We use cookies to improve your experience. By your continued use of this site you accept such use.
PricewaterhouseCoopers LLP (PwC)
Source: PricewaterhouseCoopers LLP (PwC) |

Africa’s hospitality sector withstands economic headwinds

PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5 billion

South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate. Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa (www.PwC.co.za), says: “Africa’s hotel sector has remained resilient in the face of strong economic…

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

Mining industry needs to Stop. Think … Act: PwC Mine 2017 report

According to PwC’s Mine 2017 report, the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016

Profitability restored – aggregate net profit of $20 billion Balance sheets bolstered with increased debt repayments Market capitalisation of the Top 40 increased by 45 percent to $714 billion But, capex down 41 per cent to a record low of $50 billion, and exploration budgets reduced to a mere $7.2…

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

South Africa’s Hotel and Tourism Sector Set for Steady Growth as Visitor Numbers Continue to Grow: PwC Outlook

The new visa regulations had a sharp impact on the South African tourism industry

South Africa’s hotel industry is set for steady growth in the next five years driven by an increase in the number of foreign visitors into the African continent. Pietro Calicchio, Industry leader of Hospitality & Gambling, PwC Southern Africa (www.PwC.com), says: “Although the South African economy has weakened considerably, the…

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

Growth is on the African Business Agenda - PwC report

Africa remains one of the preferred frontiers for investment opportunities and doing business, according to a report released by PwC Africa today

Africa remains one of the preferred frontiers for investment opportunities and doing business, according to a report released by PwC Africa today (www.PwC.com). Growth and foreign direct investment has continued in Africa amid the recent global economic uncertainty. Download the report: http://www.apo.af/GQ1wcC This is confirmed by PwC’s Africa Business Agenda…