SBV Group CEO says the company is working with authorities to investigate the incident.
Carl Du Plessis, 15, was at the Engen Garage in Macassar when he was shot dead on Monday, allegedly by an SBV security guard.
Police have confirmed a 34-year old man has been arrested and charged with murder.
Security service provider SBV has expressed shock following the fatal shooting of a 15-year-old boy in Macassar, Cape Town, confirming one of its security guards was involved in the shooting.
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SBV Group CEO Mark Barret said: We are deeply saddened to hear that a young person has tragically lost his life. As a company we wish to extend our sincere condolences to his family and to his loved ones. Our employee is currently in police custody. While we are not able to release any further information at this point in time, we are working with the authorities to investigate the incident.