Month: January 2019

Minister Davies Launches The Global Business Process Services (Bps) Incentive To Prospective Investors In London, United Kingdom

Minister Davies Launches The Global Business Process Services (Bps) Incentive To Prospective Investors In London, United Kingdom

The Minister of Trade and Industry, Dr Rob Davies has launched the Global Business Services (GBS) Incentive at SA House in London, United Kingdom. Davies said that the Business Process Services (BPS) industry offers South Africa the largest job creation potential across all service sectors. […]

Podcast: Dti launches new incentive to spur job creation

Podcast: Dti launches new incentive to spur job creation

South Africa sits with one of the highest unemployment rates in the world, which means new solutions are required to counter the problem. The Department of Trade and Industry (Dti) is pursuing a new project to bolster jobs for SA’s youth. The Global Service Incentive […]

New incentive for global business services will create jobs for youth – Davies

New incentive for global business services will create jobs for youth – Davies

A new incentive for the global business services sector will create employment opportunities for youth in SA, Trade and Industry Minister Rob Davies said.

The Global Business Services incentive – which came into effect on January 1, 2019 – was first launched last month by the minister in London. It replaces the previous Business Process Services Incentive, according to a statement from the department of trade and industry (dti).

The dti had revised the package after continuous monitoring of the global business services sector, a global benchmarking study and investor engagements.

Through the incentive, youth will have opportunities in medium to high complexity jobs linked to major global brands, the department explained.

“Areas of special interest by potential global investors are legal services, finance and accounting and IT services,” Davies said.

“With the added benefit of the incentives, South Africa will be able to attract a significant share of the opportunities presented by global market which this sector presents.

“The dti has partnered with the industry to develop a compelling value proposition to investors which will support government’s objectives of job creation within South Africa, primarily for youth and increase export revenue,” the statement read.

According to the dti the sector has reported an average annual growth rate of 22% and the growth rate is expected to increase over the next five years.

Incentive ‘will create job opportunities’

Incentive ‘will create job opportunities’

The Minister of Trade and Industry, Rob Davies, says the Global Business Services (GBS) incentive that became effective from January 1 will create employment opportunities for the youth in South Africa. Davies launched the GBS incentive last month at South Africa House in London. He […]