Top CEOs say supply chain constraints, emerging technologies and regulatory risks pose the greatest threats to organisational growth in South Africa.
Results from the poll of South African CEOs were compared to 1,300 global executives. All respondents, according to KPMG, are in charge of businesses with annual revenues of at least $500 million, and a third of the surveyed businesses had revenues of at least $10 billion.KPMG found that South African CEOs are concerned about supply chain and procurement risks and how they might affect business over the next three years.
Domestically, South Africa has faced some unique challenges in terms of its supply chain. In October, workers at the national freight and logistics company Transnet went on strike –The transport group CEO, Portia Derby, said that backlogs caused at the ports and rail systems would require between six and nine weeks to clear. Instances of labour action have been compounded by crime syndicates that take advantage of the system and poor infrastructure.
Concern around procurement processes from South African CEOs comes as preferential procurement practices have come under scrutiny. With constant technological changes, CEOs are now scrambling to make sure that they have people with the necessary skills to manage the strategic and operational rollout of new developments.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Measles Outbreak Spreads to Mpumalanga - South African News Briefs - November 18, 2022Measles Outbreak Spreads to Mpumalanga - South African News Briefs - November 18, 2022 allafrica: SouthAfrica
Source: allafrica - 🏆 1. / 99 Read more »
Africa Live: Africa Live this week: 14-20 January 2022 - BBC NewsFind out why RIPTwitter is trending across many countries in Africa right now, including Ghana, Kenya, and South Africa ➡️ And listen ⬇️ to what tech writer bigblackjacobin has to say on elonmusk
Source: BBCAfrica - 🏆 23. / 61 Read more »
Africa: Violent Extremism - Africa Records 346 Terrorist Attacks in Q1, 2022The Minister of National Security, Mr Albert Kan-Dapaah, has revealed that 346 terrorist attacks were recorded in Africa in the first quarter of 2022, with 49 per cent of them occurring in West Africa alone.
Source: allafrica - 🏆 1. / 99 Read more »
Africa: Climate Briefs - Green Hydrogen Could Sustainably Industrialise Africa and Boost GDP #AfricaClimateHopeClimate Briefs - Green Hydrogen Could Sustainably Industrialise Africa and Boost GDP... allafrica: Africa AfricaClimateCrisis ClimateCrisis ClimateChange GreenHydrogen RenewableEnergy COP27
Source: allafrica - 🏆 1. / 99 Read more »
Africa CDC Expands 'Saving Lives' Initiative in Southern AfricaThe Saving Lives and Livelihood is a $1.5 billion partnership between the Mastercard Foundation and the Africa CDC designed to purchase COVID-19 vaccines for nearly 65 million people, enable vaccine delivery and administration to vaccinate millions more, develop a workforce to support continental vaccine manufacturing, and strengthen the Africa CDC. Find out more. More about Mastercard Foundation in Africa
Source: allafrica - 🏆 1. / 99 Read more »
East Africa: 'The Horn of Africa Is Paying the Price for the World's Selfishness' #AfricaClimateCrisis'The Horn of Africa Is Paying the Price for the World's Selfishness' AfricaClimateCrisis allafrica: EastAfrica melodychironda CCMP2022 ClimateAction ClimateJustice LossAndDamage
Source: allafrica - 🏆 1. / 99 Read more »