Junk status-now what?

Sibongile Nkawu: +27 11 771 4390


After President Zuma’s decision to reshuffle his cabinet, which saw the axing of Finance Minister Pravin Gordhan the country was downgraded to junk status by two international agencies. Join Dr Adrian Saville, Professor Nick Binedell, Moeletsi Mbeki, Iraj Abedian, Colin Coleman and Cas Coovadia for a discussion on the economic fate of our country. What impact does junk have on growth and investment and what policy changes are likely to be implemented. Could a vote of no confidence against the President restore SA’s credit ratings and if that doesn’t happen how should business realign its strategy to ensure that jobs are not lost, investment continues and a recession is avoided. ​


  • Professor Nick Binedell, GIBS
  • Professor Adrian Saville, GIBS and chief strategist, Citadel
  • Moeletsi Mbeki, political author and commentator
  • Iraj Abedian, chief executive at the Pan-African Investment and Research Services
  • Cas Coovadia, MD, The Banking Association of South Africa 
  • Colin Coleman, MD, Goldman Sachs

Additional Info

Registration: 17:45-18:00

Event Starts: 18:00

Event Ends: 19:30

Cocktails will be served after the event

Please engage with us on Twitter: @GIBS_SA | #gibsforum, #gibsconference, #gibsevent, #gibsmba
  • Professor Adrian Saville

    ​​In 1994, while completing his doctorate in economics, Adrian formed an investment vehicle which became the forerunner to Cannon Asset Managers where today, he is an executive director and serves as the chief investment officer (CIO). Adrian’s conviction to build his own asset management company was based on his distinct investment philosophy of contrarian, deep-value investing and on his genetic makeup having been confirmed by a brief spell in the corporate world. He has experience in managing all of the major asset classes. Adrian has successfully combined teaching and business over the years, having lectured at the University of the Witwatersrand, the University of KwaZulu-Natal, the University of Pretoria and the Estonian Business School. Currently, he holds a visiting professorship of economics and finance at the Gordon Institute of Business Science (GIBS), where he also teaches competitive strategy. Adrian has received the Excellence in Teaching Award at GIBS on six occasions since 2007, and in 2012 was nominated for the Economist Intelligence Unit’s Business Professor of the Year Award.

  • Professor Nick Binedell

    Nick Binedell is the Founding Director and Sasol Chair of Strategic Management of the Gordon Institute of Business Science, a Business School situated in Illovo, Johannesburg and established in January 2000, by the University of Pretoria.

    After an initial career in the industry in the Mining and Manufacturing sectors in sales and general management in the Barlow Rand Group, Nick has focused his career for the past 20 years in the area of business education.

    In 1998 he was invited to establish a new business school focused on meeting the individual and corporate needs of business in South Africa.

    The school has rapidly established itself as a leading business school in South Africa with a strong focus on partnering with leading South African corporates and providing a high level of local and international business education. It was recently ranked as one of the top 40 global executive education providers by the London Financial Times.

    Nick is a determined traveler and explorer. His earlier roots included extensive travel and by the time he was ten he had lived in Zimbabwe, Germany, Yemen, Kenya, South Africa and Britain. He has spent five years in the United States and in the past three years has traveled to Sydney, Shanghai, Dubai, Prague, Budapest, Lagos as well as European and American cities.

    His area of expertise is in the field of business strategy formulation and his academic and consulting work, although dominantly in South Africa, includes work in the United States, Europe and Australia.
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