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Johannesburg - With the local market characterised by a dwindling supply of ICT personnel, JSE-listed IT solutions and services group Faritec is borrowing on a cue from multinational firms, tapping in to the expertise of Indian firm Satyam to address the ICT skills crunch.
As part of Faritec's agreement with Satyam, the two firms have set up a joint skills transfer model that will see Satyam commit 80% of total training costs for every South African sent to train in India while Faritec will contribute the remaining 20%.
With a network that spans over 57 countries, and nearly 42 500 highly-skilled IT professionals working in development centres in India, the US, the UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia, Satyam serves over 570 global companies, including more than 165 Fortune 500 corporations.
Says Faritec CE Simon Tomlinson: "Some graduates depending on performance are guaranteed of employment with Faritec. But given the scale of the skills deficit, most of the returning students are almost guaranteed employment."
The model will begin with an initial 35 South Africans being trained for one year in India, and these numbers should ramp up to 200 people over a period of 24 months. The one-year course consists of two months' theory followed by 10 months on assignment to Fortune 500 projects - equal to about three years' experience in real terms.
Only recently, Satyam unveiled a strategic initiative to strengthen its presence in South Africa, setting an aggressive target of 75% year-on-year revenue growth and investing heavily in the development of skilled resources.
The company now employs more than 120 technical staff at customer locations and has offices in Johannesburg and Cape Town.
- Fin24