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Not the biggest grudge purchase

According to the South African Property Owners Association (SAPOA), security expenses account for only 6% of the total operating cost of properties. Electricity (32%), rates and taxes (21%) and management costs (8%) rank highest on the list of expenses.

“It is understandable that property owners consider security a grudge purchase, as there is no direct financial return on investment to be calculated,” says Pierre van Wyk, MD of Kallvest. “The proper management of risks, of which sufficient security services is but one focus area, is where the return on investment can be found.”

Van Wyk suggests seeking advice from a professional security company that can advise on security solutions specific to your needs, leading to cost savings without reducing efficacy. While there are basic steps property owners should apply to better protect themselves against crime, partnering with a security company has the benefit of customised risk reduction solutions.

Property owners are advised to contract companies that are registered with the Private Security Industry Regulatory Authority (PSIRA).

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