Daily Archives: November 7, 2017

YPO Global Pulse: Business confidence in Africa up slightly in third quarter

YPO chief executives in South Africa report a more positive outlook

JOHANNESBURG, South Africa, Nov. 06, 2017 (GLOBE NEWSWIRE) — YPO, the premier leadership organisation for chief executives in the world, reported today that the YPO Global Pulse Confidence Index for Africa edged up 1.2 points to 57.5 in the third quarter of 2017 (3Q 2017).

Economic sentiment among business leaders in Africa is at its highest level since April 2015, however, it remains the second least-confident region in the world. This slight improvement in sentiment was largely driven by a surge in confidence in South Africa, which has the highest weighting in the region, from 54.7 to 60.4.

Other nations also reported more positive outlooks. Nigeria climbed 3.6 points to 60.5, continuing a remarkable two-year rebound, from a low of 30.7 in 2015, when global oil prices hit rock bottom, and Zimbabwe edged up 1.9 points to 58.1, its highest level since July 2013. However, confidence across East Africa waned, sliding into negative territory.

“There are signs that economic conditions are improving in several of the region’s major economies, with the International Monetary Fund showing cautious optimism about growth in Sub-Saharan Africa over the next two years,” said YPO member Mary Bomela, CEO of the Mineworkers Investment Company.

“However, there is still a significant amount of concern around factors such as political volatility, and delays in infrastructure spend and policy reform, as well as uncertainty about the direction of the global economy. Chief executives will continue to be cautious in their decision-making and will try to avoid taking on unnecessary risk as we move towards 2018.”

Key findings in Africa

Almost half (49%) of business leaders in Africa reported that business and economic conditions had deteriorated in the previous six months, while only a quarter (28%) felt that the economic climate had improved.

Looking forward to the next six months, it was a slightly more optimistic picture as 38% of respondents predicted the economic climate would improve, compared with only 27% who expected it to get worse and 35% who felt there would be little or no change.

Sales forecasts fade, hiring outlook improves

Looking out 12 months, it was a mixed picture in Africa when it came to movements in the three key indicators of the YPO Global Pulse Index, which track sales, employment and fixed investment.

The YPO Sales Confidence Index for Africa dropped 2.1 points to 65.5. However, most respondents expressed confidence about their organisations’ sales prospects. Almost two-thirds (64%) of leaders predicted revenue growth, while only 8% expected turnover to shrink.

Employment confidence jumped 4.0 points to 56.2, with one-third (31%) of respondents expecting to increase headcount, versus 6% who expected to cut staff numbers. The majority (63%) expected the size of their workforce to stay flat. This is a more positive outlook than the previous quarter, when only 22% predicted increased headcount and 8% expected to reduce staff numbers.

The outlook for fixed investment in Africa was almost unchanged, inching up 0.2 point to 59.4. Almost half (45%) of business leaders expected to increase spend in the next year, while 48% believed that investment levels will stay flat, and 7% expected to cut investment levels.

Global review

Globally, confidence remained steady at 62.4, now firmly in positive territory for four consecutive surveys, hovering between of 62.0 and 62.5. The United States is the most confident region at 63.5, Canadian confidence also remained positive, declining marginally by 1.1 points to 61.8, and Australasia saw a 3.7-point decline to 63.3. In Europe, the mood remained upbeat, as the European Union (EU) slipped slightly by 1.2 points to 61.8, and non-EU Europe edged down 1.7 points to 58.6. In Asia, confidence rose 1.3 points to 62.8, driven by an 8.8-point leap in China and improved confidence in the Association of Southeast Asian Nations (ASEAN).

Elsewhere, confidence in Latin America jumped 2.8 points to 62.0, largely driven by Brazil’s 8-point hike in confidence. In the Middle East and North Africa (MENA) region, confidence increased 2.5 points to 53.2, yet it remains the least-confident region in the world.

YPO Global Pulse Confidence Index
The quarterly electronic survey, conducted in the first two weeks of October 2017, gathered answers from 925 YPO chief executive officers across the globe, including 76 in Africa. Visit www.ypo.org/globalpulse for more information about the survey methodology and to view the results from around the world.

About YPO

The premier leadership organisation of chief executives in the world.
YPO is the global platform for chief executives to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact.

Today, YPO empowers more than 25,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ more than 16 million people and generate USD6 trillion in annual revenues.

Leadership. Learning. Lifelong. For more information, visit‪ YPO.org.

Contact:
YPO
Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298
press@ypo.org

Seaborn Networks et IOX Cable Ltd fournissent le premier itinéraire sous-marin entre les États-Unis et l’Inde via le Brésil et l’Afrique du Sud

L’alliance stratégique de Seabras-1 de Seaborn + SABR + IOX connectera trois pays BRICS et Maurice aux États-Unis

BOSTON et MAURICE, le 6 novembre 2017 /PRNewswire/ — Seaborn Networks (« Seaborn ») et IOX Cable Ltd (« IOX ») ont annoncé ce jour avoir signé un accord de dimensionnement conjoint afin de fournir le premier itinéraire en fibre optique sous-marin de prochaine génération entre les États-Unis et l’Inde qui s’interconnectera en Afrique du Sud et au Brésil. L’unique voie reliant les États-Unis, les trois pays BRICS et Maurice offrira l’itinéraire le plus sûr et fiable entre ces marchés en apportant moins de bonds à travers moins de pays que les itinéraires alternatifs existants.

Seaborn Networks and IOX Cable Ltd to Provide First Subsea Route Between U.S. and India via Brazil and South Africa

Seaborn est le développeur, propriétaire et exploitant de : Seabras-1, le système sous-marin le plus direct entre New York et São Paulo ; ARBR, le seul nouveau système sous-marin dont la construction est prévue entre le Brésil et l’Argentine (demande de service au T4 2018) ; et SABR, un nouveau système sous-marin entre Le Cap, en Afrique du Sud et Seabras-1 (demande de service en 2019).

IOX est le développeur d’IOX Cable System (système de câbles IOX ou « système IOX »), le premier réseau sous-marin de prochaine génération interconnectant l’Afrique du Sud, Maurice et l’Inde (demande de service en 2019). IOX a commencé les travaux de levé d’itinéraire des câbles et, une fois complétés, fournira un itinéraire direct entre l’Afrique du Sud et l’Inde via Maurice. SABR de Seaborn et le système IOX s’interconnecteront en Afrique.

L’itinéraire Seabras-1 + SABR + système IOX seront disponibles exclusivement par le biais de Seaborn et IOX. Les clients peuvent passer un contrat soit avec Seaborn soit avec IOX afin de profiter de tous les avantages de cette alliance.

Strategic Alliance of Seaborn’s Seabras-1 + SABR + IOX to connect three BRICS countries and Mauritius to the U.S.

« Nous sommes extrêmement ravis de collaborer avec IOX et de fournir cet itinéraire unique et hautement sécurisé », a déclaré Larry Schwartz, président et directeur général de Seaborn. « Cette alliance refaçonnera le paysage mondial des communications de l’hémisphère sud. »

Arunachalam Kandasamy, fondateur et PDG d’IOX, a déclaré : « Cette nouvelle relation entre Seaborn et IOX lance de nouvelles alternatives mondiales en matière d’itinéraires qui permettront d’interconnecter les principaux marchés émergents avec les États-Unis. Cette relation stratégique est un pas en avant pour nous afin de donner à nos clients et partenaires les meilleurs itinéraires et services et afin également de contribuer aux économies numériques émergentes. »

À propos de Seaborn Networks
Seaborn (www.seabornnetworks.com) est un important développeur, propriétaire et exploitant de systèmes de câbles à fibre optique sous-marins indépendants, dont Seabras-1 entre les États-Unis et le Brésil (achevé en septembre 2017), ARBR entre le Brésil et l’Argentine et SABR entre le Brésil et l’Afrique du Sud. La direction de Seaborn bénéficie d’une expérience en conception, construction, financement et exploitation d’un grand nombre de réseaux sous-marins et terrestres dans le monde.

Contact presse :
Kate Wilson, Seaborn Networks
Tél. : +1-978-471-3169
kate.wilson@seabornnetworks.com

À propos d’IOX Cable Ltd
IOX Cable Ltd (www.iox.mu) est une société enregistrée à l’île Maurice qui développe et met en œuvre des solutions hybrides de prochaine génération combinant une infrastructure de câbles fibre optique sous-marine en réseau ouvert, des services d’infrastructure de systèmes dans le nuage et des services gérés connexes afin de fournir des solutions très haut débit à nuages multiples et de capacité pour les opérateurs téléphoniques mondiaux, les opérateurs mobiles, les fournisseurs de contenu Internet majeurs, les instituts de recherche et les entreprises multinationales.

Contact presse :
Logadassen Curoopen, IOX Cable Ltd
Tél. : +230-405-4308
logadassen@iox.mu

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