G4S Botswana expects pre-tax losses to increase by 26%

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Sunday Standard

G4S Botswana expects pre-tax losses to increase by 26%

G4S Botswana, a leading security services provider listed on the Botswana Stock Exchange, is facing continued financial losses following the government’s decision to reserve security contracts for mostly private companies.

In 2021, the government passed the Citizens’ Economic Inclusion Act, which restricted G4S’s access to the wider public sector security industry, which was currently limited to businesses that were fully owned by citizens. The policy was also extended to other state-owned enterprises, leading to the termination of long-term contracts with G4S.

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Posts G4S Botswana expects pre-tax losses to increase by 26% First appeared in Sunday Standard And by Cedric Swanka

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