Services company sees opportunities in Africa

Africa is attracting investment from more than mining and logistics companies. Services company PwC is investing US$100 million (R720m) in “people and infrastructure” in order to expand its footprint across Africa. The company says it plans to recruit 8 000 additional partners and staff over the next five years. Ian Powell, UK Chairman and member of PwC’s Network Leadership Team, says “Africa is an important frontier for economic growth. We believe the regional economy could double by 2020 to nearly US$3 trillion (R21.6 trillion) and we are getting a clear signal from our international clients that Africa is an increasingly important market for them. “This confidence is supported by our African CEO survey which shows that 69% of CEOs in Africa are very confident of revenue growth over the next three years, compared to 51% of CEOs globally.”