- Resigns from G4S for the second time in just over a year
- Says he stayed an extra year to help resolve key issues
- Says G4S grew revenue every year under his leadership despite citizen empowerment pressures
- Says it is the right time for new leadership to take over
GILBERT MANENYE
Staff Writer
G4S Botswana Managing Director Mothusi Molokomme has resigned for the second time in just over a year, departing ahead of the company’s delayed 2025 full-year results and leaving behind a business that has posted losses in three of the past four financial years.
Molokomme, who joined G4S Botswana from Distell Botswana in March 2021, stepped down on April 30, 2026, and will serve a three-month notice period ending July 30, 2026.
The resignation marks Molokomme’s second attempt to leave the company in 13 months. He first submitted his resignation in February 2025 before withdrawing it and agreeing to remain in the role at the board’s request.
Molokomme told The Business Weekly & Review that his latest decision to leave “is final as was comprehensively discussed internally with the Board, with a number of the initiatives we were driving now at fruition.”
Asked about the timing of his departure, which comes ahead of the company’s delayed 2025 full-year results, Molokomme said the overlap was coincidental.
“The plan was to depart at the end of April 2026,” he said. “Ordinarily it would have come up at the completion of the FY2025 external audit and issuance of results — which unfortunately have been delayed, for reasons I cannot disclose as we are in a closed period.”
Like the pending results for the year ended Dec. 31, 2025, G4S Botswana’s 2024 annual results were also released after the deadline because of delays in the external audit process.
At the half-year stage to June 2025, the company reported a profit before tax of P3.2 million, reversing a loss of P8.2 million in the comparable prior period, while group revenue rose to P117.6 million.
However, the most recent audited results for the year ended Dec. 31, 2024, showed a group loss before taxation of P16 million, compared with losses of P12.3 million in 2023 and P6.1 million in 2022.
The company was profitable in 2021, Molokomme’s first year at the helm, posting a profit before tax of P24 million.
Revenue, however, has grown steadily over the period, increasing from P190 million in 2020 to P231 million in 2024.
“While the media often focuses on the profitability metric (with good reason), there are other important metrics one can also point to. For the past four years this company has grown its top line year on year even against the backdrop of citizen economic empowerment. That points to business sustenance and resilience,” Molokomme said.
Independent auditors Deloitte flagged weaknesses in G4S Botswana’s internal control environment in the 2024 audit report, citing failures in reconciliations, data management, IT systems and financial oversight. Deloitte warned the deficiencies increased the risk of errors and fraud.
Molokomme said the audit findings “had no bearing in my decision to ultimately step down,” but added that “now would be a good time for someone else to step in and take over the reins.”
He said he extended his tenure by a year specifically to help address the issues raised. Since assuming the role of managing director, he said he had given himself no more than four years at the company. While he has tendered his resignation, he revealed last year that the company had asked him to extend his tenure by a year to tie up some loose ends. His departure follows a broader period of leadership changes at senior level.
Finance Director Boitumelo Molefe resigned in November 2025 after less than two years in the role. The company appointed Tobile Lemo, previously financial controller within the organisation, as Molefe’s replacement effective March 11, 2026.
Non-executive director Michael Groebblar, who joined the board in March 2025, also resigned from G4S Africa and the G4S Botswana board effective March 31, 2026.
Asked whether internal disagreements at board or management level contributed to his decision to leave, Molokomme said there were none.
“Turnover at senior management level has historically been high at the company, particularly with our employees being poached by companies in other sectors. This dates back eight to 10 years,” he said.
“Part of the reasons would point to where the security sector sits in relation to remuneration compared to other sectors such as financial services and FMCG. The Board is and has been addressing this issue with some targeted initiatives as ultimately it adversely affects the performance of the company,” he added.
G4S Botswana’s share price has declined sharply over the past year. The stock closed at 91 thebe on May 6, 2026, down from P2.45 in March 2025, representing a decline of about 63 percent.
