G4S records modest growth

Kampani
Kampani

The security services market continues to be challenging, according to industry giants G4S Botswana, which for the 12 months ended 31 December 2015 registered a modest revenue growth of 3.8 percent.

In the group’s reviewed annual financial results for the period, managing director Michael Kampani said the revenue growth was achieved despite a tough economic environment.

He said while there was strong growth in cash solutions, manned security and facilities management, there was a decline in electronic systems revenue.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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