How Do I Start a Security Company in South Africa?
What is a security company?
It refers to businesses that provide armed or unarmed security services and expertise to private and public clients in to safeguard individuals and properties.
What attributes characterize a good security company?
A good security company will have a dependable staff of qualified and professional security personnel that have received the essential training.
How do I start a security company in South Africa?
1. Get a business premises suitable for your business.
2. Register your business with the CIPC
3. Register yourself at the Private Security Industry Regulatory Authority (PSIRA) as a Grade B security provider.
4. Get a Tax Clearance Certificate from SARS.
5. Acquire COID letter of good standing
6. Go back to the PSIRA to register your business with the Authority.
7. Launch your security company and train your workforce.
What is the cost of starting a security company in South Africa?
Starting a security company in South Africa typically costs around R50,000, which includes the cost of leasing a business premises, acquiring resources, and registering with the appropriate authorities.
What is the cost of registering your security company with CIPC?
The cost of registering your security company with CIPC is only R175.
How much does it cost to become a member of PSIRA?
The cost of registering your security company with PSIRA is R2,280 and an assessment fee of R1,710 must be to them.
How much revenue can a security company generate?
Security companies can earn between R400,000 and R600,000 per year in South Africa.
How many security companies are in South Africa?
South Africa has 9,539 registered security companies in 2022, according to the Private Security Industry Regulatory Authority (PRISA). There are about 2.5 million registered security officers as well.
How much do security guards earn in South Africa?
The average security guard salary in South Africa is R 168 000 per year or R 86.15 per hour.
