Firefight is replacing foresight for corporate South Africa
Global megatrends, coupled with acute domestic challenges, are reducing the country’s long-term economic growth prospects. The consequences for employment could be disastrous
About 40% of South African CEOs, like their global counterparts, believe their companies will no longer be economically viable a decade from now if they continue on their current course. But given challenges such as load-shedding, many local firms are focused on their immediate, rather than their future, survival.
According to PwC’s 2023 Global CEO Survey, about 60% of global executives are focused on reinventing their businesses for the future — with most focusing on automation, upskilling and deploying advanced technologies such as artificial intelligence. The other 40% are concentrating on preserving their current businesses. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.