Significant investment
"This has not been very well thought through," said Conradie. "It is targeting a significant investment into South Africa."
The majority of the sector is already black-owned, he said, and all the major operators have already conducted black economic empowerment transactions.
The industry is the biggest supplier of entry-level jobs in the labour market and the Bill will threaten employment, he argued.
According to the police ministry, the sector has about 10 000 active private security companies, which government regulates through the Private Security Industry Regulatory Authority. The regulator has more than 1.9-million security officers on its database, of which more than 400000 are active security officers.
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