Business Process Services incentive scheme created 30 000 jobs – DTI

1st February 2017

By: African News Agency

  

Font size: - +

The Business Process Services (BPS) Incentive Scheme of the department of trade and industry (DTI) has created 30 000 jobs since 2011, the department said on Tuesday.

“The objective of the BPS scheme is to create employment opportunities particularly for the young people of South Africa through servicing offshore activities,” department’s Chief Operating Officer for Incentives Administration, Susan Mangole, said in a statement.

“To achieve this objective, we have created more than 30 000 jobs by supporting forty-three companies through BPS at a cost of almost R1-billion. About 86% of the jobs are for the youth.”

Mangole said that the scheme was also aimed at contributing to the country’s export revenue from offshoring services.

The Portfolio Committee on Trade and Industry visited one of the beneficiaries of the scheme on Tuesday.

The chairperson of the committee, Joan Fubbs, said the purpose of the site visit to the DTI-funded companies was to assess how the funds that the department disburses are making an impact.

“We would like to get first-hand information from the beneficiaries themselves on how the incentives are applied, whether they achieve their objectives, as well as the challenges companies could be experiencing,” said Fubbs.

Edited by African News Agency

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION