Wednesday, October 21, 2020

Magapa takes over G4S top seat

The Botswana Stock Exchange-listed security solutions outfit G4S Botswana Limited has appointed Mokgethi Magapa the Managing Director (MD).

Magapa’s appointment to the G4S top post was subsequent to the departure of the former MD, Michael Kampani, who quit his job after almost eight years of service. 

Kampani served his first three and half years at G4S Botswana as Finance Director before replacing Moraki Mokgosana as the Managing Director some four years back. 

Magapa has over 20 years working experience with strong executive leadership, governance, business knowledge and financial acumen mainly acquired through training and experience.  

His experience spans different industries such as marketing, quality assurance, telecommunications, manufacturing, retail, logistics and international trade.

He was previously DHL Express International Country Managing Director (Botswana) where he has been for the past almost four years and drove its profitability through re-positioning it as a customer-centric organisation.  

He joins the security outfit G4S after the leadership of Kampani achieved a remarkable turnaround in 2014 revenue growth of 6 percent from 0.7 in 2013 and reduction in overhead costs of 25 percent.  It also sustained growth in revenue and profitability in 2015.

Other notable achievements during Kampani’s tenure entail the company’s claim of the G4S Africa Cash Solutions Business Unit of the year award for 2014. The company also completed the integration of the cleaning business (G4S Facilities Management), resolving licensing and trading issues and turning the business from loss making to profitability. 

At the capital markets, a look at the G4S share price performance at BSE shows that the company had steady gains in share price. It is currently trading of P4.06 which is its highest in three years.

Meanwhile, G4S Botswana also announced that the company’s results for the year ended December 31, 2016 are expected to be materially lower than those reported for the same period the previous year. This is mainly due to modulated consumer spending in the wake of a challenging economic environment.

“Shareholders are advised to exercise caution when dealing in the company’s securities until such time that a detailed announcement is made. Detailed results for the year ended December 31, 2016 are expected to be released on or about April 30, 2017,”reads the statement.

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