JOHANNESBURG (AP) — A proposed law in South Africa that would require foreign-owned private security firms to sell at least 51 percent of their businesses to South Africans will deter foreign investors and violate international trade deals, a business group said Wednesday.

The measure approved by Parliament would affect the roughly 10 percent of private security companies that are foreign-owned, employing 30,000 to 40,000 people, all of whom are South African citizens. However, the South African Chamber of Commerce and Industry said it hopes President Jacob Zuma will return a regulatory bill containing the measure to lawmakers for revision instead of signing it.

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