6. Business Process Services (BPS)
Government funding and grants such as this one was created to attract investments and create employment opportunities through offshore activities. Its secondary objective is to create youth employment opportunities and contributing to the export revenue of the country through offshoring services.
Qualify for these business grants by having:
- Must be performing BPS activities
- May be involved in starting a new operation or expanding an existing operation in order to perform BPS activities.
- By the end of three years from the start of the new project or expansion, must have created at least 50 new offshore jobs
- Must commence its commercial operations no later than six months from the date on which the BPS incentive grants were approved
- If in a joint venture arrangement, must have at least one of the parties registered in South Africa as a legal entity
- The project must employ at least 80% youth
- Have secured a contract for offshore BPS activities
- Comply with the B-BBEE requirements
- Submit an application for the BPS incentive prior to the engagement of qualifying jobs
- The project must be financially viable
- Comply with all statutory regulations
- Be a going concern.
Contact Information:
- Reshni Singh:RSingh@thedti.gov.za; 012 394 1040
- Mandi van Rensburg:MvRensburg@thedti.gov.za; 012 394 1046
- Manneo Matsane:MMatsane@thedti.gov.za; 012 394 1248
- Find more information here.