Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1974/001804/06)
ISIN: ZAE00000139
Share Code: ADR
("the company")
ADCORP HOLDINGS ACQUIRES 70% OF DIDATA"S TRAINING DIVISION
Thursday, 10 July 2003
Adcorp Holdings has merged two of its training businesses, Stratagem and Adcorp
Leadership School, with Didata"s training division ICMD. Didata will maintain a
30% stake in the new entity.
The new business will be headed by Andrew Warren Smith from Didata who brings
six other ICMD employees with him. It will report to the head of Adcorp"s
training division Neil Lilford and will be situated at the Campus in Bryanston,
Johannesburg.
"Together with Knovation"s other offerings, Adcorp can now claim to have one of
South Africa"s most significant business-to-business training organisations,"
said Mr Lilford.
"There are strong synergies between the training skills of the two
organisations,
allowing both to expand on their offerings of management and leadership training
at all levels to Didata and other clients."
Didata CFO Malcolm Rutherford said "We were pleased to conclude an agreement
which will still allow us to train our staff to the highest standards, while
working with a reputable organisation such as Adcorp.
"We believe that the skills shortage in the country provides it with excellent
growth potential," he said.
ends
Issued by: Simeka TWS Communications
On behalf of: Adcorp Holdings Limited
Contact: Richard Pike, CEO
Telephone: 011 7129000
Cell: 0825559753
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