The Future Unveiled – Africa 2050 and Beyond: Where is SA Inc?

The Elephant in the Room returns to confront the big, often unspoken questions, this time about Africa's economic future.

Join host Michael Summerton as he leads the conversation with Sim Tshabalala, Group Chief Executive of Standard Bank Group,  Charles Molapisi, CEO of MTN South Africa, and James Holley, CEO at Traxtion.

The conversation focuses on long-term visions for 2050 and beyond as opposed to the noise of the current 'Year of Elections'.

Considering recent Goldman Sachs forecasts and insights from McKinsey that delineate a mixed economic performance – highlighting Nigeria's potential ascendance to the fifth largest economy in the world by 2075 and South Africa's steady growth amid broader continental stagnation – this discussion will tackle how Africa can capitalise on its demographic dividends to forge a prosperous future.

Watch now to join in the conversation as our guest speakers position South Africa against this backdrop and map a route to get to the best possible outcome.

About the Webinar:

1. Africa’s Economic Outlook for 2050 and beyond
   • Analysis of Goldman Sachs' predictions highlighting Nigeria’s potential rise to become the fifth largest economy in the world.
   • Discussions will tackle McKinsey’s findings on Africa's rapid urbanization, the burgeoning role of major corporations, and strategic avenues for reigniting economic growth through infrastructure and regional cooperation.
   • Insights into the current landscape of African corporations from the unique perspective of two CEOs, where (according to McKinsey) at least 345 companies boast revenues exceeding $1 billion, with varied growth trajectories. Discussion on how these corporations can potentially boost their revenues significantly by 2030 through market expansion and productivity enhancements.
2. South Africa's Economic Growth and Challenges:
   • Insight into Goldman Sachs' forecast of an average 2.5% growth rate for South Africa over the next couple of decades and what it means in the context of Africa's broader economic dynamics.
   • A debate on the factors influencing South Africa's economic trajectory including governance, policy frameworks, and international economic shifts.
3. Comparative Analysis with Other Emerging Economies:
   • A discussion on how South Africa's projected economic growth stacks up against other emerging powerhouses like China, India, Indonesia, and Nigeria.
   • Identification of strategic moves South Africa can implement to maximize its economic standing and influence in the global arena.
4. Strategic Implications for South Africa INC.:
   • A dialogue on actionable strategies for South African businesses to thrive in an evolving economic landscape.
   • Considerations of innovation, technology, and education as pivotal drivers for competitive advantage.