Bad mood rising: Pessimism is growing among SA CEOs

Business

Bad mood rising: Pessimism is growing among SA CEOs

Only 14% of CEOs in SA are ‘very confident’ about their revenue prospects in the coming 12 months

Lynley Donnelly

As poor growth bedevils SA’s economy, pessimism has grown among the country’s  CEOs about the likely fortunes of their companies, coinciding with increased gloom among global peers.

Only 14% of CEOs in SA are “very confident” about the revenue prospects of their companies in the coming 12 months, according to the latest global CEO survey from advisory firm PwC.

This is the lowest level since 2010, according to PwC data, and comes in 13 points below the global average of 27%...

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