The Global Sourcing Association, the department of trade and industry named South Africa as the “Global Destination of the Year”, said late on Wednesday.
Dr. Rob Davies, the Minister of Trade and Industry, says the award which is the fifth for South Africa since 2012 is an additional appreciation and recognition of the value proposition and credible offering of South Africa, the statement said.
The offering joins global best practice, a talented and scalable labor pool with the support of the government to attract international outsourcing work into South Africa.
Davies stated that since the establishment of a global Business Process Services (BPS) footprint, South Africa has been identified as a well-known offshore BPS destination and has received many international awards.
Business process services are those outsourced to organizations that majorly focus in utilizing outsourcing activities.
Specific business processes that are not the prime capabilities of an organization can be contracted out to companies skilled in taking up those activities, giving the companies higher flexibility to run finances and operations.
South Africa seized away competition from Ukraine, Mauritius and Northern Ireland for the the global destination award.
“Since 2012 the South African Offshore Business Process Services (BPS) market has experienced compounded average growth of over 20% year on year and now boasts around 40 000 offshore jobs, with the UK being the leading buyer of South African BPS services followed by Australia and the USA.”
Tags: South Africa awarded
