'Foreign-owned security firms not a real risk to national security'

The African National Congress (ANC) is intent on pressurising President Jacob Zuma into enforcing legislation on foreign-controlled security firms.

The ruling party called on government to immediately remove all private security companies it has contracted to guard national keypoints, for the fear that national security is being compromised.

This comes after the party’s national executive committee lekgotla in Pretoria recently.

The Private Security Industry Regulation Amendment Bill awaits President Zuma’s signature and would prevent foreigners from having a controlling stake in local private security firms.

The draft law also calls for such companies to be 51% South African-owned.

But according to CEO of the Security Industry Alliance Steve Conradie, foreign-owned security firms pose no material threat to national security because they only employ South African personnel.

Instead, Director of Tutwa Consulting Peter Draper says that the implications of this bill will seriously affect the country's position as an investment destination.

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:


Read More
'Accounting irregularities for who? Fraud is what it is, Steinhoff!'

'Accounting irregularities for who? Fraud is what it is, Steinhoff!'

Financial Mail Deputy Editor Sikonathi Mantshantsha says the directors of Steinhoff need to come clean and call a spade a spade.

Diversity in sports: Women in male dominated fields

Diversity in sports: Women in male dominated fields

John Maytham speaks to a female rugby reporter about the challenges she is facing in an industry dominated by men.

Helen Suzman Foundation explains legal challenge to Eskom contracts

Helen Suzman Foundation explains legal challenge to Eskom contracts

Helen Suzman and Sygnia will ask the court to set aside contracts they believe to be unlawful and corrupt in Eskom.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

ISS on Russian influence on ANC and could a Cyril win prevent another downgrade?

ISS on Russian influence on ANC and could a Cyril win prevent another downgrade?

Dr Jakkie Cilliers says if Cyril Ramaphosa wins the elections, he could avoid a downgrade by recalling Jacob Zuma in January.

SA's National Key Points: what's with the secrecy?

SA's National Key Points: what's with the secrecy?

Where you won't miss a thing.

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?