Ratings & Recession: A conversation with National Treasury on the Road Ahead

Please note that this is a breakfast session

Join Deputy Minister of Finance, Sfiso Buthelezi; Chief Director for Strategy and Risk Management; Dr Mampho Modise; and leading economists for a conversation on where to from here after the recent ratings announcements and the news of our first recession in eight years.


Ratings agencies S&P Global and Fitch have already downgraded SA to junk status while Moody's decision is pending, with most expecting it this Friday. What impact will the news of recession have on our ratings and how can we achieve growth and success during challenging times?


  • Sfiso Buthelezi, Deputy Minister of Finance;
  • Dr Mampho Modise, Chief Director for Strategy and Risk Management, Treasury;
  • Dr Thabi Leoka, Economist, Argon Asset Managers; and
  • Prof Nick Binedell, GIBS.
Additional Info:

Breakfast and registration: 07:30-08:00

Starts: 08:00

Ends: 09:30

Can't afford to attend? Apply for one of the limited free seats @ nkawus@gibs.co.za

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