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Thu, 30 October 2014: Adcorp Holdings Ltd (ADR)     Open: 3320    Close: 3338    Bid: 3354     Bid Volume:1694    Offer: 3390   Offer volume :123      High: 3356     Low: 3320     Volume: 14484     Value 48316359   pe   : 10.53     Move: 18  Move percentage:  0.54%  Trades   Number: 32  
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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.
10 July 2014 - Marginal growth in SA job market
Employment in South Africa grew marginally by 26,090 jobs in June. This is according to Adcorp Labour Economist Loane Sharp, in the latest Adcorp Employment Index. ...
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10 June 2014 - Use of temporary workers continues to grow across all sectors
Recent figures released by the Adcorp Employment Index reveal that the South African employment landscape remains disheartening. ...
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12 May 2014 - Employment Equity laws and the unintended consequences
Adcorp calculates that the cost to equalise permanent and agency workers’ wages on a narrow interpretation of the EEA will be R78.2 billion per annum ...
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