Gurgaon, Dec 11 : In a comprehensive study, the Everest Group has suggested that South Africa is emerging as credible offshore business destination.
Elaborating on the findings of the study, Nikhil Rajpal, Principal, Everest Group, said, "South Africa presents a significant opportunity for global financial services firms looking to expand their offshore footprint. It offers a 50-60 per cent operating cost savings potential over western markets. Further, we observed that the savings gap between Johannesburg and a low-cost offshore destination like Bangalore has decreased from 30 per cent in 2005 to 15 per cent in 2008 and could further decrease to just
8 per cent in 2012."