ANNUAL REPORT 2010/2011
    PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY
    PRESENTATION TO THE PORTFOLIO 
              COMMITTEE ON POLICE
                 25 OCTOBER 2011
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     DELEGATION
     PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY
     Name                               Position
     Mr. T Bopela                       Chairperson of Council
     Ms. Z  Holtzman                    Deputy Chairperson
     Lt. General A Dramat               Councillor  
     Mr. MS Chauke                      Director
     Mr. PP Mthethwa                    Deputy Director – Law Enforcement
     Mr. DKN Ligege                     Deputy Director – Finance
     Ms S Zuma                          Manager – Communications
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    OVERVIEW OF THE PRESENTATION
    PRIVATE 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
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             Last Annual Report briefing
             PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY
               Audit finding                                           Significance                     Action taken                                                           Status
               Value  added  tax  –  At  the  time  of  Qualification                                   Management             has       since       obtained         VAT  Resolved
               concluding         the     2009/10  financial                                            deregistration  confirmation  from  SARS.  The 
               statements,  PSIRA  was  not  yet                                                        contingent        liability    which  was  erroneously 
               deregistered  for  VAT.  Further,  AGSA                                                  recognized as a liability in the 2009/10 financial 
               could not obtain existence , valuation                                                   statements has been reversed.
               and completeness of the VAT liability 
               of  R16  million  disclosed  under  trade 
               and other payables.  
               Compliance matters:                                     Matter of emphasis               The  following  has  been  addressed  during  the  Resolved 
               Non-adherence to PFMA:                                                                   year:
               •                                                                                        •
                 s51(1)(a)(i) Risk management;                                                            Risk management processes in place;
               •    s51(1)(a)(iv)        and       51(a)(b)       –                                     • Procurement policies implemented;
               procurement;
                                                                                                        •  Strategic  plan  prepared  in  line  with  PFMA 
               •
                 s52 – strategic plan;                                                                  requirements and approved;
               •                                                                                        •
                 s53(1) approval of strategic plan;                                                        Approval  obtained  from  National  Treasury  to 
                                                                                                        retain  accumulated  surpluses  as  at  31  March 
               •
                 s53(3) – retention of surpluses;                                                       2011;
               •                                                                                        •
                  s51(1)(a)(ii)  and  77  (a)  and  (b)  0                                                Audit committee appointed in November 2010;
               Audit committee;
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    Core Business Report
    PRIVATE SECURITY INDUSTRY REGULATORY AUTHORITY
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