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

Outlook for Africa’s oil & gas industry improves – PwC report

As the oil price is steadily rising towards pre-collapse levels, the outlook for the industry is hopeful

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. Companies have adopted to a low-cost environment, which promises to be even more beneficial given…

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) |

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)
  • Multimedia content

  • Images (1)
    • Dion Shango, CEO of PwC Southern Africa
  • Documents (1)
    • PwC annual CEO survey - South African CEOs cautiously optimistic about their own company’s prospects for growth in the next 12 months
  • Links (1)
  • All (3)
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…

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) |

CEO confidence rises despite new risks and uncertainty

In PwC’s 20th annual survey of CEOs worldwide, 38% (2016:35%) are very confident about their company’s growth prospects in the next 12 months while 29% (2016:27%) believe global economic growth will pick up in 2017

Confidence in company growth rises SA CEOs plan to increase their headcount over the next 12 months SA concerns about exchange rate volatility and economic uncertainty at record levels Worldwide, CEOs’ confidence levels for their growth prospects and outlook for the economy is back on the rise amidst new risks…

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

Tax compliance gets easier for companies, but new data highlights post–filing challenges across the world

Africa is still a difficult region for paying taxes - PwC

Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC (www.PWC.com). Download the report: http://www.APO.af/PwC Released today, the report finds that the Total…

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) |

Slower, lower, weaker... but not defeated - PwC Mine 2016 report

2015 was a race to the bottom with many new records set by the world’s 40 largest mining companies

The first collective net loss in the Top 40’s history (US $27billion) Market capitalisation down 37 per cent (%), in some cases below Net Book Value High debt sees some miners fighting for survival , committing to asset sales Focus on costs continues, but so do economic headwinds 2015 was…