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ANNUAL REPORT 2010/2011 PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

Presentation to the Portfolio Committee on Police including core business report, financial results, strategic plan adjustments, performance review, revenue breakdown, financial position, and legislative developments.

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ANNUAL REPORT 2010/2011 PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

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  1. ANNUAL REPORT 2010/2011PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY PRESENTATION TO THE PORTFOLIO COMMITTEE ON POLICE 25 OCTOBER 2011

  2. DELEGATIONPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  3. OVERVIEW OF THE PRESENTATIONPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY • Introduction by the Chairperson of Council • Last Annual Report Briefing – 02 November 2010 • Core Business report • 2010/11 Organizational performance • Financial Results • Action plan on Report of Auditor General • Legislative Developments

  4. Last Annual Report briefingPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  5. Core Business ReportPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  6. Core Business ReportPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  7. Core Business Report PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  8. Core Business Report PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  9. Motivation for revision of objectivesPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY • Certain targets reflected on the original strategic plan were not achievable • The original strategic plan did not indicate quarterly targets (timing) • The original strategic objectives were not linked to the approved budget • There is was no link between the original strategic plan and the divisional plans • Reprioritization of Law enforcement matters i.e. Clearing backlog of cases • Financial constraints during September 2010

  10. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  11. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  12. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  13. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  14. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  15. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  16. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  17. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  18. Organisational performance PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  19. Progress with implementing Audit mattersPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  20. GOVERNANCE & FINANCIAL RESULTS

  21. Financial performancePRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  22. Revenue driversPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY KEY DRIVERS OF THE AUTHORITY’S REVENUE • Number of registered security service providers • Number of security officers that are employed by the above providers • Fines imposed in code conduct enquiries or settlement • Volume of training course reports processed • Volume of business and individual registrations

  23. Revenue BreakdownPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  24. Expenditure BreakdownPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  25. Financial positionPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY OVERVIEW OF FINANCIAL POSITION • Current ratio improved to 1.2 : 1 from 0.93:1 (2010, previously reported); as a result of finalizing deregistration of VAT; • Accumulated surpluses is R11.4m from R17m (2010, as previously reported) • Cash resourced declined by R10.7m, to R13.2m • Capital investments in technology amounting to R2.8m

  26. Current status of debtors PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  27. Irregular expenditurePRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  28. Fruitless and wasteful expenditurePRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  29. Action and progress on Report of AGPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  30. Action and progress on Report of AGPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  31. Action and progress on Report of AGPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY

  32. Legislative developmentsPRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY • Introducing the Private Security Industry Regulatory Amendment Act • Activation of the Private Security Levies Act 2002 • Introducing Training Regulations • Renewal of registration

  33. THANK YOU

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