Exchange rate volatility a big concern for African CEOs – survey
Exchange rate volatility is one of the biggest concerns for African CEOs and their global peers, a survey has found.
PwC’s Africa Business Agenda survey, published on Thursday, showed that CEOs were also worried about governments’ response to fiscal deficits and debt burdens, as well as about social instability.
Although CEOs on the continent were critically aware of the global challenges facing economies and businesses, including lower commodity prices, an economic slowdown in China, lower demand for commodities and a fall in the value of emerging markets against the US dollar.
“CEOs believe global economic growth is unlikely to improve and will stay the same in the short and mid-term; however, they remain confident that there are opportunities for growth over the next 12 months, and nine out of ten believe they can deliver growth in the next three years,” said PwC Africa CEO Hein Boegman.
He added that, notwithstanding the multitude of challenges, PwC was confident that Africa’s prospects remained positive.
“Africa’s business leaders have the opportunity to pursue new business opportunities on the continent, more particularly in the light of rapid innovative and technological advances that have the potential to transform and shape industries,” he added.
The Africa Business Agenda survey showed that growth and foreign direct investment had continued in Africa amid recent global economic uncertainty, while emerging markets remained a vital growth opportunity for CEOs.
The Africa Business Agenda compiled results from 153 CEO’s and included insights from business and public sector leaders from across Africa.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
