The IFP has raised grave concerns about the Private Security Industry Regulatory Authority's Annual Report in which it failed to detail proper information.

IFP Spokesperson on Police, Mr Velaphi Ndlovu MP said "We find it difficult to follow and understand the presentation made by Mr Manabela Chauke who is the Chief Executive Officer of Private Security Industry Regulation Authority (PSIRA) as it does not speak to each presentation. The liabilities of PSIRA are more than the fixed assets of the business, which means the business was supposed to be sequestrated and be closed down."

Ndlovu added, "They employ events manager when they do not have a budget for it and this has led to more financial losses which they cannot collect. If the management of PRISA can just focus on the concerns raised by the Auditor General's report and maybe they can have a turnaround strategy. But at the moment it is very difficult."

The committee was told that the Chairman is employed part-time but the salary that he gets does not speak to that and no job description appears on the Annual Report of 2011/ 2012

The IFP takes these mistakes very seriously and can see that there is a big problem with Private Security Industry Regulation Authority.