SOUTH AFRICA WINS OUTSOURCING DESTINATION OF THE YEAR AWARD

Trade and Industry Minister Rob Davies has hailed the selection of South Africa as winner of this year's Global Sourcing Association's annual Outsourcing Destination of the Year award, saying it cements the country's investment position.

"This award cements South Africa's Investment position and further presents a value proposition which is underpinned by high quality standards, relevant skills, the potential to deliver complex and non- complex processes and cost savings which enhances our proposition for Business Process Services globally," he said here Sunday.

South Africa was named winner of the award at a ceremony held in Britain following a rigorous assessment process on Sunday night. The Global Outsourcing Association (GSA) is the industry association and professional body for the global sourcing industry.

The GSA also serves to share best practices, trends and connections across the globe and to bring the global community together in a wholly interactive manner for the first time.

The ceremony brought together more than 350 members of the leading outsourcing service providers, advisers and buyers.

Davies said South Africa offered value beyond a cost arbitrage with investors reporting positive operational effectiveness and revenue impacts.

Since 2012, the South African offshore Business Process Services (BPS) market has experienced compounded average growth of 25 per cent year-on-year and now boasts around 30,000 offshore jobs, with Britain being the leading buyer of South African BPS services followed by Australia and the United States.

The BPS sector is one of the department's priority sectors attracting investments from English-speaking markets in particular Britain, Australia and recently from the US.

Source: NAM NEWS NETWORK.

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