Suresh Kana, Senior Partner for PwC Africa, says: "CEOs in Africa feel more positive about their ability to generate revenue growth and about prospects for the economy now that they are emerging from the global financial recession."
Photo: http://www.photos.apo-opa.com/index.php?level=picture&id=952 (Suresh Kana, Senior Partner for PwC Africa)
"It is interesting to note however that CEOs are slightly more anxious about their prospects for growth over the short-term," adds Kana
Although 84% remain confident overall, only 40% say they are "very confident'.
"CEOs acknowledge that a lot more needs to be done in terms of transforming the continent's potential for exponential growth into tangible business opportunities," he
In turn, these advances are expected to trigger a strong acceleration in economic growth towards the end of the coming decade," comments Kana
Similarly, 85% said the same about data analytics," says Kana
Following a decade of rapid urbanisation, Africa is undergoing a digital revolution.
says that CEOs in South Africa share many of the concerns with their peers on the continent, with the survey showing that they have common worries about high or volatile energy costs (South Africa: 82%, Africa 76%); the availability of key skills (South Africa: 87%; Africa 83%); and new market entrants (South Africa: 63%; Africa: 58%).
adds: "An effective risk management approach requires organisations to think differently and the main challenge is good communication.
"To be successful, leadership development programmes must work to grow capacity and agility among top talent," adds Kana
"Notwithstanding the difficulties and challenges ahead, many African organisations have learnt to brace themselves and adapt quickly, overcoming many of these challenges, including mitigating the risks " and turning Africa into the next frontier of growth," concludes Kana
Distributed by APO
(African Press Organization) on behalf of PricewaterhouseCoopers LLP
Suresh Kana, PwC Senior Partner for Africa
Office: +27 11 797 4312