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12 August 2014PwC named a leader in Strategy Consulting Services
7 August 2014Africa: Growth is on the horizon
22 July 2014“Traditional” banks may not exist by 2025
4 July 2014Financialisation: The $9 trillion opportunity
3 July 2014 A new expert in PwC Hungary’s tax advisory services
18 June 2014 The bill on advertising tax
5 June 2014 PwC elects a new CEO, Olga Grygier-Siddons, and appoints a regional leadership team for Central and Eastern Europe
26 May 2014 New tax saving opportunities in the personal income tax system
Sub-Saharan Africa's population is projected to grow faster than in any other region in the world. As a result, by 2040, the African continent is projected to have the biggest labour force in the world and could have faster economic growth than any other region. Large cities are the gateway to the new markets: the ‘Next 10’ SSA cities have the potential to triple their combined GDP. However policy makers in SSA face several hurdles to overcome if this growth potential is to be realised.
PwC's new report suggests that, by as soon as 2025 – 2030, a market economy could readily exist without banks of the traditional kind. As barriers to entry for non-banks to provide formerly ‘core’ banking services continues to decline, the business models of today’s banks will be challenged. However the need for banking services remains.