UNCERTAINTY OVER ECONOMIC GROWTH A MAIN CONCERN FOR CEOs
According to the findings of a new report released by professional services firm PwC Business, uncertainty about economic growth continues to be the main concern of CEOs – with the majority of them saying they had some concern regarding the global environment. Drawing from the results of the Annual Global CEO Survey of 1 330 business leaders released in Davos, with additional insights from 42 government representatives and state-backed CEOs, the study found that business “is facing a world of volatility and uncertainty, affecting both short- and long-term confidence”.
The key threats to business in South Africa are considered by CEOs to be the availability of key skills. In addition, energy and raw-material costs are considered a prominent threat and are expected to remain the case as long as the cost of oil and electricity continues to increase.