Involvement of Foreign Companies
Several multinational corporations have invested in the South African security industry, and have come to dominate sections of it. These include Tyco International, United Technologies Corporation, and Top Holdings, who operate the companies ADT, Chubb South Africa and Top Security, respectively.
Other multinational corporations that operated in South Africa have sold their local subsidiaries to South African companies, sometimes as part of Black Economic Empowerment deals. These deals include the absorption of Khuselani Springbok by Fidelity.
The South African security companies Fidelity and Coin Security, amongst others, have themselves established large overseas operations.
Recently Coin and Protea has joined forces to from Protea Coin Security, which is actively involved together with Fidelity in Cash Transport Management Services, known in the Industry in the Republic of South Africa as Assets in Transit (AIT).
Read more about this topic: Private Security Industry In South Africa
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