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…

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

South African CEOs cautiously optimistic about their own company’s prospects for growth in the next 12 months: PwC annual CEO survey

37%, compared to 45% globally are slightly more confident about their own company’s prospects for revenue growth over the next three years

22% of SA’s CEOs are ‘very confident’ of their own company’s growth in the next 12 months; 37% of CEOs in SA are ‘very confident’ about their own company’s prospects for growth over the next three years; US reinforces its lead on China as a target market for growth in…

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Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s oil & gas industry needs to ‘learn to leapfrog’ and harness innovation and technology to stay ahead of the competition: PwC Oil & Gas review

PwC’s Africa oil and gas review, 2017 analyses what has happened in the last 12 months in the oil & gas industry within the major and emerging markets

The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. “Africa’s oil & gas industry is experiencing significant change and upheaval. There are fundamental shifts in companies’…

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

African national oil companies (NOCs) need to evolve for the future in light of a challenging and disruptive environment: PwC analysis

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid being captive to a single energy source and to allow them to rebalance budgets

NOCs across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping the economic trap of a lower oil price and embracing the disruptive forces unleashed by climate change and a lowcarbon world. A new era of lower oil prices is…

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

SA mining industry sees a turnaround in financial performance amid a challenging operating environment: PwC SA Mine report

Highlights from PwC’s ninth edition of SA Mine, a series of publications that highlights trends in the South African mining industry released by PwC

2017 was another challenging year for South Africa’s mining industry in light of a decrease in dividends and market capitalisation, various retrenchments across the industry, and marginal increases in taxes paid. However, spot price increases for bulk commodities supported the industry and resulted in a return to profitability after the…

PricewaterhouseCoopers LLP (PwC)
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User experience takes centre stage in Africa’s entertainment and media industry: PwC report

The Outlook is a comprehensive source of analyses and five-year forecasts of consumer and advertising spending across five countries

Amid shifting consumer preferences, rapid advances in technology and ongoing disruption to business models, the new strategic imperative for entertainment and media (E&M) companies is to turn customers into fans – by innovating to create the most compelling, engaging, and intuitive user experiences. Significant shifts are underway in how Africa’s…