Ujir Soni is a Chartered Accountant, Cybersecurity Citizen, CEO of Advanced Threat Solutions, and has been in the security-related industry for the past 10 years.
South Africa's private security industry has become too important to remain trapped in an old business model.
With hundreds of thousands of security officers protecting homes, businesses, infrastructure and communities, the sector is an essential part of the country's security architecture. PSiRA's current strategy emphasises professionalisation and stronger regulation. Yet professionalisation cannot mean merely better compliance. It must mean transforming security companies into integrated risk-management businesses.
That transformation requires three professions to move from the back office to the centre of the security enterprise: accounting, auditing and cybersecurity.
Accounting may seem far removed from physical security, but it is fundamental to it. Security companies manage large workforces, payrolls, overtime, vehicles, equipment, contracts, procurement and client payments.
