The following are the main observations . PSIRA's 2009/10 Annual Report reveals deficiencies in its financial management. . The situation at PSIRA was disturbing. Out of about 25 strategic objectives, only five had been achieved, with seven partially achieved, and 15 were not achieved. . The presentation should have referred to how PSIRA intended to deal with the problems that it faced. . The Annual Report painted a gloomy picture. . Whether PSIRA was monitoring if companies in the industry were paying the minimum legal wage. . The lack of understanding shown by PSIRA about the industry was poor. . The fact that the Private Security Industry own a substantial number of weapons, and yet are not properly regulated by PSIRA.