South African CEOs less optimistic than global counterparts

The state of South Africa’s economy, its high unemployment rate, further looming ratings downgrades and political and policy uncertainty are among the top concerns casting shadows over business expectations in the next 12 months, PwC’s yearly CEO survey reveals. Only 37% of the South African CEOs surveyed believed global economic growth would improve in the next 12 months – 20 percentage points below the global average but well above the 19% reported in 2016.