Adcorp had reached agreement to acquire the entire issued capital of Paxus, an Australian market leader in the information technology (IT) contracting and recruitment industry, for A$60 million (R546m), the human capital management group said yesterday. Payment for the business would be made in cash to be funded by way of a fresh issue of 13 million Adcorp shares, which would be placed with South African financial institutions, as well as approximately R252m debt to be raised in the Australian capital markets. Paxus provides IT specialists on a contracting and permanent basis across a wide spectrum of IT functions, including business analysts, project managers, consultants, testers and desktop support. Adcorp closed 0.6 percent lower at R29.77. – Wiseman Khuzwayo
Uber’s global expansion is looking costlier and riskier than ever as it struggles with regulatory and competitive obstacles in major markets.
What obligation do companies really have to naive users who don’t spend a lot of time thinking about privacy?.
Economists are beginning to question one of their most celebrated points of agreement, writes Noah Smith.
A plan to build a London residential tower inspired by the engineering supporting Yuri Gagarin’s 1961 space flight has been rejected.
US sugar companies and their rivals - the makers of corn syrup - are going to trial over what constitutes a “natural” sweetener.
Barack Obama has to sell the Trans-Pacific Partnership to the US Congress in the face of strong political headwinds.
It's an undeniable fact that there's a global economic cycle from which we seem unable to escape, writes Hamish McRae.
Coal producers have revised their wage offer for employees, which the National Union of Mineworkers will now take to its members.