Former president Jacob Zuma was never going to remain the all-powerful and omnipresent political figure that he thought, writes Pieter du Toit.
Following the resignation of its CEO, Adcorp announced in a statement on its unaudited results for the six months ended on August 31, 2019 that it had suffered a 10% drop in revenue and R447m net losses.
Last week’s ruling on labour brokers by the Constitutional Court has already led to a significant victory for workers at breakfast cereal behemoth Kellogg’s.
A Constitutional Court ruling in favour of Numsa over who should be regarded as the employer of workers placed by labour brokers need not be nails in the coffin for temporary employment services, says Adcorp.
Only the public sector created jobs in May, and projections suggest chances are slim that permanent employment could absorb school leavers.
The most significant job losses in South Africa have been in manufacturing and wholesale and retail trade, according to the latest Adcorp Employment Index.
The workforce-management company says its SA clients have cut back on temporary hires and delayed the appointment of permanent employees.
The Constitutional Court does not ban labour broking entirety, but rather aims to ensure that the provision of temporary services is truly temporary, say experts at Cliffe Dekker Hofmeyr.
JSE-listed Adcorp has announced its acquisition of specialist oil and gas workforce recruiter, Dare, for an estimated R280m as it seeks to expand into Africa.
Adcorp CEO Richard Pike says he is pleased with the firm's financial performance after it recorded a 37% revenue increase for the year ending February 28 2014.
The Adcorp Employment Index shows that jobs in the informal and temporary sectors have increased, but the country’s skills shortage is substantial.
Somerset WestAfrica Experience Collection (PTY) LTDR40 000.00 - R70 000.00 Per Month
Cape Town Northern SuburbsPeoplefinder Career Placements
Apartments / Flats
R 6 250 000
R 2 995 000
R 8 400 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.