Johannesburg, July 10 - Aegis Ltd, a Gurgaon-based business process outsourcing (BPO) provider and part of the Essar group, has announced the 100 percent acquisition of South African contact centre outsourcer CCN group.

The acquisition, announced Thursday, is expected to boost South Africa's economy through a 500 million rand ($60 million) injection over three years and create 5,000 jobs.

'This is our way of showing a long term association with South Africa,' Sandip Sen, global chief marketing officer and head of sales at Aegis, told the Afrikaans daily Beeld here.

CCN has been in the BPO business for seven years, with revenues in excess of 150 million rands ($18 million) last fiscal.

Sen said various international technology companies were reluctant to invest in South Africa because the country did not have a large BPO company.

Aegis services several Fortune 500 companies worldwide in the telecom, banking, financial services, insurance, healthcare and travel verticals, which Sen said would lure companies to South Africa.