Off the wire
Chinese football authorities aim at 114mln dollars in revenue for 2017  • Report shows over half of young Aussies work without pay  • Roundup: Suspended search for MH370 can restart with new evidence: Australian gov't  • Feature: China's young campers rounding out their education  • China ranks first among foreign countries providing training programs to Myanmar  • Yangon region gov't drafts master plan for agricultural development  • Australian crime syndicate busted importing 186 km of cocaine on whaling ship  • Samsung heir appears in court for determination on arrest warrant  • Chinese shares open lower Wednesday  • China Hushen 300 index futures open mixed Wednesday  
You are here:   Home

S. African business leaders confident of growth in 2017

Xinhua, January 18, 2017 Adjust font size:

Thirty-three percent of South African CEOs surveyed by PricewaterhouseCoopers (PwC), an international accounting firm, believe their companies will perform better this year, and over 91 percent are confident of growth in the next three years.

China was seen as the most important country for their organizations' overall growth prospect, with 36 percent of the respondents thinking so, followed by Briton, the United States and India, PwC said Tuesday in a report.

The CEOs also expressed their concern about the exchange rate volatility, uncertain economic growth, regulation, skill shortage, volatile energy cost, cyber threat and the speed of technological change.

They also raised concern about social instability and geopolitical uncertainty.

According to the survey, the majority of African CEOs want to expand their companies in the next 12 months, but operate at lower costs. They are planning to build new strategic alliances or joint ventures.

Technology is the major driver for enterprises' growth and will continue to do so for the next five years, the survey quoted the business leaders as saying.

The majority of the industrial captains believe globalization had, to a large extent, helped with universal connectivity and facilitated the move of capital, people, goods and information.

Meanwhile, the CEOs are wary of the risks associated with the social media and cybersecurity breaches. Endi