It is clear and essential that South Africa’s economic recovery plan will focus on creating new digital skills - moving away from previous systems. Writing his weekly open letter to the public, President Cyril Ramaphosa said that the change will focus on putting the economy on a fundamentally different growth trajectory. The president believes that one of the ways that this can be done is through creating significant job potential in the digital economy.
This is proven by the fact that South Africa has seen nothing but growth in various sectors throughout recent years, including finance and banking, communications and information
technology, the gaming market, and others. For example, in the latter, online casinos in South Africa
are appealing to a lot of world-known popular iGaming companies such as NetEnt, Microgaming and Pragmatic Play.
We have seen time and time before that South Africa is resilient when it comes to proving a point. In a short span of time, South Africa has managed to position itself from an unknown destination for offshore customer delivery to be a leader like India and the Philippines. South Africa has many advantages that make it an attractive destination for business services such
as:
Having a sophisticated digital infrastructure, such as mobile networks and high-speed broadband.
Having a young and skilled workforce that delivers a world-renowned quality of service.
Deep knowledge in the technology and financial industry.
A high level of English proficiency.
Positioned in a similar time zone to key export markets.
In order to promote this sector, the Global Business Services incentive was launched, and it was successful in reducing costs and attracting new investors to the country. Ramaphosa claims that the sector in South Africa is twice the global growth rate for the sector since 2014 and it is also three times faster than key competitors. In fact, since 2018, South Africa has introduced 40,000 jobs to the economy, with 82% of these new jobs occupied by young people and 65% being women. The country is moving forward with its economic reconstruction and recovery, but it is now important to recognise and nurture these improvements. The president believes that the country has all of the ingredients that they need for economic success. Now it’s time for South Africa to put these resources to good use.
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