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Adcorp to buy Australian IT company

Dec 12 2012 13:02 Reuters

Company Data

Adcorp Holdings Limited [JSE:ADR]

Last traded 31
Change 0
% Change 0
Cumulative volume 62038
Market cap 0

Last Updated: 27-03-2015 at 02:56. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - South African employment agency Adorp Holdings [JSE:ADR] said on Wednesday it had bought Australian IT provider Paxus from Computer Sciences Corporation for almost R545m in cash. 

Adcorp said the acquisition would diversify its earnings and geographic spread.

 

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Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

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