G4S kicks off its five-year strategy

BG reporter
Tuesday, 11 June 2019
 G4S MD, Mokgethi Magapa. G4S MD, Mokgethi Magapa.

G4S Botswana, arguably the country’s biggest integrated security solutions business, this week disclosed it will be accelerating consolidation with top-line organic growth in 2019 and beyond. This plan was stated in the company’s latest annual report, which was publicised earlier in the week.

“Our 5 -year strategy (2019 -2023) seeks to grow the business at around 6 percent. This will be driven by new technology solutions in the systems’ space, expansion to new geographical areas in cash alarm monitoring and response business as well as new products in cash solutions,” wrote Managing Director, Mokgethi Magapa. G4S Botswana, which is subsidiary of the London listed security group G4S plc, has stated it is ready to deploy fully integrated risk and security solutions customers encompassing all its business line offerings. “This will assist on customer retention and solidifying the already existing relationships thereby bolstering business growth,” said Magapa. 

As a market leader, G4S continues to face tough competition, especially in the manned security where entry is without much difficulty. Nonetheless, the Botswana Stock Exchange listed firm said its strong position in the market and technological expertise provides reassurance to stakeholders. The company, which also provides facility management and cleaning services, has launched a five -year strategy which started in 2019. Among some of its strategic plans is to grow Profit beforeTax by 9 percent, while revenue is expected to grow by 6 percent.

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