CEOs are confident about global economic growth and their companies’ prospects for revenue growth, while also acknowledging the many challenges and uncertainties they face.
In this year’s survey we asked 56 CEOs based in South Africa how they are changing their organisations to become more agile and adaptable and, ultimately, better able to succeed in the face of adversity. Many CEOs remain focussed on cutting costs and restructuring, but they are also increasing their engagement with stakeholders within and outside their organisations, especially customers and employees.
What South Africa’s CEOs told us:
As with last year, many local CEOs believe the greatest opportunities for growth lie outside South Africa. This is perhaps as much a reflection of constraints within the domestic economy as it is of the great opportunities that lie in fast growing emerging markets. CEOs globally are taking their businesses to where the growth is and given the vast opportunities in the rest of Africa, it is inevitable that ours should do the same.