Private Security Industry Regulatory Authority (PSIRA) Business Plan

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The private security industry in South Africa is largely recognised as one of the fastest growing in the private sector, providing a vital crime prevention service, and contributing significantly to new business investment and job creation. However, the unprecedented growth of the industry has not been without its challenges, including: ongoing legislative changes, wage negotiations, and most concerning – an alarming increase in non-compliant industry players. Registration with Private Security Industry Regulatory Authority, PSIRA, is mandatory.

 

In an effort to tackle these challenges, the Security Association of South Africa (SASA) amalgamated with the Security Services Employers Organisation (SSEO) in 2013. The objective of this merger was to create a stronger, larger and more relevant industry body that would continue to benefit not only the security industry as a whole, but also the consumers of security products and services and individuals with a vested interest in professional security services. Today SASA ensures that its industry representatives and businesses are professional institutions that are compliant and abide by those laws that govern the industry. SASA is a world-class professional body delivering exceptional value through the excellence of its members.

The Private Security Industry Regulatory Authority (PSIRA) is the Governing Body and Regulatory Authority for the private security industry. Thus, should you wish to start a Security Company, it is mandatory that you are registered with PSIRA.

 

The advantages of registering with PSIRA are:

  1. You will become a registered Security Services Provider in South Africa: Your Company will be listed at PSIRA as a registered, verified, legitimate Security Company. This will enable you to get security work for which your unregistered competitors will never be eligible.
  2. Grants, Contracts and Tenders: When applying for finance or any type of security work (such as contracts and tenders), you will need to be registered with PSIRA. Thus, many opportunities will open for your Security Company.

 

At DTC we understand the complexities of the various requirements and the unique registration criteria for a PSIRA business plan.

Contact us for more information on a PSIRA business plan.