Accounting firm PwC’s annual survey of CEOs has found that optimism about the year ahead has doubled — apart from the views of South African CEOs. PwC said in its report released at the World Economic Forum (WEF) meeting in Davos on Wednesday that 57% of its 1,293 respondents believed global economic prospects would improve in 2018. In the prior year’s survey, only 29% believed 2017 would be better than 2016. The survey found South African CEOs were more gloomy than the global average, with only 37% expecting 2018 to be better than 2017. PwC said it was notable that 22% of South African CEOs said they were "somewhat concerned" about potential ethical scandals, compared with a global average of 14%. "This comes in the wake of a growing number of firms that have suffered reputational damage in the past year because of ethical lapses," PwC said in its media release. PwC’s poll painted a gloomy picture for the prospects of SA’s high unemployment rate improving in the coming year. The nu...
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