Starting a Security Company in South Africa
To start a security company in South Africa, first register with the Private Security Industry Regulatory Authority (PSIRA). Pay a registration fee and write the PSIRA exam. Show you have no criminal record. Annual re-assessments and renewals also require payments.
Initial startup costs range from R10,000 to R100,000. This covers licensing, office rental, equipment, and marketing. BPlans estimates start-up costs around R77,000.
Key Steps for Security Service Provision
- Register your company.
- Provide one year business plan.
- Get B-BBEE compliance documents.
- Acquire necessary equipment.
- Build a team of well-trained personnel.
- Officers must register with PSIRA.
Revenue Streams for Security Companies
How do security companies charge clients in South Africa?
To start a security company in South Africa, first register with the Private Security Industry Regulatory Authority (PSIRA). Pay a registration fee and write the PSIRA exam. Show you have no criminal record. Re-assessments and renewals require payments.
Initial startup costs range from R10,000 to R100,000. This covers licensing, office rental, equipment, and marketing. BPlans estimates start-up costs around R77,000.
Register your company, provide one year business plan. Get B-BBEE compliance documents. Acquire necessary equipment. Build a team. Officers must register with PSIRA.
The PSIRA regulates South Africa’s private security industry. Companies offer services like access control. People often hire based on cost, reliability, and reputation. The industry has grown due to rising crime rates.
There are more private security guards than police officers. The average guard earns less than police. Costs for guards or protection can range from R71,000 per month to R150 per hour for 24/7 executive protection.