CSG Holdings Limited provided earnings guidance for six months ended September 30, 2019. For the six months period, the company’s advised that a reasonable degree of certainty exists that for the six months ended 30 September 2019, headline losses per share will be between 5.00 cents and 5.50 cents, compared to the headline earnings per share of 9.19 cents reported for the prior comparative period, and basic losses per share will be between 5.00 cents and 5.50 cents, compared to the basic earnings per share of 9.26 cents reported for the prior comparative period. The losses incurred were as a result of a combination of the current challenging economic business environment across all three divisions but mainly due to the underperformance of the security companies, 7 Arrows and Revert, which incurred an operating loss of approximately ZAR 46 million. An in-depth review of the operating performance of these businesses during the period revealed that the underperformance of 7 Arrows and Revert was worse than anticipated, accordingly immediate action was taken to rationalize and consolidate these businesses, which included retrenchments across the board. The added retrenchment costs were accounted for during this period. Management is confident that the aggressive turnaround plan will deliver the necessary results.