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An annual survey of top South African executives and managers has revealed an “alarming” dip in confidence and outlook‚ with 78% of respondents indicating they would consider opportunities abroad.

This represented a more than 30% increase from last year‚ when the majority of those polled indicated they were in SA to stay, said Debbie Goodman-Bhyat‚ CEO of Jack Hammer‚ the executive search firm which conducted the survey.

“This year’s survey is quite unprecedented in terms of the negativity of outlook‚ and raises serious concerns about another exodus of some of our country’s most talented‚ experienced and qualified leaders‚” she said, adding that respondents had reflected the country’s racial and gender demographics.

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