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South African bosses have no plans to hire more workers this year – here’s what they are looking to do instead
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A year after Covid-19 was declared a pandemic in South Africa, chief executive officers (CEOs) are optimistic about global economic recovery, and the health of their own businesses – but despite this, a large number of local execs say they are not planning on hiring more staff.
Findings from the latest survey conducted by professional services firm PwC show that 57% of local business leaders predict that economic growth will improve in 2021.
However, in view of South Africa’s rising inequality and employment challenges, PwC said it is concerning that 51% of South African CEOs report they have reduced staff in the last 12 months and that 40% plan to do so in the year ahead. ....

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