Top CEOs unsure about 2015 growth in economy
From left: PricewaterhouseCoopers South Africa private company services leader Andries Brink, country and regional senior partner Anne Eriksson and PwC partner Michael Mugasa during the release of the report in Nairobi on November 5, 2014. Chief executive officers are less optimistic about improvement in global economic growth in 2015than they were a year ago, according to a new survey by PriceWaterhouseCoopers. PHOTO | JEFF ANGOTE |
What you need to know:
- The study shows only 37 per cent of company chiefs think the economy will improve this year, compared with 44 per cent last year.
- Energy and mining sectors are the most attractive to foreign investor across Africa
Chief executive officers are less optimistic about improvement in global economic growth in 2015than they were a year ago, according to a new survey by PriceWaterhouseCoopers.
The study shows only 37 per cent of company chiefs think the economy will improve this year, compared with 44 per cent last year.
The number of CEOs troubled by a skills gap in the job market rose from 64 per cent to 84 per cent this year. The CEOs agree that organisations are increasingly looking to compete outside their industry; however 40 per cent of the CEOs are not quite convinced.
MOST ATTRACTIVE
Energy and mining sectors are the most attractive to foreign investor across Africa as are the financial services sectors and real estate, according to the survey released at the World Economic Forum.
In the study, 49 per cent of company heads in Africa are considering engaging with academia, competitors, start-ups and firms from other industries through joint ventures and strategic alliances.
Nearly half the CEOs said access to customers is their main reason for collaborating with others, together with access to new or emerging technologies.
Firms that will succeed are those that remain agile and responsive to industry disruptions and shocks encountered in the face of a declining global economy, the study says.
