https://newsletter.en.creamermedia.com
Africa|Business|Financial|SECURITY|Sustainable|Technology|Solutions
Africa|Business|Financial|SECURITY|Sustainable|Technology|Solutions
africa|business|financial|security|sustainable|technology|solutions

G4S to sell its cash business to Izi Africa

13th January 2025

By: Darren Parker

Creamer Media Senior Contributing Editor Online

     

Font size: - +

Integrated security company G4S International Holdings has entered into a definitive agreement to sell G4S Cash Solutions (SA) to Izi Africa, subject to customary regulatory approvals.

Izi Africa is an affiliate of established South African cash-in-transit and cash management company Izi Cash.

Since 1994, G4S has been a major investor in South Africa.

The company said in a January 13 media statement that it would continue to invest in and grow its security business G4S Secure Solutions and its payment technology business Deposita, both in South Africa and across Africa.

Moreover, G4S’s regional headquarters for Africa will continue to be based in South Africa.

G4S said it believes the transaction with Izi Africa will provide a sustainable future for the business and significant benefits for employees, customers and suppliers.

G4S is being advised on the transaction by law firm ENS and financial institution DG Capital.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.058 0.145s - 153pq - 2rq
Subscribe Now