SECURICO managing director Divine Ndhlukula has described 2012 as a difficult year due to the ongoing liquidity crunch that has resulted in the company’s clients defaulting in payments or terminating contracts.
She, however, remained optimistic that 2013 will be a better year.
In an interview with NewsDay yesterday, Ndhlukula said the company had not been spared the economy-wide challenges.
“The year 2012 has not been very good for us in the services sector.
“A lot of our clients are struggling to pay us because of the liquidity crisis. You will find that our debt book is growing,” she said.
“Clients are failing to pay us, not that they do not want to pay, but because they cannot afford to pay us and of course, they start scaling down operations.
“Nonetheless we are optimistic.”
She said 2011 was better in terms of returns than the current financial year.
“We are expecting to do more business next year and to grow internally and externally,” she said.
Ndhlukula said the security company had interests in the Sadc region and would be entering Malawi and Zambia soon.
“We are seeking funding in the region for capital projects that can help us,” she said.
“We have hardly borrowed as we have been financing the business with internal funds.”
The businesswoman was recently named the winner in the individual category of the 2012 National Annual Quality Awards.
Ndhlukula has been featured in a number of influential business magazines in the world, including Time, Economist, and Forbes magazines.
The security company, which began operations 14 years ago, has 3 600 employees.
The group offers security services and alarm installations.