Africa Business Agenda: Business Operating Environment Perspective 2023 ~ DR. VITUS BLOG

Africa Business Agenda: Business Operating Environment Perspective 2023

New publication alert

Dear Vitus

We're pleased to share with you our latest publication, 'Africa Business Agenda: Business Operating Environment Perspective 2023 — Africa's CEOs balance competing priorities to achieve sustained outcomes'. The report draws on insights from 282 CEOs across Africa who participated in our 26th Annual Global CEO Survey.

The insights corroborate organisational focus on sustainability and performance, diversification of products and services, streamlining operations to focus on core competencies aligned with their purpose, collaborating to drive impact, investing in attracting and retaining talent, and prioritising good governance, ESG objectives, risk management, and cybersecurity.

Key insights explored in the report include:

Business is a balancing act: In order for CEOs to steer their businesses through various operational challenges, they have to implement sustainable strategies.
Short-term solutions also require a long-term view: When businesses are facing headwinds such as inflation and challenging macroeconomic conditions, CEOs need to apply a strong view on the future, even when searching for a short-term solution. Understanding the cost-to-income ratio at a detailed level is vital as it allows a business to extract wasteful costs from areas which will not drive future growth and re-invest this in parts of the organisation which have or require differentiating capabilities.
Collaboration supports impact: Collaboration with third parties and other stakeholders can help businesses that are trying to achieve balance.
Talent drives performance: Talent drives significant value for organisations. To successfully navigate change, organisations need to make major investments in talent and culture to support recruitment, retention, and optimisation of capacity and capability. Automation strategies can also be adopted to support the redirection of key talent and capabilities to areas of deeper value.
ESG strategies build trust: The business operating environment is shifting in response to ESG priorities and requirements, and organisations can build resilience and ensure competitiveness by focusing on sustainability.

Join Pieter Crafford, PwC Africa Strategy& Leader, Mark Allderman, PwC Africa Technology Transformation Capability Leader, and Xhanti Payi, PwC South Africa Senior Economist for a LinkedIn Live event that aims to unpack this report in greater detail, on Wednesday, 7 June 2023. Click here to register.

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