Recognising significant achievements by lines of service

FY24 reflections

Performance summary - Financial results

PwC Africa net revenues at FY24, constant rates in $ ‘000s

The year ended 30 June 2024 was marked by a challenging economic environment in most countries. Despite these difficulties, PwC Africa’s revenue was up 6% compared to the prior year, with varied performance across lines of services and territories. Currency volatility, rising inflation and the tough macroeconomic environment faced by clients and our business across territories were the main factors affecting performance.

Despite these headwinds, our resilient teams remained focused on their purpose, delivering value and leveraging the strength of our brand.

We are exploring innovative ways to deliver to clients across multiple industries. In July 2023, we launched the South Africa Technology and Innovation Centre (SATIC), a joint venture between PwC SA and PwC UK. SATIC combines the best of people and technology to create new opportunities and solutions, deepen trust and address real human needs. In its first year, SATIC employed over 120 people across various technology platforms, enablement services, and managed services. Looking ahead to FY25, we aim to expand our staff to 400 and broaden our services beyond consulting into other lines of service, as well as into East and West Africa and Europe. SATIC is also committed to addressing youth unemployment in South Africa by offering learnerships and youth development programmes, helping us reach our goal of 1,000 employees by the end of 2027.