African Business Outlook Part of the Global Business Outlook A joint survey effort between Duke University, The South African Institute of Chartered Accountants and CFO magazine 1 African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Top Internal Concerns for African CFOs 2 1.Ability to maintain margins 2.Attracting and retaining qualified employees 3.Working capital management 4.Maintaining morale/productivity 5.Ability to forecast results 6.Balance sheet weakness 7.Supply chain risk 8.Counterparty risk 9.IT governance 10.Protection of intellectual property 11.Data security African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Top External Concerns for African CFOs 3 1.Consumer demand 2.Price pressure from competitors 3.Currency risk 4.Input costs 5.Financial market regulation 6.National economic growth rate 7.Global financial instability 8.Electricity supply 9.Inflation 10.Credit markets/interest rates 11.Policy uncertainty African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Forecast of % change over next 12 months Historical ResponsesDec 2013 Response Revenue Notes: Presented data are the mean value for each region or country. 4 Product Prices African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Historical Responses Capital Spending Dec 2013 Response African Business Outlook Duke University / SAICA / CFO Magazine Dec Forecast of % change over next 12 months Notes: Presented data are the mean value for each region or country, except medians are shown for African earnings in Dec 2012 and Mar Earnings
Historical Responses # FT Employees Wages & Salaries Dec 2013 Response African Business Outlook Duke University / SAICA / CFO Magazine Dec Forecast of % change over next 12 months Notes: Presented data are the mean value for each region or country, except medians shown for Latin America in Dec 2012 and Mar #FT=Number of Fulltime Employees
African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013 Business Optimism Index (Scale from 0 to 100) Historical Responses Country / Region Own Company Dec 2013 Response 7 Notes: Presented data are the mean value for each region or country
Past Economic Conditions For Company 8 Have the economic conditions for your company changed in 2013? African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Expected Economic Conditions For Company 9 Do you expect the economic conditions for your company to change in 2014? African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Corporate Budget for Charitable Donations 10 Does your company have a corporate budget for charitable donations? African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013
Past and Expected Return on Assets (ROA) 11 African Business Outlook Duke University / SAICA / CFO Magazine Dec 2013