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Mon, 03 August 2015: Adcorp Holdings Ltd (ADR)     Open: 3250    Close: 3199    Bid: 3180     Bid Volume:10648    Offer: 3185   Offer volume :15853      High: 3320     Low: 3161     Volume: 148438     Value 472488173   pe   : 10.72     Move: -19  Move percentage:  -0.59%  Trades   Number: 114  
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Our Industry 

Adcorp and the South African employment industry

With its population of 48 million people and a labour force of 31 million, South Africa has an employment industry that has a number of unusual characteristics. The most telling is the high unemployment rate, which currently stands at 25%.

This is high by the standards of most western nations, where 10% is the norm, but not necessarily by those of emerging markets. So at any one time, nearly one in four people are seeking employment. It is this that drives the existence of a large, dynamic recruitment industry. It is here that Adcorp and the country’s staffing sector is focused, providing a wide range of services to millions of new entrants, re-entrants, job leavers and others who have lost their jobs.

Job-seekers with limited qualifications or experience find employment through temporary employment services. This sector alone is worth R26bn, and consists of more than 5 000 businesses operating nearly 7 000 recruitment centres. In addition, there is also a vibrant, competitive contract-labour market, where private-sector intermediaries play a vital role in helping people to find work.
05 May 2015 - Empowerment award
Holding her own amongst top blue-chip companies we are delighted to announce that Kay Vittee from Quest Staffing Solutions scoops top honours, being recognised for the Top Empowered: Female Leader of the Year Award. ...
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25 March 2015 - Celebrating 40 years of business success
Adcorp, which was founded in 1975 as South Africa’s first recruitment advertising agency and has transformed into the largest workforce management player on the African continent, this month celebrates 40 years of operation. ...
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03 November 2014 - Adcorp to acquire remaining Kelly Group shares
Adcorp has made an offer to acquire the Kelly Group ordinary shares that it does not already own. ...
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