Spain Eyes Opportunities In South Africa

In an effort to address a ballooning budget deficit and stave off an economic bailout Spanish companies are eyeing opportunities in South Africa.
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Dec. 10, 2012 - PRLog -- In January 2012, as the Spanish government announced the suspension of energy subsidies, more and more Spanish companies began looking at South Africa as a means to lower their total cost of ownership as well as leverage some of the advantages of the African nation.

“This trend is set to continue and we believe that it will not be limited to just Spain,” said Mr. Ian Kinsey, Managing Director, Coracall South Africa. “As European companies review their business plans and strategies for fiscal 2013, an important part of that planning process will be in depth examination of cost reduction opportunities. Our research indicates that offshoring to South Africa will continue at the same pace through 2013 and will probably increase as the Eurozone crisis deepens. The favorable time zone of South Africa to Europe, the rich talent pool and service deliver maturity presents tremendous opportunities for companies looking to outsource non-key business processes. Our centre in Durban is already home to a number of global clients.”

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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, as a result of either the matters set forth or incorporated in this report generally or certain economic and business factors, some of which may be beyond the control of Coracall. These factors include adverse economic conditions, entry of new and stronger competitors, inadequate capital to support operations and projections of revenues and profitability. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
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