International companies will likely increase their offshore operations in South Africa, with over 200,000 jobs expected in the coming years. <\/p>\n\n\n\n
New data from recruitment firm Robert Walters showed that offshoring is expected to generate up to $6.8 billion USD (roughly R120 billion at current exchange rates) for South Africa\u2019s economy by 2030.\u00a0<\/p>\n\n\n\n
The sector is also expected to create over 212,000 skilled jobs over the next five years, as international companies increasingly bring operations to South Africa to tap professional talent.\u00a0<\/p>\n\n\n\n
This will mark a 45% increase from today\u2019s contribution, estimated at $4.4 billion (about R76 billion in current currency), and will see offshoring grow from 1.07% to 1.60% of South Africa\u2019s GDP by the end of the decade.\u00a0<\/p>\n\n\n\n
The forecast, which was produced by the Robert Walters Market Intelligence team, shows a shift in the global offshoring landscape. <\/p>\n\n\n\n
The sector was previously focused on cost-saving and volume, while it now focuses on building capability, quality, and resilience by tapping into skilled international workforces. <\/p>\n\n\n\n
\u201cThe growth highlights how the offshoring sector is becoming deeply embedded in South Africa\u2019s economic architecture,\u201d comments Phill Brown, Head of Market Intelligence at Robert Walters. <\/p>\n\n\n\n
\u201cOver the next five years, it has the potential to strengthen the country\u2019s talent pipeline and support the development of specialised professional capabilities.\u201d <\/p>\n\n\n\n
\u201cThis expansion will not only drive export-led growth but also enhance South Africa\u2019s position as a trusted hub for high-value business services.\u201d <\/p>\n\n\n\n
The new information follows prior research from Robert Walters, which showed that 60% of business leaders around the world ranked South Africa as the best country for offshoring.\u00a0<\/p>\n\n\n\n
Key factors driving the growth include South Africa\u2019s strong English proficiency, close time zone with Europe, and a growing reputation for high-quality business and technology services.<\/p>\n\n\n\n
This has allowed international companies to take on increasingly complex functions offshore.<\/p>\n\n\n\n
When it comes to South Africans, there is a strong demand for professionals skilled in accounting, financial analysis, and auditing. <\/p>\n\n\n\n
\u201cMore companies are viewing offshoring not as a cost-cutting tactic but as a talent access strategy,\u201d comments David Barr, CEO \u2013 Outsourcing at Robert Walters.<\/p>\n\n\n\n
\u201cWhat sets South Africa apart is its ability to offer both scale and sophistication. It\u2019s this balance that is driving South Africa\u2019s growing role in powering business-critical functions for international organisations.\u201d <\/p>\n\n\n\n
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