THE BUSI­NESS

CityPress - - Business -

Although the of­fi­cial Pri­vate Se­cu­rity In­dus­try Reg­u­la­tory Au­thor­ity records show more than 9 000 “ac­tive” se­cu­rity com­pa­nies, the sec­tor is far more con­cen­trated than those fig­ures would sug­gest.

The top 10 com­pa­nies em­ploy 25% of the 445 000 “ac­tive” se­cu­rity of­fi­cers reg­is­tered with the Pri­vate Se­cu­rity In­dus­try Reg­u­la­tory Au­thor­ity.

The big four for­eign-owned com­pa­nies have roughly 30 000 em­ploy­ees.

But there are an as­ton­ish­ing 2 mil­lion peo­ple reg­is­tered as se­cu­rity of­fi­cers – the ma­jor­ity of whom were ei­ther never ac­tu­ally em­ployed or have left the in­dus­try.

That means some­thing like 10% of South Africa’s en­tire labour force be­tween the ages of 15 and 65 have ei­ther looked for work or have ac­tu­ally worked in the pri­vate se­cu­rity sec­tor.

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