Latest news with #R23bn
Zawya
25-04-2025
- Business
- Zawya
Securex South Africa 2025: Making retail security smarter, safer, and more efficient
The financial impact of crime on South Africa's retail sector is immense. A 2023 report by the South African Retail Risk Intelligence (SARRI) group reveals that retailers lose approximately R23bn ($1.5bn) each year because of crime and various types of shrinkage. These losses stem from shoplifting, organised crime, employee theft, and other forms of fraud. Retailers encounter a variety of security threats daily, each presenting distinct risks to their operations, customer experience, and brand reputation: - Shoplifting and theft. - Vandalism and property damage. - Internal theft: According to a study by Embroker, 75% of employees admit to stealing at least once from their employer. Another study by SmallBizGenius states that organisations around the world lose approximately 5% of their revenue to employee fraud and occupational abuse each year. - Anti-social behaviour, such as loitering. To effectively manage these challenges, it is crucial for retail business owners and managers to both identify potential threats and put in place proactive strategies to mitigate them. Securex South Africa is the continent's leading security expo, providing retail store managers and business owners with access to the latest technologies, expert advice, and live demonstrations from top security solution providers. 'Whether you're looking to invest in advanced surveillance systems, AI-driven analytics, access control, or integrated security platforms, Securex – held at Gallagher Convention Centre from 3 to 5 June – is the ultimate destination to compare solutions side by side and speak directly with industry professionals,' says Mark Anderson, portfolio director at Specialised Exhibitions, a division of Montgomery Group. Retailers rely on a wide range of physical security devices – such as alarms, smoke detectors, door locks, and surveillance cameras – often spread across multiple locations. These devices require constant monitoring because of firmware updates, password changes, and potential misconfigurations, much of which still relies on manual effort, making the process overwhelming. These devices also generate massive amounts of data that cannot be processed manually. Without centralised systems to analyse and correlate this data, key insights can be missed, and false alarms become common. 'High-quality smart cameras are now essential, not just for security, but also for improving operational efficiency and assisting with employee and customer safety. When integrated with other security devices, AI-powered video analytics can detect hazards like spills, validate insurance claims, and identify fraudulent behaviour at checkouts – such as barcode tampering or 'sweethearting'. This helps reduce theft, protect staff, and boost productivity, allowing retailers to focus on multi-channel growth,' says Anderson. He adds that retail access points – whether for customers, staff, or suppliers – must be restricted to authorised individuals. Modern access control systems use advanced locks, biometrics, smart cards, or mobile credentials. Cloud-based solutions offer real-time monitoring, emergency evacuation tracking, and even calendar-based access scheduling. 'All these solutions can be found at Securex South Africa. The exhibitors will provide live demonstrations of the technology and services they offer to help reduce the impact of security threats in the retail and other sectors. By attending Securex South Africa, you'll gain valuable insights to help you make more informed decisions, stay ahead of evolving threats, and implement cost-effective strategies to mitigate risk. It's where smart security meets smart retail,' Anderson points out. Securex South Africa is co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo, Securex South Africa. This means that visitors have access to the entire spectrum of security, occupational safety & health, facilities management, and fire protection solutions needed in a retail environment. Visitors also benefit from other expo events: - Free-to-attend Securex Seminar Theatre, in partnership with SMART Security Solutions. - SAIDSA Techman competition. - K9 demonstrations. - Drone demonstration area. - OSPA awards. - Four free-to-attend seminar theatres at the co-located expos. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
IOL News
23-04-2025
- Business
- IOL News
Public Investment Corporation accepts Zahid Group's R23bn bid for Barloworld, with conditions
A 550 kVA Cat C15 diesel generator set being assembled at Barloworld Power's Boksburg facility. The government-owned Public Investment Corporation has agreed to the Saudi Arabia-based Zahid Group's takeover offer of R120 per share, on condition a BEE scheme is implemented at the group. Image: Supplied The Public Investment Corporation (PIC) has accepted Saudi Arabia-based Zahid Group's $1.3 billion (R23bn) bid for Barloworld Group, but has set conditions to address its public interest concerns around the deal. The Zahid Group has proposed a R120 per share offer, which was a 30% premium on the share price at the time of the offer, but shareholders initially voted against the bid amid claims of governance irregularity, due to the participation of its CEO Dominic Sewela as part of the takeover consortium and claims of lack of transparency in the transaction, and despite the group's assertion that there were now governance breaches. However, in terms of the standby offer made in February, engagements took place between the PIC, and the PIC undertook to accept the standby offer of the R23bn acquisition of Barloworld, a statement said Wednesday. The PIC, the State-owned asset manager that manages primarily the Government Employee Pension Fund, owns 41.59 million shares in Barloworld, representing about 21.93% of the shares in issue. This means that shareholders holding 46.93% of Barloworld's shares have now undertaken to accept the standby offer. To address the PIC's broader public interest considerations regarding the offer, the bidding company said it would implement a 13.5% broad-based black economic empowerment transaction in Barloworld, after the delisting of Barloworld from the JSE and A2X. The commitment to implement the BEE transaction will only apply if the bidding company's squeeze-out right under section 124 of the Companies Act becomes capable of being exercised. This right allows a majority shareholder holding more than 90% of the shares, to compulsorily acquire the remaining shares from minorities. The bidding company will also offer the implementation of the BEE transaction to the competition authorities as a merger condition, failing which PIC's irrevocable undertaking may be terminated. The Independent Board established to oversee the transaction wrote in February: 'that management-led buyouts are not unusual in capital markets. Whilst recognising that such transactions do present an opportunity for conflict of interest in relation to the management members involved, the Independent Board also recognises that if properly managed, they could result in positive outcomes for shareholders of the company.' In the 5 months to end February, Barloworld's equipment Southern Africa operations saw its revenue decline 9% to R8.8bn, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell 6% to R949m. The declines were ascribed to a slow recovery in the mining sector and the impact of civil unrest in Mozambique. In the group's Russia business, revenue fell 25.3% to $60.3m, while EBITDA fell 83% to $2.3m due to lower activity levels and curtailed inventory supply. Barloworld's share price surged 3.5% on the JSE on Wednesday morning, at a time when the JSE All Share Index was up by only 0.9%, following the announcement of the PIC's plan to accept the R120 per share offer for its Barloworld shares. BUSINESS REPORT
