British international security services provider G4S has been in business since 2004 and offers services in more than 90 nations. Over the years, the business has been embroiled in a number of disputes, including claims of billing fraud, human rights breaches, and insufficient security staff training. The corporation underwent a considerable restructure as a result of G4S’s serious financial issues in recent years.
G4S reported a pre-tax loss of £91 million in 2019 as a result of a number of reasons, including escalating expenses and declining income. The company’s stock price suffered as well, falling by over 50% in total in 2019. As a result, G4S unveiled a significant reorganization plan in November of the same year that focused on increasing efficiency and cutting expenses while also selling off a number of its operations.
The segment of G4S that offers secure transportation and storage of cash and other valuables, known as cash solutions, was one of the companies that was sold as part of the company’s restructuring strategy. In February 2020, the division was sold to the American security company Brinks for £727 million. Additionally, G4S disclosed plans to sell its Israeli company as well as its U.S. adolescent detention facilities.
In addition to these divestitures, G4S has been concentrating on enhancing its financial performance through cost-cutting and efficiency-improving measures. In order to accomplish these objectives, the corporation has put in place a number of strategies, such as lowering manpower and combining activities.
Even though G4S has experienced severe financial difficulties lately, the company is still a prominent participant in the global security services market, with a strong presence in numerous nations across the world. The compensation for Level 3 security guards varies depending on the company and location.
The typical monthly pay for Eskom security is between R14,000 and R20,000. Depending on the security personnel’s level of training and experience, this can change.
For example, ADT provides home security systems and monitoring, among other security services. Customers often pay a monthly price for these services, which may change depending on the necessary level of security and monitoring.
Last but not least, Tiso Blackstar Group, a South African media firm that also engages in the healthcare, gaming, and real estate industries, is the owner of ADT South Africa.
The piece “What Became of G4S”?” does not provide information on the cost of hiring a bodyguard in South Africa. However, the cost of hiring a bodyguard in South Africa can vary depending on various factors such as level of experience, duration of service, and location. It is recommended that you contact a reputable security company in South Africa to get a quote for hiring a bodyguard.
Unfortunately, the article “What Happened to G4S?”