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).

Available: http://www.sanews.gov.za/south-africa/minister-davies-arrives-uk-ahead-incentive-launch