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Adcorp posts significant loss owing to labour law changes

By: Megan van Wyngaardt     24th May 2017 Management consultancy company Adcorp’s shares fell as much as 8% on Wednesday morning to R10.80 a share, from Tuesday’s close of R11.74 a share, after it posted a headline loss a share of 27.9c for the year ended February 28. Its normalised earnings a share decreased by 76% year-on-year to... 

Acquisitions push Adcorp FY earnings up 58%

By: Natalie Greve     26th May 2015 On the back of an “extremely positive” 12 months to February 28, diversified workforce management and business process outsourcing company Adcorp increased its headline earnings a share by 58% to 298.5c, benefitting from the first full-year inclusion of Labour Solutions Australia (LSA) and the... 

Call for public, private cooperation in dealing with education deficits

By: Anine Kilian     16th January 2015 At a briefing held by Arup last month Deputy Minister of Telecommunications and Postal Services Hlengiwe Mkhize affirmed the message sent across the industry by the Arup Education Trust that encourages corporate companies in the private sector to get involved in empowering South Africa’s youth... 

Regulatory intervention into executive pay levels may be ‘disastrous’

By: Leandi Kolver     9th July 2014 As the issue of the pay gap between top executives and entry-level workers became more prominent, regulatory intervention into the matter was becoming more likely; however, advisory firm PwC warned that this could have undesired consequences. According to PwC’s Executive Directors’ Remuneration... 

Profit-making Adcorp observing shift from manual labour to mechanisation

By: Natalie Greve     29th May 2014 Workforce management group Adcorp has increased revenues for the year ended February 28, 2014, by an impressive 37%, generating R11.8-billion for the period, as its South Africa-based blue-collar operations continued to perform “particularly well", despite sweeping labour ructions in the... 

Recall Parliament committee to end platinum crisis, DA urges 

By: Martin Creamer     29th April 2014 Parliament’s Mineral Resources Portfolio Committee must be recalled as a matter of urgency to deal with the breakdown of negotiations in the strike-ravaged platinum-mining sector, South Africa’s Opposition Shadow Mining Minister James Lorimer urged on Tuesday. The Democratic Alliance (DA) mining... 

AMCU strike could force closure of platinum companies, warns Uasa  

By: Natalie Greve     12th February 2014 Alarming statistics reflecting the retrenchment of 35 000 workers in January might only be the “tip of the iceberg”, says labour union Uasa divisional manager Franz Stehring, who warns that protracted strikes by labour in the mining sector may affect the viability of mining companies as long-term... 

Staffing services provider launches labour law app

By: Jonathan Rodin     31st January 2014 Staffing, human capital management and business process outsourcing services provider Adcorp has launched its new labour law interactive website application (app), re-Act, which, using surveys, assesses a company’s understanding of the most important aspects of the country’s recently amended... 

Subsidy won't stop unemployment – report

By: Sapa     6th January 2014 The youth wage subsidy will only bring temporary relief and not reduce the high number of unemployable young people, according to Sunday's Rapport newspaper. CEO of labour broker Adcorp, Richard Pike, said the subsidy would advantage matriculants and temporarily slow the trend of replacing people... 

Adcorp earnings up despite volatile labour market

By: Natalie Greve     23rd May 2013 Human capital management group Adcorp on Wednesday posted headline earnings a share of 236.7c for the year ended February 28, 2013 – a 13% improvement on the 209.1c a share for 2012. Group revenue increased by 34% to R8.6-billion, while normalised earnings before interest, tax and depreciation of... 

Low labour productivity stifling local economic expansion – Motlanthe

By: Natalie Greve     14th May 2013 Low levels of labour productivity were among the most binding constraints on economic growth and on South Africa’s international competitiveness, Deputy President Kgalema Motlanthe has said. “I cannot help restating the all too obvious fact that all is not well with our labour productivity,” he... 

Mining, manufacturing sectors shed 15 000 jobs in Dec – Adcorp

By: Natalie Greve     10th January 2013 South Africa’s mining and manufacturing sectors shed up to 15 000 jobs in December, but overall employment figures across all sectors grew by 12 556 jobs, according to the latest Adcorp Employment Index, released on Thursday. 

Adcorp to buy Australian IT recruitment group for R545m

     12th December 2012 JSE-listed human capital management group Adcorp on Wednesday announced that it would buy Australian information technology (IT) contracting and recruitment company Paxus for A$60-million, or about R545-million. CEO Richard Pike said the acquistion was an opportunity for Adcorp to expand its... 

Employment in November rises, says Adcorp

By: Natasha Odendaal     6th December 2012 A total of 70 502 new jobs were created in South Africa during November, recording an annualised growth of 4.4%, the Adcorp November Employment Index, released on Thursday, revealed. The JSE-listed company said that the past three months had seen the economy add about 112 473 jobs – reversing... 

Doubt about job seekers' grant 

By: Sapa     6th August 2012 The ANC's proposed job seekers' grant has been met with far less enthusiasm than the abandoned youth employment subsidy. "The job seekers' grant will have nowhere near the impact the youth wage subsidy would have had," said Adcorp labour market analyst Loane Sharp. 

Adcorp sounds alarm over sick leave  

By: Sapa     10th May 2012 South Africa lost R3.9-billion worth of output last year to sick leave and absenteeism, recruitment company Adcorp said on Thursday. "The cost to the economy has been enormous. Due to the unplanned and unpredictable nature of sick leave, the knock-on disruptive effects on supply chains has... 

Adcorp says March employment up, union membership down

By: Henry Lazenby     10th April 2012 A total of 108 826 new jobs were created in South Africa in March, an increase from the 24 000 jobs created in February and 80 000 jobs created in January, the latest Adcorp Employment Index showed on Tuesday. This was the strongest monthly showing of job creation since the 2009 recession, with... 


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