Scholars of various backgrounds have noted how societies across the globe have come to rely on more and more policing and incarceration since the late 1970s. To date, however, detailed analyses of the causes and consequences of this “punitive turn” have been limited to the Global North, with the vast majority of studies focused on the expansion of states’ capacity for violence. This article offers a corrective to the global study of the punitive turn by tracing the rise of South Africa’s private security industry from its inception in the late apartheid period to its current position as one of the largest of its kind in the world. Using newspaper reports, archival material from the apartheid state’s security apparatus, and ethnographic interviews of former and current members of the security industry, it shows how counterinsurgency doctrine, civil war, and deindustrialization shaped South Africa’s punitive turn, precipitating a process where violence was devolved from the state to private actors, including local militias, vigilante groups, and private security firms. This process, it is argued, is far from anomalous, and should be seen as a paradigm for the way the post-1970s punitive turn has unfolded in the majority of the world.