Firefight is replacing foresight for corporate South Africa
PwC’s 2023 Global CEO Survey has found ±60% of global executives are focused on reinventing their businesses for the future – with most focusing on automation, upskilling and deploying advanced tech like AI. The other 40% are concentrating on preserving their current businesses. In SA the 60:40 ratio is likely turned on its head. Global megatrends, coupled with acute domestic challenges, are reducing SA’s long-term economic growth prospects. The consequences for employment could be disastrous.