KPMG's annual Global CEO Outlook this year includes a South African viewpoint. The report reveals that the next three years will be a time of unprecedented change and significance for businesses around the world, but growth will be moderate. Global CEOs of the largest corporations are prepared to handle this period with realistic expectations and a healthy dose of confidence.
Indeed, whether the tide rises or falls in the economy, they are increasingly optimistic that they can transform their organisation for what the future holds. That confidence is apparent in their hiring plans and projected top-line growth over the three year horizon.
However, CEOs in South Africa shared their level of concern around a variety of challenges. For example, 64 percent of the CEOs said that they are concerned about the loyalty of their customers while 62 percent see increased use of data and analytics as a way to drive process costs and efficiencies.
KPMG CEO in Southern Africa, Trevor Hoole, says: “CEOs operating in South Africa are well aware of their many challenges and they are reasonably bullish about the future of the country. Although they are confident that their industry and companies will grow over the next year, their growth expectations are modest. That said, they are grappling with a multitude of issues simultaneously. Globally many CEOs feel that they are not disrupting their industry’s business models enough.”
Download the South African viewpoint below.
KPMG’s 2016 Global CEO Outlook study provides a vivid image of global CEOs’ expectations for business growth, the challenges they face and their strategies to chart organizational success. And this time round it includes a South African viewpoint.