Allied Universal has announced the sale of its South African Cash Solutions division to IZi Africa Properties Ltd. The business was operated under the G4S brand and provided cash transportation and security services. With the sale, Allied Universal aims to streamline its international operations and focus more strongly on high-growth core segments. The transaction will also improve earnings and generate additional free cash flow. The company emphasises that the move will ultimately benefit the safety and well-being of its employees. ‘This strategic decision allows us to focus our resources on our core business and sustainable growth,’ said Steve Jones, Global Chairman and CEO. The transfer to IZi Africa Properties is expected to benefit both sides, while customers and teams will continue to receive reliable service. Allied Universal is thus underlining its commitment to remaining the market leader in security solutions while strengthening its financial base for future expansion.
Mobile phone usage at Oktoberfest remains at record levels
Over ten percent more data traffic than in the same period last year Virtually no dropped calls French visitors jump to third place in guest rankings The weather during the first week of Oktoberfest was cold and rainy. That didn't hurt cell phone usage. Compared to...
