IZI Africa (Pty) Ltd, a sister company within the IZI Group, is pleased to announce the successful completion of its acquisition of G4S Cash Solutions (SA) (Pty) Ltd, following the receipt of all necessary regulatory approvals.
This landmark transaction marks a significant consolidation in the South African cash handling industry and signals a new era of strength, resilience, and innovation in the local cash solutions market.
The acquisition brings together two well-established operators with solid expertise in secure cash logistics, cash centre operations, and financial technology integration. The combined scale, infrastructure, and talent pool will enable the IZI Group to offer a broader range of secure, cost-effective, and future-forward cash solutions with an expanded footprint across South Africa.
Albert Erasmus, Group CEO of IZI Group, says: “This is a pivotal moment for the South African cash industry. As a proud local operator, we are committed to building sustainable, inclusive value for all stakeholders – our customers, employees and the broader economy. This transaction strengthens our ability to deliver trusted cash management services and to support the critical role that cash continues to play in South Africa’s payment ecosystem.”
The transition has been structured to ensure continuity for all customers, staff, and suppliers. Operations across all regions remain uninterrupted, with a strong emphasis on stability and long-term growth.
The IZI Group remains committed to job preservation, skills development, and inclusive growth –values that are central to its identity as a South African-owned group with national reach and global ambition.
SUPPLIED.
