Information and Communications technology (ICT) is making headway in South Africa and as per the representatives of the country it is here to stay. This has raised hopes of generating employment for a number of unemployed in the country and in order to encourage investors, South Africa is offering tax breaks and grants to companies which outsource to India in the next five years.
Some of the areas where South Africa is looking forward to are insurance, banking, IT support and telecommunications. Companies such as Barclays and Vodafone are already operating in the country.
What was holding companies back up till now regarding moving to South Africa was the monopoly of Telkom in telecommunications but now the sector has been deregulated. Also the high crime rate in the country was a big drawback but South Africa wants to change this all.
