PwC CFO Pulse Survey

29-05-2020

PwC CFO Pulse Survey

Dear GNBCC Member

PwC is pleased to share the first PwC Africa COVID-19 CFO Pulse results with you. The report captures the views of 55 CFOs in nine countries across sub-saharan Africa, and compares them to those of 867 CFOs from 40 countries across the globe. The top findings were:

  • Nearly two-thirds (65%) of African CFOs predict a decline of at least 10% in their company revenue and/or profit this year.
  • The vast majority (89%) are implementing cost containment measures, or deferring or cancelling planned investments (60%).
  • 62% of African CFOs estimate it will take more than three months to restore ‘business as usual’.
  • Developing alternate sourcing options (64%) and changing contractual terms (56%) are the main priorities in supply chain strategy.
  • 76% of respondents are very confident about meeting customers’ safety expectations and providing a safe working environment for their employees at their places of business.
  • 60% say remote work is here to stay for some roles, as companies plan to alternate crews and reconfigure worksites.

Please do not hesitate to contact us if you require any additional information.

Click here for the full report.

Office: +233 (302) 761500

PricewaterhouseCoopers (Ghana) Limited

A4 Rangoon Lane, Cantonments City

 Accra, Ghana

http://www.pwc.com/

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