South Africa

South Africa

Restricts foreign ownership of private security companies

28 Sep 2021

On 28 September 2021, the Private Security Industry Regulation Amendment Act, 2014 received assent. Among other issues, the Amendment Act introduces a requirement that private security companies be owned and controlled to at least 51% by South African citizens, subject to derogation.

Nature of measure:
  • Entry restriction
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Public administration and defence; compulsory social security)
Inward FDI:
No
Outward FDI:
No
Sources: