Tag: PwC South Africa

South African retailers have successfully driven positive consumer perceptions through special offers and affordable product promotions, but their customer service capabilities are leaving much to be desired. This is according to the South African Retail Sentiment Index, conducted by DataEQ in collaboration with us.

We are pleased to share our fifth South Africa Economic Outlook report for 2023. This edition focuses on the need for companies to report non-financial data in order to help measure socio-economic progress better than is currently being done by the calculation of gross domestic product (GDP).

Until now, reporting non-financial information on tax has largely been voluntary, but many guidelines do exist and companies that are taking the lead are doing so by providing disclosure and explanatory narratives far beyond the statutory requirements.

We are pleased to share our second South Africa Economic Outlook report for 2023. In the wake of Budget 2023 and announced incentives for investment in solar power generation, this edition focuses on green incentives and their role in encouraging local businesses to invest in renewable electricity generation.

South African companies will need to respond quickly to mitigate the risks stemming from this development. Global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), has placed South Africa on its so-called grey list.

South Africa’s energy shortage is having a profound impact on its cities. Economic growth and jobs continue to be affected at a time when cities urgently need to recover from the COVID-19 crisis to retain their competitiveness and attractiveness.

Equal female representation in senior management and executive positions has been a longstanding area of focus within the corporate sector. We have long maintained that the first and most important step towards resolving the gender pay gap is equal gender representation within senior positions.

Industry 4.0 can exponentially grow developing economies and combat resource-related challenges. The manufacturing sector is South Africa’s fourth largest sector and a key driver of economic growth. However, industrialisation challenges in recent decades and the relatively slow adoption of new technologies have hampered the true potential of this industry.

Culture is advancing on the leadership agenda, but the gap in perception between senior management and the rest of the organisation has never been greater, according to our new study. The 2021 Global Culture Survey, canvassing the views of 3,200 workers worldwide, finds that culture is a source of competitive advantage and a strategic priority for senior leaders, but it has been deprioritised in the eyes of the rest of the workforce.

The COVID-19 pandemic has exposed structural weaknesses and widened inequalities across the world. Even before the pandemic, the rise of automation and innovative technologies were transforming the world of work, resulting in an urgent need for upskilling of talent.