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06-May-2019
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 163 838 662 representing 67.22% of the total issued share capital of the same class of Workforce shares.
29-Mar-2019
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 31 December 2018 is available on the company's website, www.workforce.co.za. The integrated annual report contains no modifications to the audited summarised condensed results for the year ended 31 December 2018 published on SENS on 27 March 2019.



Notice is hereby given that the annual general meeting of the company's shareholders will be held at 11 Wellington Road, Parktown on Monday, 6 May 2019 at 10:00 to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 26 April 2019. Accordingly, the last day to trade Workforce shares in order to be recorded in the Register to be entitled to vote will be Tuesday, 23 April 2019.
27-Mar-2019
(C)
Revenue for the year increased to R3.014 billion (2017: R2.808 billion), gross profit rose to R691.3 million (2017: R635.4 million), earnings before interest, taxation, depreciation and amortisation ("EBITDA") jumped to R156.9 million (2017: R123.6 million), profit for the year attributable to owners of the parent climbed to R105.9 million (2017: R98.5 million), while headline earnings per share grew to 45.4 cents per share (2017: 42.8 cents per share).



Dividend declaration

A dividend of 1.5 cents per ordinary share was declared for the year ended 31 December 2018.



Company outlook

From what is set out above, the management of Workforce believe that the group is in the process of establishing a structure that will enable sustainable growth in all the segments of the business and which will enable Workforce to act as a holding company of investments in different segments within the people services sector of the economy. We look forward to the numerous infrastructure projects, both in South Africa and in neighbouring countries, in which Workforce is able to become a meaningful, relevant and significant player.



Technology developments will set us apart in the acquisition of contracts and benefit the group in the management of our clients' business in terms of productivity and welfare.



We remain optimistic that the group will fare well in the current economy, hopeful of a smooth election and leadership transition to follow. This will stabilise the country's political environment, diminish uncertainty and in this context, the outlook is for satisfactory growth for the group.
09-Oct-2018
(Official Notice)
Further to the announcement released on SENS on 31 August 2018, shareholders are advised that, at the general meeting of Workforce held today, the resolution as set out in the notice of general meeting was passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 222 926 247, representing 91.46% of the total issued share capital of the same class of Workforce shares.
31-Aug-2018
(Official Notice)
Shareholders are advised that due to an administration error, remuneration payable to non-executive directors, which was tabled to and approved by shareholders at the company?s annual general meeting held on 7 May 2018 differed from that proposed by the company?s remuneration committee.



Accordingly, the company has elected to call a general meeting of shareholders to correct the error previously made and to present the correct non-executive director fees to shareholders for approval. The notice of general meeting was distributed to shareholders today, 31 August 2018.



Notice is hereby given that the general meeting will be held at 10:00 on Tuesday, 9 October 2018 at 11 Wellington Road, Parktown, to consider, and, if deemed fit, to pass, with or without modification, the business stated in the notice of general meeting.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the general meeting is Friday, 28 September 2018. Accordingly, the last day to trade Workforce shares in order to be recorded in the Register to be entitled to vote will be Tuesday, 25 September 2018.
23-Aug-2018
(C)
Revenue for the interim period increased by 4.2% to R1.423 billion (2017: R1.366 billion), gross profit rose 6.7% to R333.9 million (2017: R313 million), operating profit lowered slightly to R54.2 million (2017: R54.4 million), profit for the period attributable to owners of the parent climbed to R45.9 million (2017: R42.5 million), while headline earnings per share grew to 20.1 cents per share (2017: 18.6 cents per share).



Dividends

No dividend was declared relating to the period under review.



Changes to the board

With effect from 1 July 2018:

- Philip Froom resigned as chief executive officer of the group;

- Mr Ronald Katz, executive chairman of the group, assumed the role of chief executive officer; and

- Mr John Macey, the head independent non-executive director, assumed the role of chairman of the group.



Subsequent to the reporting period, Ms Inshaaf Ross was appointed as a non-executive director with effect from 13 August 2018.



Furthermore, in compliance with paragraph 3.59 of the JSE Listings Requirements, shareholders are advised that Mr Mark Anderson has resigned as alternate director with immediate effect due to other responsibilities.
13-Aug-2018
(Official Notice)
The board of directors of Workforce notified its shareholders that Ms Inshaaf Ross (?Ms Ross?) has been appointed as a non-executive director and a member of the Social and Ethics Committee with immediate effect.
24-Jul-2018
(Official Notice)
05-Jun-2018
(Official Notice)
The board of directors of Workforce (?the Board?) notified shareholders that Mr Philip Froom has resigned as chief executive officer and executive director, with effect from 30 June 2018, in order to pursue personal interests.



With effect from 1 July 2018, Mr Ronald Katz, the executive chairman of the Group, will assume the role of interim chief executive officer, until a further announcement is made.



Accordingly, shareholders are advised that Mr John Macey, the lead independent non-executive director will become interim chairman effective 1 July 2018. As such, Mr John Macey can no longer remain chairman of the Audit and Risk Committee and will accordingly step down, while still remaining a member. Ms Kyansambo Vundla, a current member, will become chairperson of the Audit and Risk Committee effective 1 July 2018.
07-May-2018
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held today, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.



The number of shares voted in person or by proxy was 166 552 723, representing 68.33% of the total issued share capital of the same class of Workforce shares.
06-Apr-2018
(Official Notice)
Shareholders are advised that the Workforce?s annual compliance report in terms of Section 13G(2) of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, is available on the Company?s website, www.workforce.co.za.
29-Mar-2018
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 31 December 2017 will be distributed to shareholders today, 29 March 2018 and is available on the company?s website, www.workforce.co.za. The integrated annual report contains no modifications to the audited summarised consolidated results for the year ended 31 December 2017 published on SENS on 15 March 2018.



Notice was given that the annual general meeting of the company?s shareholders will be held at 11 Wellington Road, Parktown on Monday, 7 May 2018 at 10:00 (and not Monday, 31 May 2018 as indicated in the notice of annual general meeting that was printed and distributed to shareholders) to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report. Shareholders are advised that the notice of annual general meeting, as contained in the integrated annual report that has been uploaded on the company?s website reflects the correct date of the annual general meeting throughout.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Thursday, 26 April 2018. Accordingly, the last day to trade Workforce shares in order to be recorded in the Register to be entitled to vote will be Monday, 23 April 2018.
15-Mar-2018
(C)
24-Aug-2017
(C)
Revenue for the period increased by 14.5% to R1.366 billion (2016: R1.193 billion), gross profit rose 8.4% to R313 million (2016: R288.8 million), earnings before interest, taxation, depreciation and amortisation ("EBITDA") climbed 4.7% to R69.1 million (2016: R65.9 million), profit attributable to owners of the parent was higher at R42.5 million (2016: R40.7 million), while headline earnings per share grew to 18.6 cents per share (2016: 17.7 cents per share).



Dividends

No dividend was declared relating to the period under review.



Company outlook

The recent Labour Appeal Court judgement relating to the Temporary Employment Service ("TES") industry has attracted much press coverage with its perceived negative implications for TES providers. What is relevant is that there has been an Application for Leave to Appeal this judgement lodged with the Constitutional Court. This action suspends this judgement and reinstates the initial Labour Court ruling, which found that a temporary employee working longer than three months and earning less than R205 433 annually is deemed to be an employee of both the TES provider and the TES provider's client and that these parties are jointly and severally liable for any employment related obligations relating to that employee.



The TES industry is confident that the Constitutional Court will uphold the initial ruling and it is estimated that we will have clarity in this regard within the next twelve months. Notwithstanding the challenging economic and labour environment, management continues to identify growth opportunities within the segments the group operates in and remains committed to its diversification and acquisition strategies.
27-Jun-2017
(Official Notice)
The board of directors of Workforce (?the Board?) notified its shareholders that Mr Shaun Naidoo (?Shaun?) has been appointed as a non-executive director of the Company with effect from 26 June 2017, as a representative of the Company?s shareholder, Vunani Corporate Finance (a division of Vunani Capital (Pty) Ltd.). He will replace Mr Mark Anderson, who will remain on the Board as an alternate director to Shaun.
04-May-2017
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held 04 May 2017, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 166 984 491, representing 68.51% of the total issued share capital of the same class of Workforce shares.
31-Mar-2017
(Official Notice)
Shareholders are advised that the integrated annual report for the year ended 31 December 2016 was dispatched to shareholders on 31 March 2017 and is available on the company?s website, www.workforce.co.za. The integrated annual report contains no modifications to the audited summarised consolidated results for the year ended 31 December 2016 published on SENS on 23 March 2017.



Notice was given that the annual general meeting of shareholders of Workforce will be held at 10:00 on Thursday, 4 May 2017 at 11 Wellington Road, Parktown to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 28 April 2017. Accordingly, the last day to trade Workforce shares in order to be recorded in the Register to be entitled to vote will be Monday, 24 April 2017.
23-Mar-2017
(C)
Revenue for the year increased by 29.4% to R2.523 billion (2015: R1.950 billion), gross profit rose 31.7% to R599 million (2015: R454.8 million), earnings before interest, taxation, depreciation and amortisation ("EBITDA") jumped 29.4% to R137.9 million (2015: R106.6 million), while profit for the year attributable to owners of the parent was higher at R91.6 million (2015: R76.8 million). Furthermore, headline earnings per share grew by 20.1% to 40 cents per share (2015: 33.3 cents per share).



Company outlook

The nature of the group's business model is defensive in nature and the various businesses that make up the Workforce group of companies continue to benefit from the various initiatives that the government introduces to drive economic growth. Government aims to transform the economy through training, job creation and increased investment. Government's progress on its delayed infrastructure development plans should result in further demand for our group's services.



From a regulatory point of view, we welcome the introduction of a minimum wage and although it may initially create a degree of uncertainty, in the longer term, we believe it will improve the stability of labour in the country and will provide fairer and more sustainable pay structures. We do not, at this stage, believe it will have any material impact on our earnings.



With the activities and services that our group undertakes, we create shared value by making a meaningful and sustainable difference in people's lives and see ourselves as a substantial contributor to the socio-economic development of the communities in which we operate. There is a clear sense of purpose within the group and our business unit leaders are optimistic about the prospects of their respective businesses.
27-Feb-2017
(Official Notice)
Further to the announcement released on SENS on 12 January 2017 (and using the terms defined therein unless otherwise stated), regarding the acquisition of KBC Holdings, shareholders are hereby advised that all conditions precedent have been fulfilled and the Acquisition is now unconditional.



Shareholders are further advised that Workforce, through its operating subsidiary, Workforce Group (Pty) Ltd. has acquired the business of Oxyon Human Capital Solutions (Pty) Ltd. (?Oxyon?), as a going concern, comprising of its customer contracts and contractor base (?Oxyon Acquisition?). Oxyon is a Temporary Employment Service and permanent placement recruitment business which has been in existence for over 20 years. Oxyon has been active in providing technical and artisanal skills to the engineering industry. The Oxyon Acquisition is aligned to the Group?s strategy of expanding its technical and artisanal business offerings.



Workforce anticipates benefitting from numerous cross-selling opportunities into Oxyon?s existing client base by offering Workforce?s suite of complementary Human Resource solutions in addition to Oxyon?s traditional services.



The Oxyon Acquisition falls below the threshold of a categorised transaction in terms of the Listings Requirements of the JSE Ltd. and its announcement is therefore voluntary.
31-Jan-2017
(Official Notice)
A review by management of the financial results for the year ended 31 December 2016 has indicated that:

- the earnings per share (?EPS?) is expected to be between 39.19 cents and 42.60 cents, reflecting an increase of between 15% and 25% compared to the EPS of 34 cents for the year ended 31 December 2015; and

- the headline earnings per share (?HEPS?) is expected to be between 38.27 cents and 41.60 cents, reflecting an increase of between 15% and 25% compared to the HEPS of 33.30 cents for the year ended 31 December 2015.



Workforce?s financial results are expected to be released on SENS on or about 23 March 2017.
12-Jan-2017
(Official Notice)
The board of directors of Workforce is pleased to advise that the Company has entered into a sale of shares agreement to acquire the entire issued share capital (?Sale Shares?) of KBC Holdings (Pty) Ltd. (?KBC Holdings?) from Graham Mark Emmett, Yireh Investment Trust and Tad Hartman Trust (?the Sellers?) for a maximum total purchase consideration of R47 000 000 (?the Acquisition?).



Through its wholly owned subsidiary, KBC Health - Safety (Pty) Ltd (?KBC?), KBC Holdings is involved in the provision of induction training, Safety Health and Environmental training, contractor on-boarding services and contractor management, primarily to the mining and minerals sectors, where KBC enjoys meaningful market share and brand equity. KBC trains approximately 100 000 contractors annually through its 12 training centres situated throughout South Africa, and is the supplier of choice to many blue chip mining houses, whilst also rendering its services to other industries.



The effective date of the Acquisition is 1 January 2017 (?Effective Date?).



In addition to the conditions precedent which are normal in transactions of this nature, including the conduct of a due diligence investigation which has been satisfactorily concluded, the following conditions precedent to the Acquisition remain outstanding and are required to be concluded by 31 January 2017:

*Delivery by the Sellers to the Company of the Effective Date accounts;

*The conclusion of a key employment, restraint and confidentiality agreement with Graham Mark Emmett;

*The approval of the boards of directors of both Workforce and KBC Holdings; and

*Compliance with any statutory and/or regulatory requirements applicable for the conclusion and/or implementation of the Acquisition.



Withdrawal fo cautionary

Shareholders are referred to the cautionary announcement dated 14 December 2016 and are advised that following the release of this announcement, caution is no longer required to be exercised when dealing in the Company?s securities.



Further announcement

Shareholders will be notified once the last of the conditions precedent has been fulfilled or waived and the Acquisition becomes unconditional.

05-Dec-2016
(Official Notice)
The board of directors of Workforce (?the Board?) notified its shareholders that Ms Shelley Thomas (?Shelley?) has been appointed as an independent non-executive director, member of the Audit and Risk Committee as well as Chairman of the Social and Ethics Committee with immediate effect.
24-Aug-2016
(C)
Revenue for the interim period shot up by 31.8% to R1.193 billion (2015: R904.6 million). Gross profit soared by 38.7% to R288.8 million (2015: R208.3 million), operating profit jumped by 74.5% to R57.9 million (2015: R33.2 million), while profit for the period attributable to owners of the parent increased to R40.7 million (2015: R27.5 million). Furthermore, headline earnings per share grew to 17.7 cents per share (2015: 12.2 cents per share).



Dividends

No dividend was declared relating to the period under review.
26-Jul-2016
(Official Notice)
The board of directors of Workforce (?the board?) hereby notifies its shareholders that Mr Philip Froom has been appointed as an executive director and Chief Executive Officer with effect from 15 August 2016.



Following Mr Froom?s appointment to the board:

* Mr Ronny Katz will no longer serve as acting Chief Executive Officer and will resume his role as Executive Chairman of the board;

* Mr John Macey will cease acting as Chairman of the board and he will resume his role as lead independent director and Chairperson of the Audit and Risk Committee; and

* Ms Kyansambo Vundla will cease acting as Chairperson of the Audit and Risk Committee and she will resume her role as independent non-executive director and member of the Audit and Risk committee.
22-Jun-2016
(Official Notice)
A review by management of the financial results for the six month period ending 30 June 2016 by management has indicated that the basic earnings per share (?EPS?) and headline earnings per share (?HEPS?) is expected to be between 17.69 cents and 18.91 cents, reflecting an increase of between 45% and 55% compared to the EPS and HEPS of 12.20 cents for the six month period ended 30 June 2015.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors.



01-Jun-2016
(Official Notice)
The board of directors of Workforce (?the board?) hereby notifies its shareholders that Ms Lulu Letlape has resigned as an independent non-executive director, a member of the audit and risk committee, and chairperson of the social and ethics committee with effect from 31 May 2016.



The board has commenced the process to appoint a new independent non-executive director and shareholders will be advised once an appointment has been made.
13-May-2016
(Official Notice)
The board of directors of the company informs shareholders that Workforce has acquired the business of Gcubed Boutique Recruitment (?Gcubed?), a permanent placement recruitment agency, as a going concern from Gcubed (Pty) Ltd. with effect from 1 May 2016. Gcubed complements and enhances Workforce?s existing offering in the permanent and executive search segments of the recruitment market.



Gcubed is a generalist recruitment company that focuses on finding the best possible candidates for its clients. The company has a prestigious client portfolio in the finance, information technology, supply chain and retail sectors and has achieved its growth by building solid relationships with its clients across all economic sectors, rather than specialising in a single vertical.



Gcubed?s Tenzing Executive Search division is an executive search business that uses a retention methodology to access much higher level candidates than would be reached through a traditional recruitment approach.



Gcubed?s management and staff will be retained and the business will continue to trade under the Gcubed name, as a division within Workforce. It is anticipated that by being part of the Workforce group, Gcubed will benefit from various operational efficiencies and will also be able to enhance its value proposition and service offering to its existing and future clients.



Due to its relative size, the acquisition falls below the threshold of a categorised transaction in terms of the Listings Requirements of the JSE and its announcement is therefore voluntary.





04-May-2016
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held today, 4 May 2016, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
31-Mar-2016
(Official Notice)
Shareholders are advised that the Integrated Annual Report for the year ended 31 December 2015, together with the notice of annual general meeting incorporated therein (?2015 Integrated Annual Report?), was distributed to shareholders today, 31 March 2016, and contains no modifications to the audited summarised consolidated financial statements for the year ended 31 December 2015 published on SENS on 17 March 2016. Shareholders are advised that the 2015 Integrated Annual Report is available on the Company?s website (www.workforce.co.za).

17-Mar-2016
(C)
Revenue for the year increased to R1.950 billion (2014: R1.802 billion). Gross profit rose to R454.8 million (2014: R398.5 million), operating profit climbed to R93.7 million (2014: R69.3 million), while profit for the year attributable to owners of the parent was higher at R76.8 million (2014: R59.2 million). Furthermore, headline earnings per share grew to 33.3 cents per share (2014: 25.8 cents per share).



Prospects

We are encouraged by the manner in which each of our subsidiaries is advancing their business growth and profitability. We believe we will have an increased contribution from each of the diversifications as well as from the core business and the acquisitions we have made. However, we are realistic that this may be tempered by the clear reduction in economic activity in the country resulting from various factors both internal and external which would impact our core business.



We also have to bear in mind that the employment tax incentive that the group has benefited from terminates at the end of 2016. However, this may be replaced by other incentives aimed at retaining and growing youth employment. We have tried to balance this potential risk with our increased activities, diversifications and acquisitions, and are confident that will be able to replace the revenue lost with income from the group's other activities. As we currently stand, we anticipate the financial year 2016 to show growth consistent with the past year.



Notice of AGM

The integrated annual report for the year ended 31 December 2015 will be despatched to shareholders on 31 March 2016. Notice is hereby given that the annual general meeting of shareholders of Workforce will be held at 11:00 on Wednesday, 4 May 2016 at 11 Wellington Street, Parktown, Johannesburg, 2193 to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.
10-Mar-2016
(Official Notice)
Further to the announcement released on SENS on 12 November 2015, a review by management of the financial results for the year ended 31 December 2015 by management has indicated that:

*the basic earnings per share (?EPS?) is expected to be between 31.5 cents and 36.7 cents, reflecting an increase of between 20.2% and 40.2% compared to the EPS of 26.2 cents for the year ended 31 December 2014; and

*the headline earnings per share (?HEPS?) is expected to be between 31.4 cents and 36.6 cents, reflecting an increase of between 21.8% and 41.8% compared to the HEPS of 25.8 cents for the year ended 31 December 2014.



The financial information on which this trading statement is based has not been reviewed or reported on by the company?s auditors. Workforce's financial results are expected to be released on SENS on or about 17 March 2016.



21-Jan-2016
(Official Notice)
14-Jan-2016
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 14 October 2015 and the subsequent renewal of cautionary announcement released on SENS on 30 November 2015 and are advised that Workforce is still involved in negotiations regarding a potential acquisition which, if successfully concluded, may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities, until a further announcement is made.
30-Nov-2015
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 14 October 2015 and are advised that Workforce is still involved in negotiations regarding a potential acquisition which, if successfully concluded may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities, until a further announcement is made.
12-Nov-2015
(Official Notice)
A review of the financial results for the year ending 31 December 2015 by management has indicated that the earnings per share and the headline earnings per share are expected to increase by at least 20%, resulting in a minimum earnings per share of 31.4 cents and a minimum headline earnings per share of 31.0 cents, compared to the earning per share of 26.2 cents and headline earnings per share of 25.8 cents for the year ended 31 December 2014. A further trading statement will be published once the company has a greater degree of certainty with regards to its financial results for the year ending 31 December 2015.



Furthermore, shareholders are referred to the announcement released on SENS on 3 November 2015, wherein, inter alia, it was announced that Mr Ronald Katz, the founder and executive chairman of the Group will be interim chief executive officer, effective 31 December 2015. Accordingly, shareholders are advised that Mr John Macey, the lead independent non-executive director will become interim chairman effective 31 December 2015. As such, Mr John Macey can no longer remain chairman of the Audit and Risk committee and will accordingly step down, while still remaining a member. Ms Kyansambo Vundla, a current member, will become chairperson of the Audit and Risk committee effective 31 December 2015.
03-Nov-2015
(Official Notice)
The board of directors of Workforce (?the Board?) hereby notifies shareholders that Mr Lawrence Diamond has resigned as chief executive officer and executive director, with effect from 31 December 2015, in order to pursue personal interests. With effect from 31 December 2015, Mr Ronald Katz, the founder and executive chairman of the Group, will be interim chief executive officer, until a further announcement is made.



Furthermore, the Board is pleased to announce that Mr Sean Momberg will be appointed as managing director of the Workforce Group Proprietary Limited. Mr Momberg has been in the Group for the last eighteen years, and currently holds the position of regional director for Western-, Eastern- and Northern Cape where he has been instrumental in growing the profitability of these regions substantially.
30-Oct-2015
(Official Notice)
Further to the announcement released on SENS on 7 October 2015 and using the terms defined therein unless otherwise stated, shareholders are hereby advised that all the conditions precedent to the Acquisition, including the conclusion of service contracts between the Sellers and Prisma, have been fulfilled or waived and the transaction is now unconditional with the effective date being 1 October 2015.
14-Oct-2015
(Official Notice)
Shareholders are hereby advised that Workforce has entered into negotiations regarding a potential acquisition which, if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities, until a further announcement is made.
07-Oct-2015
(Official Notice)
26-Aug-2015
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 13 July 2015 and are advised that Workforce is still involved in negotiations regarding a potential acquisition which, if successfully concluded may have a material effect on the price of the company?s securities.



Accordingly, shareholders are advised to continue exercising caution when dealing in the company?s securities, until a further announcement is made.
26-Aug-2015
(C)
Revenue from continuing operations for the interim period increased to R904.6 million (2014: R871.8 million) whilst EBITDA rose to R38.9 million (2014: R38.4 million). Operating profit was lower at R33.2 million (2014: R33.3 million). Profit attributable to owners of the parent jumped to R27.5 million (2014: R21.6 million). In addition, headline earnings per share from continuing operations grew to 12.2cps (2014: 10.4cps).



Dividend

No dividend was declared relating to the period under review.



Outlook and prospects

Management is confident that its strategy of focused growth and diversification will result in sustained future profits and cash generation. Numerous acquisition opportunities are currently being explored which will augment its current solid base of businesses. These acquisition opportunities fall across the group's portfolio of businesses, with a view to extending its share of the market and increasing its profitability.



In addition, the group continues to strengthen its geographic presence and aims to seek out opportunities across Africa where it is currently growing its footprint. Management believes that the group is well positioned for this growth phase beyond the South African borders.



Operationally, the focus on managing costs and operational efficiencies is of primary importance to leverage profitable growth, and management expects material progress in this area over the coming months. Workforce has demonstrated robust growth in revenue over the past six months and is considered a significant competitor in the staffing, training and employee health management industries. Management believes that the group is only at the beginning of this growth trajectory and that there are multiple opportunities to capture significant commercial value from Workforce and its diverse business portfolio in the future.
06-Aug-2015
(Official Notice)
A review of the financial results for the six month period ended 30 June 2015 by management has indicated that the earnings per share (?EPS?) and headline earnings per share (?HEPS?) are expected to be between 11.8 cents and 12.8 cents, reflecting an increase of between 23% and 33% compared to the EPS and HEPS of 9.6 cents for the six month period ended 30 June 2014.



Workforce?s interim financial results are expected to be released on or about 20 August 2015.
13-Jul-2015
(Official Notice)
Shareholders are hereby advised that Workforce has entered into negotiations regarding a potential acquisition which, if successfully concluded may have a material effect on the price of the Company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities, until a further announcement is made.
05-May-2015
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held on 5 May 2015, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 159 174 500, representing 66.32% of the total issued share capital of the same class of Workforce shares.
23-Mar-2015
(C)
Revenue increased to R1.8 billion (R1.7 billion) and gross profit was higher at R398.5 million (R334.5 million). EBITDA jumped to R79.8 million (R29.6 million). Operating profit more than tripled to R69.3 million (R20.7 million). Profit attributable to owners shot up to R59.2 million (R3.5 million). In addition, headline earnings per share sky rocketed to 25.8cps (1.6cps).



Posting of integrated annual report and notice of annual general meeting

The integrated annual report for the year ended 31 December 2014 will be despatched to shareholders on 31 March 2015.



Notice is hereby given that the annual general meeting of shareholders of Workforce will be held at 11:00 on Tuesday 5 May 2015 at 11 Wellington Street, Parktown, Johannesburg, 2193 to transact the business stated in the notice of the annual general meeting, which is contained in the integrated annual report.



The board of directors of the company determined that, in terms of section 62 (3)(a), as read with section 59 of the Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of determining which shareholders of the company are entitled to participate in and vote at the annual general meeting is Friday, 24 April 2015. Accordingly, the last day to trade in Workforce shares in order to be recorded in the Register to be entitled to vote at the general meeting will be Friday, 17 April 2015.



Outlook

Workforce's overall outlook for the group is positive and it believes that 2015, specifically the first half of the year will be a bedding down period in respect of the new legislation and it expects there will be a slight fall off in its head-count as a result of this legislation. Stemming from a highly fragmented industry, relative market shares remain low and the company believes with its core focus on protecting and growing its business through the enablement of its extensive sales and business development strategy, the company will see its overall market share increase within its core markets during 2015.



Workforce do believes that a number of acquisition opportunities exist in the market across its portfolio of businesses and these acquisition opportunities will be pursued with a view to extending its share of the market and increasing its profitability.
09-Mar-2015
(Official Notice)
In terms of the Listings Requirements of JSE Ltd., companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period.



Accordingly, a review of the financial results for the year ended 31 December 2014 by management has indicated that the earnings per share and headline earnings per share are expected to be between 23.5 cents and 28.5 cents, reflecting an increase of between 1 469% and 1 781% compared to the earnings per share and headline earnings per share of 1.6 cents for the year ended 31 December 2013.



The financial information on which this trading statement is based has not been reviewed or reported on by Workforce?s auditors. Workforce?s financial results are expected to be released on or about 19 March 2015.
25-Aug-2014
(C)
12-Aug-2014
(Official Notice)
Accordingly, a review of the financial results for the six month period ended 30 June 2014 by management has indicated that the earnings per share and headline earnings per share are expected to be between 9.4 cents and 10.0 cents compared to the earnings per share and headline earnings per share of 2.9 cents for the six month period ended 30 June 2013.



The financial information on which this trading statement is based has not been reviewed or reported on by Workforce?s auditors. Workforce?s interim financial results are expected to be released on or about 20 August 2014.

20-May-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held on 20 May 2014, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders.
20-Mar-2014
(Official Notice)
14-Mar-2014
(Official Notice)
Accordingly, a review of financial results for the twelve month period ended 31 December 2013 by management has indicated that earnings per share and headline earnings per share is expected to be between 6 cents and 7 cents lower than the previous financial year's restated results of 7.8 cents earnings per share and 7.9 cents headline earnings per share. This is due to losses from discontinuing operations as well as higher than normal bad debt write offs due to the board of directors implementing a more stringent evaluation of the debtors book. Workforce's financial results are expected to be released on or about 20 March 2014.
21-Aug-2013
(C)
Revenue for the interim period increased to R779.3 million (2012: R696 million) whilst EBITDA rose to R25.5 million (2012: R16.4 million). Operating profit was greater at R21.2 million (2012: R12.2 million). Profit attributable to owners of the company jumped to R6.4 million (2012: R4.2 million). In addition, headline earnings per share from continuing operations grew to 5.9cps (2012: 3cps).



Dividend

No dividend was declared relating to the period under review.



Prospects

The group's blue collar operations continued to perform extremely well, showing very positive revenue and profit growth. Most of this growth is attributable to market share gains resulting from an aggressive sales strategy in existing and new markets. Consolidation in favour of the dominant providers of outsourced staffing services is also playing its role in this growth. Whit collar operations performed slightly below budget. However, management expects these results to improve in the next six months. The group's training and consulting businesses experienced tough trading conditions and failed to perform to expectation. Management action had been taken to restructure these operations which we believe will result in increased growth and profitability. The group's employee benefits and credit provider performed to expectation. Continued steps are being taken to mitigate credit risk within this segment, which includes ongoing system development and investment in debt collection methodology. Management believes that turnover in all divisions of the group will increase in the second half of the year, which together with a continued focus on achieving operational efficiencies and tight working capital management, should result in increased profitability. The group's liquidity is expected to improve, which places it in a strong position to take advantage of any market-based opportunities.
16-Aug-2013
(Official Notice)
Further to the trading statement dated 15 August 2013, shareholders are advised that per the cautionary announcement dated 9 May 2013 and subsequent findings by management, the 30 June 2012 interim results (2012 interim results) will be restated in Workforce's financial results which are expected to be released on SENS on or about 21 August 2013.



The 2012 interim results originally reflected earnings per share and headline earnings per share of 3.9 cents. The trading update dated 15 August 2013 has been calculated based on the restated 2012 interim results, which will reflect earnings per share of 1.9 cents and headline earnings per share of 1.8 cents.



The financial information on which this trading statement is based has not been reviewed or reported on by Workforce?s auditors.

15-Aug-2013
(Official Notice)
A review of the financial results for the six month period ended 30 June 2013 by management has indicated that the earnings per share is expected to be between 40% and 60% higher and the headline earnings per share is expected to be between 45% and 65% higher, compared to the earnings per share of 1.9 cents and the headline earnings per share of 1.8 cents for the six month period ended 30 June 2012. Workforce's financial results are expected to be released on SENS on or about 21 August 2013.
24-Jul-2013
(Official Notice)
Shareholders are advised that, at the annual general meeting of Workforce held on 24 July 2013, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The special resolutions will be submitted for registration at the Companies and Intellectual Property Commission in due course.
28-Jun-2013
(Official Notice)
21-Jun-2013
(Official Notice)
Further to the cautionary announcement and notice of adjournment of Annual General Meeting released on SENS 9 May 2013 (the Announcement), shareholders are advised that the full impact of the fraudulent act perpetrated by a senior member of management in a subsidiary, as referred to in the Announcement, is still being investigated and the financial impact thereof being determined.



Accordingly, shareholders are advised to continue to exercise caution when dealing in the company's securities, until a further announcement is made. In addition, and pending the outcome of the investigation into the financial impact of the aforementioned fraudulent act, shareholders are advised that the proposed date of the reconvened Annual General Meeting which, as set out in the Announcement, was intended to be held by no later than 30 June 2013, has been amended. The company will reconvene the Annual General Meeting by no later than Friday, 16 August 2013.
09-May-2013
(Official Notice)
Shareholders were hereby advised that Workforce has discovered that an act of fraud has been perpetrated by a senior member of management in a subsidiary. As such, the impact of this fraudulent act is currently being investigated.



Based on the preliminary findings, management has estimated that the financial impact of the act noted above would have been to reduce the earnings per share for both the financial years ended 2011 and 2012 by between 1.5 and 2.5 cents. In addition, management has estimated that the comparative net asset value of the group would have been reduced by between 2% and 4% for the 2011 and 2012 financial years.



Furthermore, pending the outcome of the investigation into the financial impact of the circumstances noted above, the company has taken the decision to adjourn the Annual General Meeting which was due to be held at 11 Wellington Street, Parktown on Friday, 10 May 2013 at 10:00 to a later date still to be decided upon. The company will reconvene the Annual General Meeting by no later than 30 June 2013.



Accordingly, shareholders are advised to exercise caution when dealing in the Company?s securities, until a further announcement is made.
27-Mar-2013
(C)
Revenue grew to R1.5 billion (R1.3 billion) and gross profit rose to R324.8 million (R309 million).Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased to R43.4 million (R41 million), while operating profit also rose to R34.4 million (R33.3 million). Net profit attributable to ordinary equity holders fell to R22.7 million (R23.6 million). Furthermore, headline earnings per share decreased to 10.3cps (10.4cps).



Dividend

No dividend was declared relating to the period under review.



Outlook

The group is confident that its current strategy will result in the achievement of its stated objectives. Continued investment in people and systems has proven to be the primary driver of success in its core business. This will continue and will be augmented by additional investment. Legislative challenges are being addressed both strategically and operationally and the group is well prepared for these changes. We look forward to a challenging yet rewarding 2013.



21-Aug-2012
(C)
Revenue for the interim period increased by 14% to R718 million (2011: R630 million) whilst EBITDA rose 18% to R19 million (2011: R16 million). Operating profit was greater at R15 million (2011: R13 million). Profit attributable to owners of the company jumped to R9 million (2011: R7 million). In addition, headline earnings per share grew 22% to 3.9cps (2011: 3.2cps)l.
15-Aug-2012
(Official Notice)
A review of the financial results for the six month period ended 30 June 2012 by management has indicated that the earnings per share is expected to be between 15% and 25% higher and the headline earnings per share is expected to be between 15% and 25% higher than the earnings per share and the headline earnings per share of 3.2 cents for the six month period ended 30 June 2011. Workforce's financial results are expected to be released on SENS on or about 21 August 2012.
31-Jul-2012
(Official Notice)
Shareholders were advised that Workforce has appointed Merchantec Capital as designated adviser to the company with effect from 1 August 2012.
17-May-2012
(Official Notice)
Shareholders are advised that at the annual general meeting of the company held on 17 May 2012, all the proposed resolutions included in the notice of annual general meeting posted to shareholders together with the company's 2011 annual integrated report, were approved by the majority of shareholders present in person and by proxy.
05-Apr-2012
(Media Comment)
The Financial Mail reported that Workforce is not concerned about the proposed changes presented in the Basic Conditions of Employment and Labour Relations Amendment Bills. CEO Lawrence Diamond says the real danger is whether government will adopt the trade unions' proposal of banning labour broking. As yet the new legislation will only tighten up regulations on labour brokers. Diamond is positive on the new rules saying that they probably represent "more opportunity than risk."
02-Apr-2012
(Official Notice)
Shareholders are referred to page 102 of the company's annual report for the year ended 31 December 2011 and are advised that the record date for purposes of attending and voting at the annual general meeting has been amended as follows:

*Last day to trade to be eligible to vote at the annual general meeting -- Friday, 4 May 2012

*Record date for determining those shareholders entitled to vote at the annual general meeting -- Friday, 11 May 2012

*Last day for receipt of forms of proxy for the general meeting by -- 10:00 on Tuesday, 15 May 2012 or they may be handed to the chairman of the meeting at any time prior to the commencement of voting on the ordinary resolutions tabled at the annual general meeting.

*Annual general meeting to be held at 10:00 on -- Thursday 17 May 2012
26-Mar-2012
(C)
Revenue grew to R1.3 billion (R1.2 billion) and gross profit rose to R309 million (R278.6 million).Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased to R41 million (R36 million), while operating profit also rose to R33.3 million (R28.8 million). Net profit attributable to ordinary equity holders jumped to R23.4 million (R15.3 million). Furthermore, headline earnings per share increased to 10.4cps (6.7cps).



Dividend

No dividend was declared relating to the period under review.



Prospects

The group will continue to aggressively protect and grow its core businesses and simultaneously explore horizontal diversification opportunities. While at the face of it, the labour market appears stagnant coupled with legislative uncertainty, the group has managed to grow its share of the market. This we believe is as a result of an increasing need for flexibility of input costs by our clients and a focus on achieving productivity gains in highly competitive markets. The increasingly complex nature of the labour environment favours a group such as Workforce, which has over the past 40 years developed the operational and technical know-how to assist clients in this ever-changing multi-faceted environment.
14-Mar-2012
(Official Notice)
Workforce advised that the company is currently finalising its results for the year ended 31 December 2011 and earnings per share as well as headline earnings per share for the period are expected to be between 40% and 60% higher than that of the previous year. It is anticipated that Workforce's financial results for the year ended 31 December 2011 will be released on or about 20 March 2012.
12-Aug-2011
(C)
Revenue for the six months ended 30 June 2011 increased to R630.2 million (R541.1 million) and gross profit rose to R145.8 million (R128.4 million). Earnings before interest, tax, depreciation and amortisation ("EBITDA") improved to R16.5 million (R15.3 million), while operating profit advanced to R12.7 million (R11.4 million). Profit for the period attributable to ordinary shareholders jumped drastically to R7.2 million (R3.9 million) and headline earnings per share strengthened to 3.2cps (1.8cps).



Dividend

No dividend has been declared.



Prospects

Based on the trends reflected in these interim results, the directors believe that turnover in all divisions of the group may further increase in the second half of the year, which together with a continued focus on achieving operational efficiencies and tight working capital management, should result in increased profitability. The group?s liquidity is expected to improve, which places it in a strong position to take advantage of any market-based opportunities.
04-Aug-2011
(Official Notice)
Workforce advises that the company is currently finalising its results for the six months ended 30 June 2011 and earnings and headline earnings per share for the period are expected to be between 70% and 90% higher than that of the comparative period. The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. It is anticipated that Workforce's financial results for the six months ended 30 June 2011 will be released by the week ending 12 August 2011.
29-Jul-2011
(Official Notice)
Shareholders are advised that a circular, incorporating a notice of a general meeting to be held at the company's offices, 11 Wellington Road, Parktown at 10h00 on Wednesday 31 Augustus 2011, will be posted to them today, 29 July 2011. The notice of meeting contain the proposed resolution relating to the financial assistance to any related or inter related company.

12-May-2011
(Official Notice)
Shareholders are advised that at the general meeting, relating to amendments to the Workforce Share Scheme, and the annual general meeting held earlier today, all resolutions were passed with the requisite majority.
24-Mar-2011
(Official Notice)
Shareholders are referred to the cautionary announcement released on SENS on 1 March 2011 and are advised that caution is no longer required when dealing in the company's securities.
22-Mar-2011
(C)
Revenue grew to R1.2 billion (R1 billion) and gross profit rose to R278.6 million (R247.2 million). However, earnings before interest, taxation, depreciation and amortisation (EBITDA) fell marginally to R36 million (R36.4 million), while operating profit also fell to R28.8 million (R29.6 million). Net profit attributable to ordinary equity holders jumped to R15.3 million (R11.4 million). Furthermore, headline earnings per share increased slightly to 6.7cps (6.4cps).



Dividend

No dividend was declared relating to the period under review.



Outlook

The expectation for the year ahead is a slow recovery of the South African economy. The group is focussed on achieving its strategic objectives, being growth and diversification of revenue streams, the further development and rollout of customer-centric technology solutions used to augment and differentiate our solutions, attracting and retaining top industry talent and cash management. The group has a strong and robust balance sheet positioning it well to take advantage of market related growth and broader opportunities. The group embraces current market challenges and looks forward to sustainable growth.



Changes to the board

Mr Ethan Dube has tendered his resignation as a non-executive director of the company with effect from 19 May 2010. Messrs Lulu Letlape and Kyansambo Vundla joined the board as independent directors on 1 November 2010 and are also serving on the audit committee. Mr Mark Anderson resigned from the audit committee with immediate effect, however will remain as board member.



Annual general meeting

The company's annual general meeting will be held at 11 Wellington Road, Parktown, Johannesburg on Thursday, 12 May 2011 at 12:00.

16-Mar-2011
(Official Notice)
Workforce advises that the company is currently finalising its results for the year ended 31 December 2010 and earnings per share for the period are expected to be between 25% and 40% higher than that of the previous year and headline earnings per share are expected to be between 3% and 8% higher than that of 31 December 2009. The financial information on which this trading update is based has not been reviewed or reported on by the company's auditors. It is anticipated that Workforce's financial results for the year ended 31 December 2010 will be released by the week ending 25 March 2011.
01-Mar-2011
(Official Notice)
Shareholders are referred to the cautionary announcements, dated 3 December 2010 and 18 January 2011, and are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.

18 Jan 2011 12:27:26
(Official Notice)
Shareholders are referred to the cautionary announcement, dated 3 December 2010, and are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made.
03 Dec 2010 09:23:25
(Official Notice)
Shareholders are advised that the outstanding matter relating to assessments issued in terms of the Compensation for Occupational Injuries and Diseases Act, which gave rise to a contingent liability of R13.5 million in the 2009 financial statements (2008: R 12 million), has been concluded in the company's favour. The outcome is that the company has no liability, contingent or otherwise, in this regard. In a matter unrelated to the above, shareholders are advised that the company has entered into discussions which, if successfully concluded, may have an effect on the price of the company`s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a detailed announcement is made.
21 Oct 2010 10:19:31
(Official Notice)
The board announced that Ms Lulu Letlape and Ms Kyansambo Vundla have been appointed as independent non-executive directors of the company with effect from 1 November 2010. They will also serve on the audit committee.
30 Sep 2010 15:51:37
(Official Notice)
Shareholders are advised that, following the announcement on 1 September 2010 confirming the resignation of Routledge Modise Inc, practicing as Eversheds, as company secretary, the board is pleased to announce that Ms Sirkien van Schalkwyk has been appointed as company secretary with effect from 1 October 2010.
01 Sep 2010 15:03:55
(Official Notice)
Shareholders are advised that Routledge Modise Inc practising as Eversheds, has given notice that it will be closing its corporate governance department and has accordingly tendered its resignation as company secretary with effect from 30 September 2010. Shareholders will be advised as regards the appointment of a new company secretary in due course.
12 Aug 2010 12:03:56
(C)
Revenue for the interim period increased to R541 million (2009: R500 million) . Gross profit was higher at R128.4 million (2009: R116.1 million) , while operating profit was slightly lower at R11.4 million (2009: R11.9 million) . Profit for the period attributable to owners of the parent rose to R3.8 million (2009: R2.8 million) . Furthermore, headline earnings per share increased to 1.8cps (2009: 1.5 cps).



Dividend

No dividend was declared relating to the period under review.



Prospects

Turnover in all divisions of the group is expected to increase in the second half of the year, which together with a continued focus on achieving operational efficiency and tight working capital management should result in increased profitability.



Changes to the board

Ethan Dube has tendered his resignation as a non-executive director of the company. The board is in the process of appointing a new non-executive director.
05 Aug 2010 10:05:46
(Official Notice)
Shareholders are advised that Workforce is currently finalising its results for the six months ended 30 June 2010 and anticipates earnings per share to be between 25% and 35% higher and headline earnings per share to be between 15% and 25% higher than the prior comparative period.
20 May 2010 11:29:57
(Official Notice)
The company advises that Mr. Ethan Dube has, with effect from 19 May 2010, resigned as a non-executive director of the company.
13 May 2010 16:13:14
(Official Notice)
At the annual general meeting of shareholders held on 13 May 2010, the requisite majority of shareholders approved the ordinary and special resolutions as contained in the notice convening the annual general meeting. The special resolution will be submitted to CIPRO for registration as soon as possible.
19 Mar 2010 15:55:47
(C)
Revenue decreased from R1 161 million to R1 043 million in 2009.Gross profit decreased to R247.1 million (2008:R266.0 million) and operating profit decreased to R29.5 million (2008:R37.5 million). Profit attributable to ordinary shareholders decreased to R11.4 million (R11.9 million). Headline earnings on a per share basis increased to 6.40cps (5.80cps).



Dividends per share

No final dividend was declared for the period under review.



Prospects

Prospects for the coming year are considered to be more positive and should reflect the increased optimism in an economic recovery and the group's improved readiness to take more than its share of the business available. It is, however, anticipated that the recovery in the overall economy will be slow.



Annual General Meeting

The company's annual general meeting will be held at 11 Wellington Road, Parktown, Johannesburg on 13 May 2010 at 12:00.
13 Aug 2009 16:04:45
(C)
Revenue declined to R500.2 million (R563.9 million) and operating profit decreased to R11.9 million (R13.6 million). Net attributable profit rose to R2.9 million (R2.1 million). In addition, headline earnings grew to 1.5cps (1cps).



Dividend

No dividend has been declared.



Outlook

Turnover in all divisions of the group is expected to increase in the second half of the year compared to the first half, which together with a lower cost base should result in improved profitability. The group's liquidity is expected to continue to improve which places it in a strong position to take advantage of any change in the economic environment.
12 Aug 2009 13:11:02
(Official Notice)
Mr Rodney Kaplan has resigned as an executive director of the company, such resignation to take effect from 31 August 2009.
11 Aug 2009 17:05:36
(Official Notice)
Shareholders are advised that Workforce is currently finalising its results for the six months ended 30 June 2009 and anticipates that earnings per share and headline earnings per share will be between 35% to 55% higher than the prior comparative period The financial results on which this trading update has been based have not been audited or reviewed by the company's auditors.
13 May 2009 15:14:49
(Official Notice)
At the annual general meeting of shareholders held on 13 May 2009, the requisite majority of shareholders approved the ordinary and special resolutions as contained in the notice convening the annual general meeting, relating to, inter alia:

*The placement of the ordinary shares under the control of the directors in terms of sections 221 and 222 of the Companies Act, 1973 (Act 61 of 1973), as amended.

*Providing the directors with a general authority to issue shares for cash.

*Providing the directors with a general authority to repurchase the company's shares.
31 Mar 2009 12:15:32
(Official Notice)
The company released its condensed audited results for the year ended 31 December 2008 on 27 March 2009. The retained earnings reflected prior year errors of R9.7 million. These errors are made up as follows:

* An R8.7 million reconciliation error was discovered in the trade and other receivables. The adjustment relates to cumulative errors arising in the 2006 financial year and prior periods and therefore has no effect on the current or prior year's profit. Trade and other receivables and retained earnings have accordingly been restated in 2007.

* The directors, after due consideration, have consolidated an employee trust and restated the comparatives. Consequently the shares held in the listed entity by the trust are treated as treasury shares. This has resulted in a reduction of the retained earnings in the amount of R1 million.
27 Mar 2009 11:26:26
(C)
Revenue increased from R968 980 million to R1 161 302 million in 2008.Gross profit rose to R266 046 million (2007:R223 530 million). Profit attributable to ordinary shareholders decreased to R11 949 million (R33 243 million). In addition, headline earnings decreased on a per share basis to 5.8cps (14.6cps).



Dividends per share

No final dividend was declared for the period under review.



Prospects

The group will continue to concentrate on growing all facets of its business and restoring the core staff outsourcing business to its former level of profitability. Efforts will be focused on more efficient and cost-effective operations, as well as on reducing the interest burden to more acceptable levels. No acquisitions are being considered in the year ahead. Having regard to the above commentary, the directors are hopeful that results will improve in the 2009 financial year.
20 Mar 2009 12:57:58
(Official Notice)
Workforce shareholders are advised that in respect of the year ended 31 December 2008, earnings per share and headline earnings per share are expected to be between 55% to 65% lower than the prior year. This reduction is mainly as a result of:

* a substantial increase in interest;

* bad debt provisions due to the current economic circumstances;

* less than satisfactory performances in the Natal and Gauteng regions; as well as

* the partial accrual in respect of the disputed charges relating to rates levied in terms of the Compensation for Occupational Injuries and Diseases Act, No. 130 of 1933, as advised at half year end.

Headline earnings per share were down 80% for the first 6 months of the year. The financial results on which this trading update has been based have not been audited or reviewed by the company's auditors. It is anticipated that Workforce's financial results for the year ended 31 December 2008 will be released on or about 27 March 2009.
26 Nov 2008 16:49:30
(Official Notice)
Mr Alon Taylor has, with immediate effect, resigned as a non-executive director of the company. The board of directors takes this opportunity to thank Alon for his substantial contribution to the company during the past few years and to extend their good wishes to him for the future.
28 Aug 2008 17:25:41
(C)
Revenue for the six months ended 30 June 2008 was 20.3% higher than the same period for the prior year. Organic growth was up 6% with the balance arising from the acquisitions in the second half of 2007. The EBITDA margin also decreased to 2.9% from 4.5% previously.



Prospects

Steps have been taken to address performance in the KwaZulu-Natal and Gauteng regions. Whilst these steps should result in improved trading results during the second half of the year, they are unlikely to be at the same level as the prior year.
22 Aug 2008 16:46:09
(Official Notice)
Workforce shareholders are advised that in respect of the six months ended 30 June 2008, earnings per share and headline earnings per share are expected to be 75% to 85% lower than the prior year. It is anticipated that Workforce`s interim financial results will be released on or about Friday, 29 August 2008.
02 Jul 2008 16:02:39
(Official Notice)
Mr WP van Wyk has been appointed to the board and will fulfil the role of financial director with effect from 25 June 2008. Mr Rodney Kaplan who previously fulfilled this role will remain on the board in an operational capacity.
13 May 2008 15:39:48
(Official Notice)
At the annual general meeting of shareholders held on 6 May 2008, the requisite majority of shareholders approved the ordinary and special resolutions as contained in the notice convening the annual general meeting, relating to, inter alia:

*the placement of the ordinary shares under the control of the directors

*providing the directors with a general authority to issue shares for cash;

*providing the directors with a general authority to repurchase the company's shares.

The special resolutions will be submitted to CIPRO for registration as soon as possible.
12 May 2008 16:29:51
(Official Notice)
Shareholders are advised that Vunani Corporate Finance has been appointed as designated advisor to Workforce.
28 Mar 2008 15:46:53
(Official Notice)
Mr Andrew Christoffel Nissen has resigned as a non-executive director with immediate effect.
19 Mar 2008 12:25:16
(C)
Workforce reported year end results for 31 December 2007 with an increase in earnings before interest, taxation, depreciation and amortisation of 34.2% to R53.3 million from R39.6 million in the prior year. Headline earnings increased by 38.6% to R33.7 million from R24.4 million. Normalised headline earnings per share increased by 25.9% to 14.1 cents from 11.2 cents. An improvement in the EBITDA margin to 5.5% from 4.6%, reflecting improved overall trading margins and economies of scale.



Dividend

The board has resolved to declare the company?s maiden dividend to shareholders, of 4,5 cents per share for the year ended 31 December 2007.



Prospects

Workforce anticipates positive growth for the 2008 year, notwithstanding the negative economic effects of higher interest rates and higher inflation compared to the 2007 year. The staff outsourcing business is a stable and consistent business and should be able to secure higher levels of business flowing from infrastructure-related projects during the year. Recruitment and specialised staffing will be buoyed by the recent acquisitions in those areas and with a specific focus on geographic expansion. The human resources support services cluster is expected to grow at a high rate as the training business expands its client base and the lifestyle products business launches further product offerings. In line with its strategic focus to create a diversified group, the company continues to explore various acquisition opportunities, particularly in areas in which it is currently not well represented.
10 Mar 2008 17:43:14
(Official Notice)
Workforce shareholders are advised that in respect of the year ended 31 December 2007:

*headline earnings are expected to be 35% to 45% higher;

*earnings per share are expected to be 80% to 90% higher; and

*normalised headline earnings per share are expected to be 25% to 35% higher,

than the prior year. It is anticipated that Workforce's financial results will be released on or about Wednesday, 19 March 2008.
14 Feb 2008 17:19:14
(Official Notice)
Further to the cautionary announcements dated 19 November 2007 and 4 January 2008 respectively, Workforce is pleased to announce that it has concluded final written agreements for the acquisition of Telebest Holdings (Pty) Ltd ("Telebest") and its subsidiaries from Recruitment Investment and Management Services Incorporated (Canada)and Jonathan Dawkins.



The total consideration payable for the acquisition is anticipated to amount to approximately R50 million. An amount of R31.3 million is to be paid initially and the balance will be paid at the end of April 2010, dependent on the profits of Telebest for the three years ending 31 December 2009. The initial amount is to be paid from the existing cash resources and debt facilities of Workforce. Subsequent to the release of its year end results Workforce intends to issue shares for cash for a portion of the purchase price in order to maintain an appropriate gearing ratio. The exact portion will only be finalised at that time. The acquisition is subject to terms and warranties usual for a transaction of this nature. Subsequent to the implementation of the acquisition the articles of association of Telebest and its subsidiaries will be amended in conformance with the Listings Requirements. As a result of this announcement, the cautionary announcement is hereby withdrawn.
18-Jul-2019
(X)
Workforce is a holding company. Its subsidiaries provide human capital solutions that include temporary employment services, permanent placement recruitment, training and skills development, contractor on-boarding, healthcare and wellness, disability solutions, financial services, lifestyle benefits and business process outsourcing solutions.


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