GOVERNMENT INSTITUTIONS PENSION FUND NAMIBIA

GIPF hosts Unlisted Securities Market Conference in Windhoek.
The Government Institutions Pension Fund organised an Unlisted Securities Market Conference at the Safari Hotel in Windhoek on 28-30 August 2007, facilitated by Group Africa Growth Holding (Group AGH). The conference was attended by 150 participants from the financial services industry as well as policy makers. The quality of the agenda and speakers as well as the subsequent debate was robust and useful.

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Mr. Martin Mwinga, Portfolio Manager – Rand Merchant Bank

Mr. Vekuii Rukoro , President–Namibia Employers Federation

his presentation looks at the role of business in transitions to democracy and in socio-economic development. The objective is to initiate a process of thinking about business as a social actor and to canvas the strategic implications of this for business actors. The speaker ultimately seeks to interrogate how the resources of business and government can be combined, co-coordinated and mobilised in areas of common interest to accelerate the achievement of national objectives.

Dr David N Abdulai, Executive Director – UNISA Graduate School of Business Leadership.

Professor Victor Murinde,  University of Birmingham, UK

Mr. Rainer Ritter – CEO - NAMFISA

Mr.  M.K. Ahmad -  Director General - Nigerian Pensions Commission

Dr Tjama Tjivikua – Rector - Polytechnic of Namibia

Mr. Vuyo Jack – Managing Director – Empowerdex

Mr. Frederick Chike – Managing Director – Facet Investments, UK

Mr. Reginald Ihebuzor – Director - Bureau for Public Enterprises Nigeria.

Ms. Tryphosa Romano – CFO – Wiphold.

Mr. Owen Maubane – CEO – IDG Financial Services

The objective of this presentation is to engage delegates as to the critical importance of entry and exit decisions to maximize value when financing a private equity transaction. The presentation looks at the different motivations of private equity investors, including capital gains, annuity cash flows, and based on the strategy of the private equity practitioner, proposes entry and exit strategies to maximize returns. The presenter also looks at the role of private equity in providing specific financial products not available through mainstream institutions such as banks, to nurture emerging enterprises.

Mr. Fanie Leach - Director – Salamander Capital; Former MD ABSA Corporate & Merchant Bank

This session seeks to discuss what any equity or capital investor needs to consider before committing capital to an enterprise.

Mr. Animashahun  –  Managing Director – Investec Asset Management (Africa)

The objective of this session is to look at a real life transaction that occurred, and where various difficulties in the financing, operations and management of the enterprise arose. The intention of the case study is to reflect how latent problems present adverse financial symptoms, and ultimately how these may manifest themselves by way of sub par business performance.

Dr. Edward Whitehouse – Principal Economist, OECD

This presentation provides a non-technical introduction to home bias and its role in capital market development. The speaker ultimately proposes methods by which a home bias policy can be implemented whilst putting in place appropriate risk management procedures to address the downside of any such policy.

Mr. Garth Greubel - CEO -  Bond Exchange of South Africa

The presenter shares the experience in expanding the corporate debt market in South Africa, which has grown exponentially from its fledgling stage 8 years ago. He highlights potential pitfalls in increasing the liquidity and depth of these markets in a developing economy, and factors that will enhance the attractiveness of corporate debt listings to corporates requiring capital. Finally he will address how the corporate bond market can be used by unlisted companies to access debt which would not otherwise have been accessible, and therefore help facilitate economic growth.