Private Security has become a lucrative business in South Africa due to the high crime rate which has led to a demand for more security. Unemployment has also played a large role in the surge of private security firms. The private security industry in South Africa provides monitoring, guarding, armed response, escorting, investigation and other security-related services to private individuals and companies across the country. The primary objective of the Private Security Industry Regulatory Authority (PSiRA) is to regulate the private security sector and to exercise efficient control over the practice of the occupation of security service provider in the public and national interest, and in the interest of the private security industry itself. Let Dream Team Capital develop a comprehensive PSiRA Business Plan for your private security business.
Private Security in South Africa is a growing sector, positioning it as one of the biggest in the world. Our sector currently has over 9 000 registered companies, an estimated 1.5 million qualified guards, and approximately 450 000 registered active private security guards. Many of these individuals also make up the South African police and army combined.
The Private Security Industry Regulatory Authority (PSiRA) established in 2002 in terms of Section 2 of the Private Security Industry Regulation Act (Act No 56 of 2001). The strategic mandate of PSiRA originates from the Act and the regulations issued in terms of the Act. The vision of the Authority includes South Africans having the confidence in the legitimacy, occupational practices and transformation of the Private Security Industry. Their mission includes the effective regulation of the Private Security Industry to enable professional and respected security service providers.
Let DTC develop your Private Security Industry Regulatory Authority (PSiRA) Business Plan today. We have extensive knowledge and experience with developing comprehensive and detailed business plans for numerous industries.
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