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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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Nadine Tinen appointed to lead the Sub-Saharan Francophone Africa region for PwC France and Francophone Africa

Nadine Tinen intends to grow the Firm’s revenue in the region by more than 40% by 2022

Nadine Tinen has been named Regional Senior Partner of PwC Sub-Saharan Francophone Africa (www.PwC.com), thus also joining the Territory Leadership Team for PwC France & Francophone Africa. Appointed on 1 July 2017, she takes over from Edouard Messou. Nadine Tinen, 45, is a graduate of the University of Bourgogne (Dijon),…

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    • 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
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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’…

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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…

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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…

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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…

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Opportunities abound for foreign investment in Africa’s hospitality sector

The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of the world’s leading hotel developers

The hospitality sector in Africa’s emerging markets looks set to profit from foreign investment and an influx of foreign travellers. The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of the world’s leading…

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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…

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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…

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Digital IQ for African companies track global averages—but South Africa is at risk of falling behind: PwC report

Despite 10 years of continued investment and commitment from top executives, PwC’s Global Digital IQ results show enterprises struggling to return value, overlooking fundamental integration of technology with the human experience

Most organisations around the world have not done enough to keep up with the digital era – and leadership is falling short, with many chief executives not yet fully engaged in the initiatives of digital transformation. African companies match their global peers in many measures of Digital IQ: just over…