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EPA:TEP 23 October 2025 - 7 December 2025

South Africa’s Outsourcing Boom Becomes a New ‘Gold Rush’ for Jobs and Investment

South Africa’s Outsourcing Boom Becomes a New ‘Gold Rush’ for Jobs and Investment

For 31-year-old accountant Esethu Dywili, the rise of outsourcing in South Africa has been life-changing. After several years working for an international finance firm in Johannesburg, Dywili was able to build a new house for his parents and siblings in rural Eastern Cape newsghana.com.gh newsghana.com.gh. “When you work for a firm that earns in US dollars or British pounds, you can earn a salary that many local firms can’t match,” he said newsghana.com.gh. His story reflects a broader trend: the outsourcing sector has become South Africa’s “newest goldmine” – creating lucrative opportunities for educated young people and injecting hope into an economy long plagued by joblessness. South Africa struggles with around 33% unemployment newsghana.com.gh, yet business process outsourcing has emerged as a rare bright spot. This industry – which includes call centers, back-office services, IT support, accounting and more – is booming and offering a lifeline to thousands of jobseekers. Covering fields from finance to customer service and data analytics, the outsourcing sector has been expanding rapidly despite the country’s broader economic challenges newsghana.com.gh. In the Western Cape province alone, BPO now contributes ~R35 billion annually to the economy and employs over 70,000 people, a dramatic rise from fewer than
23 October 2025

Stock Market Today

  • Asia Stocks Up with Wall Street; Chips, AI Drive Gains as Oil Holds
    June 30, 2026, 2:36 AM EDT. Asia stocks mostly climbed Tuesday, with South Korea's Kospi up 1.3% snapping back from earlier tech losses. Heavyweights Samsung Electronics and SK Hynix gained 3.6% and 1% after word of $500 billion in planned investment. Japan's Nikkei rose 0.9%, getting a lift from AI names like Tokyo Electron. The Hang Seng in Hong Kong slipped 0.8%. Oil prices stayed steady, close to pre-Iran war marks, as the U.S. and Iran plan to send teams to Qatar, though no direct talks confirmed yet. Wall Street ended higher-the S&P 500 added 1.2% as tech led, with Nvidia, Intel and AMD all strong. The dollar firmed against the yen as trading moved on.
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