Storm brews over Shield Security "closure"

Corporate cloak and dagger tactics are said to be behind Shield Security's recent decision to close, with industry sources alleging that the move was meant to sidestep a recent regulatory decision barring the company's acquisition by G4S Botswana.

The Competition Authority, which recently rejected the planned acquisition, has launched a probe into the decision to close, releasing a strongly worded statement on Wednesday questioning why a profitable business should throw 1 300 workers onto the streets. Simultaneously, Security Association of Botswana executives say they are equally puzzled by the development. The association has engaged a leading union to provide expertise on saving jobs at Shield Security.