How to challenge brands in Africa’s emerging market

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McKinsey Institute research predicts that the share of Fortune Global 500 companies based in emerging markets will exceed 45% by 2025, up from just 5% in 2000.

What is making these new contenders successful and which countries of the world are likely to benefit the most from the globalisation or regionalisation of their indigenous brands?

Many of these emerging market multi-nationals are category innovators, market disruptors and opportunistic acquirers of entrenched Western brands. They use frugal design, lean production, new technology, large cashcoffers, and economies of scale from contract manufacturing and robust local markets to compete with slow moving and less agile incumbents. What challenges do they face and what strategies are they employing to enter and expand in Western markets? Which companies from Africa are leading the charge and how are they gaining competitive advantage globally?
Donovan will look at what has created success for some of the 1,000 companies with revenues of over $1 billion that are now based in developing economies. He will also review Africa’s most valuable brands and some of the key performance indicators of these global market aspirants.

Donovan Neale-May, CMO Council Executive Director believes, “South Africa will likely be a big winner in the emerging market sweepstakes. A good number of Africa’s top 55 billionaires are South African industrialists and corporate leaders. Some of its international entrepreneurs, like Elon Musk, Sol Kerzner and Mark Shuttleworth, have become global innovation icons.

“And large home-grown companies like SABMiller, Richemont, MTN Group, Naspers, Standard Bank Group, FirstRand Limited, Old Mutual, Discovery Holdings, Liberty Life Group, Nandos and Shoprite Group are well positioned to multiply their presence in Africa and other foreign markets,” concludes Neale-May.

When: 6 November 2013
Time: 18:00-19:30
Fee: ZAR 250
Venue: GIBS
To Book: www.gibs.co.za/forums/marketing

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