{"id":9062,"date":"2022-06-21T12:23:58","date_gmt":"2022-06-21T12:23:58","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles"},"modified":"2022-06-21T12:50:36","modified_gmt":"2022-06-21T12:50:36","slug":"g4s-to-invest-in-armoured-vehicles","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles","title":{"rendered":"G4S to Invest in Armoured Vehicles"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>As the spate of cash-in-transit heists continues in Botswana, the country\u2019s leading security firm G4S Botswana has decided to safeguard its as- sets with a significant capital investment in new armoured vehicles to add to its existing fleet, G4S Managing Director, Mothusi Molokomme, has said in the company\u2019s annual report for 2021.<\/b><\/p>\n

G4S faced an unprecedented security challenge in late 2021 in the form of attacks on its cash-in-transit vehicles. \u201cThis was reflective of the general security environment wherein crime had significantly increased with most attacks aimed at businesses,\u201d he said. \u201cIn response to this, the industry engaged the government and the police service was deployed to provide escorts to all cash vehicles to mitigate this risk.\u201d Molokomme noted that the increased national security risk, observable from security events reported during the last quarter of 2021, has bolstered the company\u2019s resolve to invest in modern security technology.<\/p>\n

\u201cThis offers an opportunity to design modern security offerings to the market across all service lines,\u201d he said. \u201cWe will continue driving the sale of integrated security solutions to ensure that we remain at the forefront of security capability in Botswana.\u201d Molokomme stated that the deployment of integrated security solutions is expected to yield a long-term improvement in G4S margins and aligns the company to market demands in a post-COVID-19 environment. \u201cThe acquisition of G4S globally by Allied Universal provides an opportunity to tap into new cutting-edge technology, which enables us to deliver improved solutions tailored to our customers, and we plan to introduce these innovative offerings into the local market in the year ahead,\u201d he said. On the economic front, Molokomme noted that the year that ended on 31 December 2021 was very challenging, with rising inflation and consequently the cost of living, leading to a strain on business activity.<\/p>\n

\u201cMany businesses folded under this strain while those that remained open reduced security requirements in some instances while others re-negotiated contractrates impacting our margins,\u201d he stated.\u201cInput costs, particularly fuel costs, rose astronomically resulting in a significant reduction in gross profit. Management implemented austerity measures which resulted, despite these cost pressures, in a marked improvement in profitability.\u201d G4S\u2019s overall revenue for the period under review grew by 2.2 percent from P190.4 million in 2020 to P194.7 million. \u201cThis increase was driven by a significant increase in the revenue of the manned guarding service (P5.5m) because of a focused retail strategy implemented in quarter two,\u201d Molokomme said. \u201cThis was complemented by an increase in the cash service line of BWP2.7m achieved through an increase in scope for some of our existing cash clients and the increased sale of our deposit solution.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. As the spate of cash-in-transit heists continues in Botswana, the country\u2019s leading security firm G4S Botswana has decided to safeguard its as- sets with a significant capital investment in new armoured vehicles to add to its existing fleet, G4S Managing Director, Mothusi Molokomme, has said in the company\u2019s annual report for 2021. […]<\/p>\n","protected":false},"author":84,"featured_media":9061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,5,8,16],"tags":[233,237,234],"class_list":["post-9062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nG4S to Invest in Armoured Vehicles - Botswana<\/title>\n<meta name=\"description\" content=\"As the spate of cash-in-transit heists continues in Botswana, the country\u2019s leading security firm G4S Botswana has de ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G4S to Invest in Armoured Vehicles\" \/>\n<meta property=\"og:description\" content=\"As the spate of cash-in-transit heists continues in Botswana, the country\u2019s leading security firm G4S Botswana has de ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-21T12:23:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-21T12:50:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/06\/postQueueImg_33-62b1be8546b07.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"G4S to Invest in Armoured Vehicles\",\"datePublished\":\"2022-06-21T12:23:58+00:00\",\"dateModified\":\"2022-06-21T12:50:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles\"},\"wordCount\":462,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/06\/postQueueImg_33-62b1be8546b07.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"community\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/g4s-to-invest-in-armoured-vehicles\",\"name\":\"G4S to Invest in Armoured Vehicles - 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