WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2001-10-05 Posted By: Jan
From the News Archives of: WWW.AfricanCrisis.Org
Date & Time Posted: 10/5/2001 11:35:09 AM
ANC Bombshell: Ban on Investment in Security Companies
A few days ago I saw this on TV and I thought it was an awesome bombshell. It
shows clearly what the ANC is all about. Due to the hideous amount of crime
in South Africa, the Security Industry is the fastest growing sector. This
industry has attracted massive foreign investment. In one fell swoop the ANC
has stopped this and is FORCING them to withdraw from the country.
Firstly, this country is in dire need of foreign investment. So why is the
ANC stopping one industry which is actually attracting massive foreign
investment?
Secondly, why is the ANC trying to stop hi-tech innovations and capital from
entering the security industry – or is it that the private sector security
industry might actually curb crime?
The ANC is forcing foreign investors to pull out. In one case, a company is
facing a massive influx of R160 million ($20 million) in a single deal.
To me, this is a BOMBSHELL, because it shows clearly what the ANC stands
for and that it DOES CONDONE CRIME AND IT DOES NOT WANT THE CRIME PROBLEM
SOLVED.
Jan
The following is a story from the Mail & Guardian:-
BARRY STREEK, Cape Town
THE British government is “very concerned” about the decision by the African
National Congress majority in Parliament’s safety and security committee to
ban foreign investment in South Africa’s private security industry, saying it
contravenes the 1998 agreement between the two countries to promote trade and
investment.
The proposed insertion of the clause into the Security Industry Regulation
Bill was not discussed beforehand by Cabinet or the ANC’s parliamentary
caucus. Nor was Minister of Finance Trevor Manuel consulted, although the
clause was supported by the cluster of security ministers.
It has been learned that the security ministers were swayed by an
investigation by the industry regulator, the Security Officers’ Board (SOB),
into private security industries in other countries. However, the ANC
proposal goes beyond the board’s recommendations.
The vice-chairperson of the SOB’s interim board, Hans Visser, says there are
strict controls in many other countries along the lines of clause 22 of the
Bill. This lays down that only South African citizens or permanent residents
can be in the management of security companies. But, he added, the proposed
ban on foreign investment in the industry went “a little further than we
recommended”.
Nick Sheppard of the British High Commission says his government is concerned
about the potential effect on wider – not merely British – foreign investment
in South Africa. “We have been in touch with the four United Kingdom
companies affected – Securicor, Group 4, Chubb and ADT – and from the reports
we have seen are considering with the companies what action to take.
“It does seem to go against the United Kingdom South African Investment
Promotion and Protection Agreement, signed in 1998,” says Sheppard.
The United States conglomerate Tyco invested R627-million in the security
industry after being given assurances by the ANC that its investment was
safe.
Within the industry and diplomatic circles it is hoped that wiser counsels
will prevail, particularly after Manuel and Minister of Trade and Industry
Alec Erwin, who are currently abroad, return to South Africa.
Questions are being asked about the potential impact on other
security-related services, including telecommunications, water, electricity,
transport and air travel.
John Sleep of the Security Services Employer Organisation says close to
R3-billion recently came into the country in the form of foreign investment
in the security industry. “How can this possibly be introduced when one of
the economic priorities of the government is to attract foreign investment?”
he asks.
Dick Aubin, chairperson of Gray Security, which is owned by the
British-controlled Securicor, says the move is “absolutely ridiculous”. He
says it does not matter whether shareholders come from Soweto or London, as
long as the companies are professionally managed by South Africans.
Aubin says he does not understand the nature of the government’s security
concerns. “As a South African I would be far more concerned about a
right-wing or Pagad-related security firm, even if it was run by South
Africans, than about a professional security company with foreign
investors.”
He says Gray employs more than 10 000 people, but at the last count had only
483 firearms, which had to be registered twice a day.
It is understood that the stand by ANC members of the parliamentary committee
followed a decision by the security cluster e(177)± comprising Minister of Safety
and Security Steve Tshwete, Minister of Defence Mosiuoa Lekota, Minister of
Intelligence Lindiwe Sisulu and Minister of Justice and Constitutional
Development Penuell Maduna – and Minister of Foreign Affairs Nkosazana Zuma
that a private security industry under foreign control was a threat to
national security.
“After all, the private security industry has more people power and more
weapons than the police force,” one official told the Mail & Guardian.
Tshwete’s representative Andre Martin offers no explanation beyond saying
that “the minister said there should be no foreign involvement in the private
security industry”.
The position was endorsed by committee chairperson Mluleke George, who asked
the government’s legal drafters to be unambiguous about excluding foreign
involvement. He added, however, that there should be a transitional period,
perhaps of two years, to allow South Africans to buy out the foreign
interests.
Responding to Democratic Alliance calls for the ANC to reconsider its
position, Qalas Kgauwe, speaking on behalf of the ANC study group, said there
was “nothing to convince us” of a need to revisit the proposal.
Foreign companies will have to sell their companies to “white or black South
Africans”.
The SOB’s Visser stresses the need for regulation of foreign involvement in
the industry, arguing that South Africa cannot exercise control over
foreigners. Foreign investors in the industry had bought into existing
companies, and as such had not created new jobs.