Labour services group Workforce Holdings has reported a jump in profits of more than a quarter for its 2022 half year, benefiting from easing Covid-19 restrictions and buoyant demand for upper-level managers.

Revenue rose 21% to R1.9bn to end-June, with after-tax profit rising 28% to R35.49m, with the AltX-listed company reporting there is a “definitive sense of normality returning to Africa”. The group opted to hold onto its dividend due to economic uncertainty, while profits are still about 14% below pre-Covid-19 levels...

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