what a tribute that is, to the statesmanship and the vision of Nelson Mandela…" -British Prime Minister John Major, 1994

  5. "Some men see things as they are and say, 'Why'? I dream of things that never were and say, 'Why not'?" -JFK

  6. Leapfrogging • technology Innovation from the Base of the Pyramid • Africa • Creative • creation Creative destruction

  7. Public Civic/Social Private

  8. Public • Legitimacy • Institutions • Structure • Inputs Civic/Social Private

  9. Public • Innovation • Drive for • change • Safety check Civic/Social Private

  10. Public • Not just about • Entrepreneurs • BUT • Scale & • replication* Private Civic/Social * Governance becomes more crucial

  11. www.sacca.biz

  12. "The future does not belong to those who are content with today, apathetic toward…problems… timid and fearful in the face of bold projects and new ideas. Rather, it will belong to those who can blend passion, reason and courage in a personal commitment to the great enterprises and ideals of…society." -JFK,Address, University of California at Berkeley, October 22, 1966

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