CSG Holdings: Not another Bidvest, but still promising
Has CSG been the victim of a moribund domestic economy or strategic own goals – or a combination of the two?
The mission of CSG Holdings is, according to CEO Pieter Dry, to grow outside its former staffing solutions core into service delivery businesses that are more technology driven and have a higher barrier to entry.
Recent years have indeed shown that the CSG has successfully transitioned. The group now has three divisions: facilities management (35% of revenue and 37% of operating profit), security and risk solutions (20%-23%) and staffing solutions (45%-40%).