Private Security has become a lucrative business in South Africa mainly due to the high crime rate which has led to a demand for more security. Unemployment has also played a big role in the rise of private security firms. PSIRA’s (Private Security Industry Regulatory Authority) mandate derives from the Private Security Industry Regulation Act of 2001. The main objective of PSIRA is to regulate the private security space, therefore, before setting up a private security practice, one has to register with PSIRA. So, what steps should be followed in PSIRA registration South Africa 2022?
Who is PSIRA? The Private Security Industry Regulation Authority provides guidelines on the registration process of security-related services in South Africa such as guarding, escorting, monitoring, investigating, and armed reaction. The regulator also oversees the running of individuals and firms offering private security. Here is a step-by-step guide for PSIRA registration.
Private detective in Johannesburg (2024): Top 10 best investigators
Where applicable, present
You are required to submit a one-year business plan.
The resolution should indicate that the applicant will be able to operate for the next year.
This should be attached to SIRA 2.
What is 'Alternative Income Source Identified' and what should you do about it?
Note that after completing the registration process, an inspection will be done on the business to determine its infrastructure and capacity standards. If the business does not meet the standards required, PSIRA may withdraw the business registration.
As part of the process, you have to pay a mandatory PSIRA registration fee of R6,750 for businesses and R230 for individuals. The payment is through a cheque, and a copy of proof is to be attached to the application. Payments should be made out to:
1. For businesses/firms:
Private Security Industry Authority
Bank: Nedbank, Arcadia
Account Number: 16333 66200
Branch Code: 163345
Ref no: Director’s ID no. (Only)
2. For individuals:
Private Security Industry Regulatory Authority
Bank: Nedbank, Arcadia
Account Number: 1633366200
Branch Code: 163345
Ref no: your ID number
The PSIRA registration fee 2022 is only for registration. Once the business is registered, the business will still pay for the pro-rata portion of annual fees for the remainder of the financial year. Annual fees are payable where your company is in operation or not. You can check more information on yearly fees on the official PSIRA website.
SRD Reconsideration status check and registration in 2024
Once you have completed all the above processes, you can either download, sign and email or fax the forms back to PSIRA. Alternatively, you can drop the forms at the PSIRA branch near you. There is a list of branches and contact details online under PSIRA contacts.
What is Psira registration? If you want to know more about this body, you can find out more on PSIRA registration enquiry s/o which is available through the official website. You can verify whether a business is compliant before seeking its services. For business PSIRA registration check, go to the site and verify.
On the other hand, individual PSIRA registration status check can be done on the verification option available on the website. All the necessary information on registration documents can be found here.
Note that the PSIRA website also provides a list of its inspectors. The list allows you to do a check of the inspector that comes to inspect your business.
A-Z list of bursaries for private colleges in South Africa in 2024
With the unemployment rates in South Africa, setting up private security might be a way of tacking this issue. Private security provides an opportunity for individuals to be creative. Just remember to do your research and understand the PSIRA registration requirements before deciding if private security is your space.
DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
Source: Briefly News
Jedidah Tabalia Jedi is a journalist with over 5 years working experience in the media industry. She has a BSc. in Human Resource Management from Moi University (graduated in 2014) and a working in progress MBA in Strategic Management. Having joined Genesis in 2017, Jedi is a passionate Facts and Life Hacks, Fitness, and Health content creator who sees beauty in everything. She loves traveling and checking out new restaurants. Her email address is jedidahtabalia@gmail.com