DA does not support Private Security Industry Regulation Amendment Bill
13 October 2021
Note to Editors: Please find attached English and Afrikaans soundbites by Okkie Terblanche MP.
The DA notes that President Cyril Ramaphosa has signed into power the controversial Private Security Industry Regulation Amendment Bill, which restricts foreign ownership of private security companies and also seeks to regulate the private security industry in an effort to control it.
The DA, as well as industry experts and foreign embassies, have vehemently opposed this Bill since it was first introduced in 2012. The DA believes this Bill will have serious implications on foreign direct investment and employment in an industry that employs hundreds of thousands of people.
South Africa’s economy is already in tatters due to years of ill-conceived and poorly implemented economic policy from the ANC government and to add insult to injury, this Bill will also impact how people residing in South Africa protect themselves, their loved ones, and their property against rising violent crime rates.