Secureco announces empowerment deal

September 2002 News & Events

Secureco Holdings recently announced the introduction of black economic empowerment company Mvelaphanda Strategic value adding shareholder in the company. Mvelaphanda Strategic Investments has acquired a 26% stake in the company for an undisclosed sum. The company employs in excess of 5000 people.

Secureco is one of the leading security companies in South Africa focusing on guarding, cash in transit, armed response and surveillance technologies. The company was established in 2000 by ABSA Corporate and Merchant Bank and Prime Africa Investment Limited (PAIL), a Singapore-based consortium. This purchase of 26% in Secureco by the empowerment consortium will expand the company's business within the industry, and, at the same time, fulfil the company's commitment to Black Economic Empowerment (BEE) in South Africa.

"We are responding to the need for empowerment in this industry by selecting Mvelaphanda as our partner," said John Main, CEO of Secureco. "We believe Mvelaphanda to be a genuine BEE partner with a spread of shareholding that represents financial stability, substantial critical mass and is well respected as a true empowerment operation. Mvelaphanda is involved in a number of industries including resources, telecommunications, property and transport, all of which require security services."

Hamilton Mangase, the appointed representative from Mvelaphanda, said: "Extensive research into the industry showed Secureco to be a leading security company and a candidate for significant black economic empowerment transaction whereby a commercial return can be generated for all stakeholders."

For more information: John Main, Secureco Holdings, 011 531 4000, [email protected]

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Pentagon appointed as Milestone distributor
Elvey Security Technologies News & Events Surveillance
Milestone Systems appointed Pentagon Distribution (an Elvey Group company within the Hudaco Group of Companies) as a distributor. XProtect’s open architecture means no lock-in and the ability to customise the connected video solution that will accomplish the job.

SMART Estate Security returns to KZN
Nemtek Electric Fencing Products Technews Publishing Axis Communications SA OneSpace Editor's Choice News & Events Integrated Solutions IoT & Automation
The second SMART Estate Security Conference of 2024 was held in May in KwaZulu-Natal at the Mount Edgecombe Estate Conference Centre, which is located on the Estate’s pristine golf course.

From the editor's desk: Just gooi a cable
Technews Publishing News & Events
      Welcome to the 2024 edition of the SMART Estate Security Handbook. We focus on a host of topics, and this year’s issue also has a larger-than-normal Product Showcase section. Perhaps the vendors are ...

Secutel wins OSPA Award for Outstanding New Security Product
Secutel Technologies News & Events Access Control & Identity Management
[Sponsored] Secutel Technologies’ NoKey Access Control solution won the Outstanding New Security Product category at the 2024 OSPAs in South Africa. The awards were presented at Securex 2024 where all category finalists were recognised for their contribution to the security industry.

ONVIF launches new working groups for cloud, metadata and audio
News & Events Surveillance
ONVIF, the global standardisation initiative for IP-based physical security products, is announcing the formation of three new working groups to tackle standardisation work in cloud connectivity, audio, and advanced metadata.

Inaugural Gallagher Security Johannesburg networking roadshow
Gallagher News & Events
Held at Johannesburg’s Foghound Coffee Company in Midrand from 11 to 12 June, security industry professionals gather at the inaugural Gallagher Security Johannesburg Networking Roadshow.

Trend Micro launches first security solutions for consumer AI PCs
Information Security News & Events
Trend Micro unveiled its first consumer security solutions tailored to safeguard against emerging threats in the era of AI PCs. Trend will bring these advanced capabilities to consumers in late 2024.

Dallmeier receives ISO 27001 certification
Dallmeier Electronic Southern Africa Surveillance News & Events
Dallmeier has received ISO 27001 certification for its Information Security Management System (ISMS). The international standard for information security management ensures that companies meet the highest standards of data protection and data security.

Local manufacturing is still on the rise
Hissco Editor's Choice News & Events Security Services & Risk Management
HISSCO International, Africa's largest manufacturer of security X-ray products, has recently secured a multi-continental contract to supply over 55 baggage X-ray screening systems in 10 countries.

SAIDSA achieves ISO 9001 certification
SAIDSA(SA Intruder Detection Services Association) Associations News & Events Training & Education
The South African Intruder Detection Services Association (SAIDSA) has announced that it has achieved ISO 9001:2015 certification. This milestone reflects its commitment to quality management and excellence in the security services industry.