Pretoria - Trade and Industry Minister Rob Davies has arrived in the United Kingdom ahead of the launch of the revised Business Process Services Incentive.
Minister Davies will launch the revised Business Process Services (BPS) at South Africa House in London on Tuesday.
The BPS incentive aims to attract investment and create employment in South Africa through offshoring activities.
“These incentive grants are calculated on the number of projected offshore jobs to be created based on a tapering scale and is awarded on actual offshore jobs created.
“The revised Business Process Services incentive scheme will build upon the success of the previous scheme, which led to the creation of 9 077 jobs on the back of financial disbursements of R587 million,” said Minister Davies.
The revised incentive will further support the South African Value Proposition, which has seen South Africa named as the Best Offshoring Destination 2012 by the UK’s National Outsourcing Association (NOA).
This was followed by an award from the European Outsourcing Association in 2013. In 2014 it received an award for its Skills Development Programme at the NOA Outsourcing Professional Awards.
South Africa has risen to rank among the top three global offshore locations that can provide quality English language skills and excellent writing skills on a large scale.
The South African government, through the Department of Trade and Industry (dti), provides strategic support by way of substantial incentive grants to reduce operating costs for BPS service providers.
Besides financial incentives, the dti offers a facilitation service for prospective and current investors, which allows seamless entry into the country from an investment perspective.
While in the UK, Minister Davies’s programme will include meetings with leading UK investors in the South African offshoring BPS sector. The Minister will also meet the UK Minister of Africa, James Durridge and Baroness Valerie Amos, the Prime Minister’s Trade Envoy for South Africa. - SAnews.gov.za
