Satyam Computer Services Ltd announced strategic initiatives to strengthen its presence in South Africa. The company plans to recruit about 200 South African locals in support of the Black Economic Empowerment Charter (BEEC) for the Republic of South Africa. In the near future, it also plans to set up a BPO centre in South Africa if the demand increases.
Addressing the media, Virender Aggarwal, director and senior vice-president, Satyam APAC and MENA, said: ?With South Africa constituting more than 60% of the IT market of African continent and a 20% annual growth in the IT spends, the country offers tremendous business opportunities. This is the local manpower pool that can be honed into talented software professionals with Satyam?s training.? Given the potential, both in terms of business and human capital, we have set a target of 75% y-o-y revenue growth and we will invest in further developing the local human capital through various skill enablement initiatives. In the next 2-3 years, we plan to achieve a leading position in South Africa, he said.
