BLSA has shared the KPMG SA CEO’s Outlook, revealing that their business confidence has improved back to pre-pandemic levels, with 88 percent local CEOs anticipating possibilities of aggressive growth.
Business Leadership South Africa (BLSA) issued KPMG South Africa 2021 CEO’s Outlook in partnership with the BLSA on Wednesday, 13 October 2021. It noted that the CEO’s business confidence has improved back to pre-pandemic levels.
The CEO Outlook is an extension of the 2021 Global Survey drawing on the perspectives of 50 CEOs across 10 industries. Reflecting on their strategies and outlook over a three-year period, the outlook indicated that 70 percent of leaders are confident about the local economy’s growth prospects.
It also revealed that higher economic growth will only be achieved if a specific growth mandate is pursued. The local economy is said to be forecast as modest to two percent in 2022, and with the possibility of a stronger global economy, CEOs are looking to invest in expansion and business transformation. Eighty-eight percent of surveyed local leaders expressed expectations of aggressive growth.
See the post below.
Higher levels of economic growth are required to reduce the persistent unemployment problem facing the country, with 34.4% or 7.8 million people measured as unemployed by the narrow definition in the most recent survey. https://t.co/tXSqUfCaaD
— Business Leadership South Africa (@BLSA_Official) October 13, 2021