G4S Botswana has announced the resignation of Managing Director Mothusi Molokomme, effective from April 30th 2025. He will serve a 3-month notice period and will exit on July 30th. Molokomme also resigned in February 2025 but later rescinded his resignation.
He was appointed Managing Director of G4S Botswana on March 1st 2021.
"The Board is confident that with current changes and appointments of new members to the Board and the continuation of its Managing Director, that the Group is set to achieve its strategic intent of returning to profitability within the short to medium term," G4S Botswana had said after Molokomme U-turned his resignation.
This time, according to the board, Molokomme is leaving to pursue other interests. In November, the company's Finance Director, Boitumelo Molefe, also resigned. She was replaced by Tobile Lemo in March.
In its most recent results, H1 2025, G4S Botswana has posted a P3.2 million pre-tax profit for the half-year ended 30 June 2025, a turnaround from a P8.2 million loss in the same period last year. But despite the improved numbers, the security company continues to grapple with operational challenges, mounting customer losses, and a declining share price.
Revenue inched up 1.6% to P117.6 million, buoyed by a 7.2% increase in manned security services, which rose to P58.7 million. However, the Electronic Security Solutions (ESS) unit fell 5.9%, dragged down by terminated residential accounts due to non-payment in a struggling economy. The cash services segment remained flat at P32 million.
Although gross profit jumped 40% thanks to margin improvements and cost savings, warning signs remain. The company acknowledged that ESS underperformance, lingering bad debts, and customer attrition remain key risks. Net impairments on financial assets stood at P3.5 million, down from P6.7 million last year, following the write-off of old alarm debt.
Adding to the woes, G4S revealed that its share price dropped to P0.91 on 18 September 2025, pushing its market capitalisation down to P72.8 million, about 13.5% below its book value. Directors warned that if the decline persists, it could trigger an asset impairment at year-end.