CSG head says company determined to build more annuity income streams away from contract-based income SERVICES specialist CSG Holdings, sometimes described as "PSG’s Bidvest-in-the-making", will be looking at acquisitions to diversify its operational base.Speaking on Wednesday after the release of half-year results, CSG CEO Pieter Dry said the company was determined to build more annuity income streams to offset its largely contract-based revenue flows.While CSG initially specialised in workforce management, it has branched out in recent years into facility management as well as mining, plant and construction site support services in SA and Africa.Mr Dry said CSG was specifically looking at more opportunities in the security services sector. Earlier this year, the company, which has PSG Private Equity as a shareholder of reference, acquired Hi-tech Security Nelspruit for R52.5m.The interim results to end-September showed CSG’s bottom line earnings marginally up at R43.4m with dilute...
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