3 NEW PRIVATE SECURITY CHANGES FOR SA President Cyril Ramaphosa signed the Pr…
3 NEW PRIVATE SECURITY CHANGES FOR SA President Cyril Ramaphosa signed the Private Security Industry Regulation Amendment Act in October…
3 NEW PRIVATE SECURITY CHANGES FOR SA
President Cyril Ramaphosa signed the Private Security Industry Regulation Amendment Act in October 2021, introducing stricter regulations around South Africa’s private
security sector.While the law is yet to officially come into effect, the Congress of South African Trade Unions (Cosatu) has welcomed the new legislation, which it says will improve the conditions and protections of security sector employees.
While the industry has broadly welcomed these parts of the Act, some groups have warned that the regulations are overreaching and could ultimately cause damage to the industry.
The legislation has been a source of controversy for several years, facing backlash from opposition parties and parts of the security sector. One of the key sticking points is that the Act introduces a 51% South African ownership requirement.
Read more here; https://businesstech.co.za/news/government/534404/3-new-private-security-changes-for-south-africa/
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