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By the late 1960s, the private security industry was growing at a recession-resistant rate of 10-15% annually. Estimates of the number of private guards, investigators, and so on ranged from 350,000 to 800,000. [42] From 1976 to 1981, there was a 20% increase in calls for police service.
An increasing number of South Africans are using private security companies to protect themselves and their assets. The broad private security industry is employing over 200,000 security guards throughout the country, of which the guarding industry is the largest, with 125,000 guards working for approximately 3,200 security companies.
The Code is a non-state mechanism and is therefore intended to be supplementary to state legal oversight of private security providers. It has been designed to apply in complex security environments, meaning any areas experiencing or recovering from unrest or instability, whether due to natural disasters or armed conflicts, where the rule of law has been substantially undermined, and in which ...
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A security guard (also known as a security inspector, security officer, factory guard, or protective agent) is a person employed by a government or private party to protect the employing party's assets (property, people, equipment, money, etc.) from a variety of hazards (such as crime, waste, damages, unsafe worker behavior, etc.) by enforcing preventative measures.
Private security companies say they've gotten an influx of calls. Executive security spending at S&P 500 companies has been on the rise — doubling from 2021 to 2023. Update: A "person of ...
Employees of private security companies are generally referred to either as "security guards" or "security officers", depending on the laws of the state or country they operate in. Security companies themselves are sometimes referred to as "security contractors", but this is not common due to confusion with private military contractors, who operate under a different auspice.