A boon for South African outsourcing industry
Currency depreciation has positive as well as negative impacts on the country’s economy. It makes exports cheaper, and imports dearer, increases inflation and drives foreign direct investments (FDI) away from the country.
Continued weakening of the Rand and a grim recovery outlook in the short- to medium term, could help the local South African outsourcing industry establish itself as a cost-effective destination for outsourcing contracts and, subsequently, attract more engagements to the country.
How can Deloitte help:
The South African outsourcing industry should make utmost use of the weak Rand regime to establish itself as a cost-effective destination and to raise its service contribution to the global outsourcing industry