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.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Public administration and defence; compulsory social security)
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Sources:
