1.0
24 Nov 2023
Took their eye off the ball
Former employee, more than 1 year
Johannesburg
Recommend
CEO approval
Business outlook
Pros
Opportunties to work across Africa, exposure to different industries
Cons
AMSCO was in a unique position of being an UNDP project implemented by the EU. It placed expats in African businesses and, because they were part of the UN, these expats paid no tax. It was really easy to get clients this way (tax free salary!), but this meant that AMSCO never invested in its own systems or building a business that was competitive in any other way. When the UNDP didn't renew, the business contracted in a serious way and it has never really recovered.
