UNITED DEMOCRATIC MOVEMENT

MEDIA RELEASE

FOREIGN INVOLVEMENT IN THE SECURITY INDUSTRY

STATEMENT ISSUED BY ANNELIZÉ VAN WYK, MP
UDM SPOKESPERSON ON SAFETY AND SECURITY

The UDM appreciates the complexity of foreign involvement in the private security industry. Foreign investment remains central to the future success of the South African economy.

It is in our opinion necessary to take the debate forward and we have therefore proposed that middle ground can be found between the views calling for unfettered foreign investment and those opposing any form of foreign involvement or investment in the industry. The UDM has therefore proposed that the ANC considers limiting foreign investment in the security industry, or any single security company, to 20%. In addition that a reasonable transition period is built into the law, and that foreign investors in the industry are encouraged to make their shares available to current management and employees.

The UDM is of the opinion that such an approach will address fears that foreign investment is being threatened, whilst ensuring that this sensitive industry remains in the hands of South Africans.

Enquiries:
Annelizé van Wyk, MP
UDM Spokesperson on Safety and Security
082 557 4184

Cape Town
9 October 2001