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dti: UK BPS investors express confidence in South Africa's market offering

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dti: UK BPS investors express confidence in South Africa's market offering

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Trade and Industry Minister Rob Davies

24th January 2017

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Key role players in the Business Process Services (BPS) in the United Kingdom who are based in South Africa have agreed to set-up a technical working-group with the Department of Trade and Industry (the dti) to enhance South Africa’s value proposition. The decision was taken in a meeting that the Minister of Trade and Industry, Dr Rob Davies hosted with BPS investors in London. Minister Davies is on a two-day visit in the United Kingdom (UK) to engage the government on Brexit transaction and to showcase opportunities for investment in some of South Africa’s priority sectors.

A number of companies that attended the meeting were pleased with South Africa’s service offerings. Davies also welcomed the Global Sourcing Association Summit which will be held in Cape Town, South Africa in October 2017.

Minister Davies launched the revised Business Process Services (BPS) incentive at South Africa House in the UK in October 2014 to promote investor retention and expansion. As a follow up, Davies hosted a roundtable discussion with BPS investors during the visit which facilitated a fruitful discussion with companies on the future outlook for South Africa.

Minister Davies also met with Chatham House on the Trade and Investment Policy, including South Africa’s economic outlook. He stated that government was encouraging private-sector investment with the establishment of InvestSA, a one-stop shop to boost investment.

“The aim is to remove administrative barriers, reduce regulatory inefficiencies, improve turnaround times, and coordinate and fast-tract investment enquiries,” said Davies.

Today, Davies will amongst others have a bilateral meeting with his counterpart, Dr Liam Fox to discuss Brexit, as well as engage investors in the renewable energy sector. In addition, he will engage traders in the agricultural sector.

 

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