PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s CEOs continue to look for growth opportunities amid economic and socio-political uncertainties – PwC Africa Business Agenda Report

The Agenda compiles results from a survey of 83 CEOs across 19 African countries

African business leaders are less optimistic about the strength of the global economy and their organisations’ ability to grow revenues in both the short and medium term than they were a year ago. A quarter of African CEOs (25%) believe that the global economy will decline over the next 12…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

World’s top miners keep performing but investors unimpressed

Stakeholders are concerned that the industry is lagging when it comes to a number of factors that have not been a traditional focus of the mining industry

Revenue up 8% to $683 billion; EBITDA up 4% to $165 billion; Record dividend paid to shareholders of $43 billion up 13% ;Market capitalisation of the Top 40 down 18% to $757 billion, 31 Dec 2018 with partial recovery thereafter The world’s 40 largest mining companies continued to consolidate their stellar performance…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

2018 financial year was a mixed bag of performance for South Africa’s mining industry – PwC South Africa Mine Report

Unfortunately the aggregated South Africa mining industry, which is more exposed to precious metals, did not enjoy the same benefit from price increases

The 2018 financial year proved to be a challenging year for South African mining companies. Globally, the financial performance of the mining industry improved considerably from the previous year. That position was largely mirrored by South African bulk commodity producers with iron ore, coal, manganese and chrome performing well. Unfortunately…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s entertainment and media industry enters dynamic new wave of convergence – 3.0

By 2022, total E&M revenue in South Africa is expected to reach R177.2 billion, up from R129.2 billion in 2017

Africa’s entertainment and media industry has entered a dynamic new phase - a third wave of convergence. The borders that once separated the entertainment and media (E&M), technology and telecommunications industries are blurring in the battle for the attention of the consumer in a world that is rapidly digitising. As…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s insurance industry is poised for further growth – PwC insurance survey

Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others

The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done well to adapt to continuous disruption, with technological advances now considered the most important global trend disrupting the industry. Despite the additional pressures of unrelenting regulatory and insurance accounting…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s hotel sector offers potential for further growth over the next five years – PwC report

South African hotel room revenue is expected to expand to R21.8 billion in 2022, up 5.6%, compounded annually, from R16.6 billion in 2017

Africa’s hotel sector has the potential for further growth over the next five years. An increase in the number of foreign and domestic travellers, as well as an expansion in a number of hotel chains on the continent reinforces the hotel sector’s untapped potential for business growth. These are some…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Stellar results lead to ‘tempting times’ for world’s top miners

The world’s 40 largest mining companies have delivered an impressive financial performance in 2017, increasing revenue by 23 per cent to USD 600bn

Market capitalisation of the Top 40 up 30% to USD $926 billion (bn) Revenue up 23% to $600bn Earnings before interest, taxes, depreciation, and amortization (EBITDA) up 38% to $146bn Net profit up 126% to $61bn and improvement expected to continue  in 2018 Miners must focus on the goal of…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

More strategic investment in Africa’s ports can accelerate growth and development by strengthening trade – PwC report

Despite the high volumes of goods that require transport, the development and integration of ports in Africa’s wider logistic chains remains uneven

Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade and…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

African capital markets indicate recovery in 2017 with overall increase in value and volume of equity capital market (ECM) transactions

ECM activity in 2017 was the second highest since 2013 in terms of volume with 121 issuances, up 25% over the prior year, and the highest since 2013 in terms of value

Overall, African equity capital market transaction volume and value improved in 2017 over 2016. In terms of value, 2017 saw the largest initial public offerings (IPOs) over the trailing five-year period, and an increase in the total value of equity capital market (ECM) transactions of 49% between 2016 and 2017…

PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Reported economic crime in South Africa hits record levels; cost and accountability concerns rising

At 77% South Africa’s rate of reported economic crime remains significantly higher than the global average rate of 49%

77% of SA organisations have experienced economic crime; Fraud committed by consumers ranks as the second most reported crime in SA; CEO and board increasingly being held accountable for economic crime; Only 37% of respondents have conducted an anti-bribery/anti-corruption risk assessment; 19% of organisations have spent between twice and ten…