Adcorp to buy Australian IT company

JOHANNESBURG Wed Dec 12, 2012 5:42am EST

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JOHANNESBURG Dec 12 (Reuters) - South African employment agency Adorp said on Wednesday it had bought Australian IT provider Paxus from Computer Sciences Corporation for almost 545 million rand ($63 million) in cash.

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


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.