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Stock Exchange over the next four years to raise capital to support its regional expansion drive.
Managing director Ms Divine Ndhlukula told the Herald Business after a stakeholders’ breakfast meeting in Harare yesterday that Botswana and Zambia were also on the company’s radar.
But Ms Ndhlukula, the controlling shareholder in the security services firm, said Securico would first conclude the investment in Malawi before moving elsewhere.
Ms Ndhlukula said Securico was still evaluating the investment and would make a decision in the next six months.
“Our regional expansion is motivated by the fact that Zimbabwe is not a big enough market for a company that wants to operate on a global level.
“So we really need to branch out into the region and that has always been our vision from the start. But, more importantly, the market has to expand,” said Ms Ndhlukula.
She also said it was well within the firm’s plans to go public, but a difficult macro-economic environment had hitherto delayed plans for the ZSE listing.
The renowned entrepreneur and one of the most successful businesswomen in Zimbabwe had planned to list on ZSE within 10 years after the birth of Securico, but turbulent economic conditions affected the plans.
“We are hoping that we will go that route at some stage, once we are at the level where we feel we need to go out and have more shareholders. Right now we want to grow and consolidate.
“We are also looking at all these projects of going into the region and once we have consolidated . . . I think after four years (we should list on ZSE),” she said.
Securico will, however, have more shareholders before going public through a management share ownership scheme that the company plans to introduce.
Securico also owns Multi-Link (Pvt) Limited, a high-tech electronic security systems provider with 16 years experience in the industry acquired in October 2008, creating a one-stop shop providing a full spectrum of all security services solutions including the latest cutting edge electronic security products.
The security services company has grown phenomenally since its formation 14 years ago to become one of the leading employers in the country employing about 3 600 people, 900 of them women.
It has revolutionalised service quality in the industry and reshaped perceptions about the industry as low paying and a haven for desperate job seekers.
But Ms Ndhlukula fears the sector risks reversing the progress achieved over the years as some players were cutting rates to woo customers, which may compromise remuneration and the high service quality.
leeroy
Online Reporter