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South African chief executive officers are more confident than their global counterparts about revenue growth in the short and medium term, according to the PricewaterhouseCoopers' 10th Annual Global CEO Survey.
The survey showed that 64percent of canvassed chief executives were very confident about revenue growth over the next year, compared to a 52percent vote of confidence globally.
On a three-year horizon, 56percent of South African chief executives were highly optimistic about growth and they were also far more positive than they were a year ago.
The study, which presents the views of chief executives of 39 South African companies, found that the main strategy for growing turnover would be better penetration of existing markets for existing products, followed by access and retention of key staff, and technological innovations.
This growth would be financed mainly by internally generated cash flows, as well as debt and equity.
The main threats to business operations were inadequate infrastructure, political instability and a shortage of key skills. There were also concerns about over-regulation and low cost competition.
South African companies indicated they were willing to spend resources on combating these risks, particularly the skills issue.
In contrast to global counterparts, South African chief execs did not see terrorism, scarce natural resources and commodity prices as big threats. - I-Net Bridge