Security, electricity costs hit Shoprite bottom line

Shoprite’s CEO, Whitey Basson, confirms the reality of the effect that armed robberies have on retailers. Mr Basson mentioned that the group’s cost of security for the financial year was more than R1bn. "It now exceeds our transport costs," he added. He mentioned that on average three stores were hit each week by armed robbers.

According to the article that was published on www.bdlive.co.za on 19 August 2015, armed robberies and Eskom’s load shedding have cost SA’s largest supermarket group Shoprite Holdings an additional R3bn in operating costs this year.
 
Marius Bosman mentioned that there had been more than 230 armed robberies at its shops in the past 18 months, mostly around shops where social grants were paid out and Gareth Newham, head of governance, crime and justice at the Institute for Securities Studies, on Tuesday (18 August 2015) confirmed that there had been a huge rise in business-related robberies — estimating that the incidence had risen 400% in the past 10 years.

 

To read the Shoprite article that was published on bdlive.co.za, click here

Richard Phillips says that all indications suggest that there has been yet a further increase in robberies and burglaries against business over the preceding year. “Not only do we think the number of incidents have increased but the level of violence and the use of explosives in attempts to steal cash from retail stores have also markedly increased” he said at a recent workshop. Cash is still the primary target for over 95% of armed robberies. The use of automated cash management solutions that rely on high-tech, robust, cash acceptance machines that are built to minimum SABS category 4 level standards have proven to provide a strong deterrent to these kind of attacks.

 

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