Saongroup.com owned, PNet.co.za South Africa’s no. 1 online recruitment website, has acquired Jobs.co.za. Saongroup.com is one of the fastest growing online recruitment companies in the world and this strategic acquisition further strengthens saongroup.com’s position in the South African market. The amount of the transaction is undisclosed.
For over fourteen years, Pnet.co.za has built one of South Africa’s largest websites. With over 2,600 clients advertising 25,000 jobs and a database of over 1.4 million job seekers, Pnet.co.za connects employers with the best candidates. Jobs.co.za was launched in 1997 and has since developed a CV database of over half a million job seekers with close to 100 clients advertising over 8,500 live jobs. Jobs.co.za will operate independently from its new parent PNet.co.za and will seek to grow its customer base within the SME market, extending its overall reach within the online recruitment industry in South Africa.
Ciaran McCooey, CEO, saongroup.com commented: “Saongroup.com’s further expansion into the South African market is a significant step for the company. Jobs.co.za already has an extensive footprint across the South African recruitment market and we aim to strengthen this further. This acquisition is a further positive development for saongroup.com and in line with our global expansion strategy. While a subsidiary of Pnet.co.za, our aim for Jobs.co.za is that it will continue independently to develop its business as it has done so successfully to date. ”
In March 2012, saongroup.com announced a major expansion of its business in China with an investment of €25 million. The company now has a presence in 100 cities across the Chinese recruitment market.
A key driver for saongroup.com’s success, irrespective of its location, is its focus on making it possible for companies to find the best possible candidates for their business and making it simpler for career seekers to find their ideal job.