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The Patriot on Sunday

The Patriot on Sunday

A Sunday broadsheet newspaper that focuses on business and politics. It started publishing on Sunday

The Patriot on Sunday

1 day ago

The Patriot on Sunday
MIKE MOTHIBI AT HIS FINAL RESTING PLACEMultitudes of people attended Veteran journalist Mike Mothibi's funeral in Kanye this morning, with speakers proclaiming the good hard working man he was.He leaves behind three children, one boy and two girls and six siblings - four brothers and two sisters. ... See MoreSee Less

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The Patriot on Sunday

1 day ago

The Patriot on Sunday
Who will be on the Court of Appeal bench to hear & determine IEC appeal against UDC? *ADAM PHETLHE It is generally agreed that the case between Umbrella for Democratic Change (UDC) and the Independent Electoral Commission (IEC) is that of exceptional public importance. As a consequence, the case has so far generated a lot of public interest in terms of looking at all its optics. I predict exceptional public interest will continue way beyond the conclusion of the case. So who amongst the present Justices of Appeal will make the cut? It is difficult to say with a measure of certainty who will make the cut but to predict. Depending on the number of Justices required for this expedited appeal, I predict the following to make the cut. Justices Tebogo Tau, Isaac Lesetedi, Mercy Garekwe, Lackvinder Singh & Leatile Dambe. Former South Africa Constititional Court Justice Bess Nkabinde could also make the cut. All the above local Justices have sat on the bench in high profile cases notably last year's DIS appeal with respect to the search warrant for State House 4, the 'contested' official residence of former President Khama. In this case where there were 5 Justices, Justices Tau, Lesetedi & Singh ruled against the DIS while Justices Garekwe & Dambe dissented. It is my belief that Justices decide matters based on what evidence/facts are before them. That some ruled this or the other way in previous cases is, for lack of a better word, inconsequential. The Chief Justice has sat on some appeal cases I have had sight of. I think he will be disqualified in this one because he is party to an application on another leg of the UDC/IEC case. It will be interesting to see if Justice Tau will make the cut owing to a comment she made when delivering judgement on Wednesday with respect to IEC's request to have its appeal expedited. That comment (and I am paraphrasing) had to do with the intrusive nature UDC’s observers would cause if allowed to observe & monitor voter registration exercise. I believe this comment has already rendered her conflicted to sit in the upcoming appeal proceedings. Time will tell as to who will be on the bench when the appeal proceedings begin on Monday 11 December 2023. Or, will it be new faces? ... See MoreSee Less

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The Patriot on Sunday

2 days ago

The Patriot on Sunday
#Available IN STORES #grabyourcopy #frontpagethisweek Main Headline: KHAMA OR BOKO?♦️ BPF prefers Khama as UDC chief campaigner FOR A DETAILED REPORT GRAB A COPY OF THE PATRIOT ON SUNDAY NEWSPAPER IN STORES OR FOR SUBSCRIPTION VISIT: www.thepatriot.co.bw ... See MoreSee Less

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The Patriot on Sunday was live.

2 days ago

The Patriot on Sunday
5TH KUSI IDEAS FESTIVAL UNDERWAY AT ROYAL ARIA IN TLOKWENG.#ikanyerona#mindsetchange#kgasoyapopota ... See MoreSee Less

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The Patriot on Sunday

3 days ago

The Patriot on Sunday
Good bye MikeMesh Moeti bids his friend Mike Mothibi farewell. ... See MoreSee Less

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Home Business

G4S revenue down

patriot by patriot
November 9, 2020
in Business
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G4S’ Group revenue went down 7 percent year-on-year, owing to slow economic growth attributable to COVID-19.

“While the COVID-19 pandemic has also had an impact on cash flow, the impact has not been significant. The implementation of the Trade Act effective 1 June 2020 as well as growing market sentiment that impose citizen ownership on the industry hinders the business to grow particularly in the manned guarding and cleaning management space. Note is made that the business received approximately BWP 9m in government assistance in the form of a wage subsidy as part of the national response to the COVID-19 pandemic. The company continues to focus on the implementation of integrated security solutions in order to drive margins and reduce costs,” said the company in a statement presenting the half year financial results for period ending June 30, 2020.

Chairperson of the board Gaone Machola and Managing Director Mokgethi Magapa said in their statement that they have adopted an approach of growing the business by increasing volumes and expanding service offering to the market as a whole, rather than increasing prices during these difficult times.

“The Board looks forward to reinvigorate our alarms business during the second half of the year through strategic partnerships with corporates and through the implementation of an agency model. We have also made significant strides in respect of the integration of our Deposita machines with various banking partners, allowing us to roll out services to customers across the country. Dividend Proposal Taking into consideration the impact of the COVID-19 pandemic and the business and financial uncertainty that it has wrought during the first half of the year, the Board has taken the decision not to declare an interim dividend,” they said.  

Despite having liquid resources of P94 million as at 30 August 2020 based on the latest available management accounts, the company leadership took consideration of the unprecedented uncertainty in respect of the global economy to delay dividend declaration.

Going forward the group will focus on growing revenue in second half of the year as well as recovering long outstanding debts to bolster cash reserves. “Revenue growth of 15% is expected for MSS year on year, 2% for Cash Services, and a reduction in revenue for ESS and FMS service lines. The group’s strategic initiative will remain the acceleration of integrated security solution deployments with a long-term view of risk partnering with our customers on all fronts,” said the directors.

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  • Towards a Brighter Tomorrow: India’s G20 Presidency and the Dawn of a New MultilateralismNovember 30, 2023
    Prime Minister of India Narendra Modi Today marks 365 days since India assumed the G20 Presidency. It is a moment to reflect, recommit, and rejuvenate the spirit of ‘Vasudhaiva Kutumbakam, ‘One Earth, One Family, One Future.’ As we undertook… Read more: Towards a Brighter Tomorrow: India’s G20 Presidency and the Dawn of a New Multilateralism
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