Local CEOs confident of business growth despite recession forecast

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Despite an anticipated recession South African CEOs are already mitigating against expected risks with hopes of shaping business growth over the next few years. Moneyweb BusinessNews NDL_ndumeey

Despite an anticipated recession South African CEOs are already mitigating against expected risks with hopes of shaping business growth over the next few years. This is according to KPMG’s 2022 CEO Outlook Survey, which examined 1 325 CEOs around the world on their three-year perspective on business, inflationary pressures, and geopolitical tensions. The research was released locally in Sandton on Monday.

Pay executives more, not less? Another priority for CEOs is the attraction and retention of talent in their businesses. “CEOs in South Africa are changing how they support and attract talent, and their efforts are buoyed by a focus on their people and experimenting with ways of working,” reads the report. It notes that 70% of local executives expect to increase the headcount over the long term to address growth objectives, compared to 76% of global executives.

 

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