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Never miss an
opportunity to GROW
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JAN DU TOIT
Total Fuel Stop Heilbron
"If you have to deal with a lot of cash,
change over to Cash Connect before
it’s too late"
MY STORY
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BEYOND SAFE
"TAKING MY BUSINESS FROM A PLACE OF SAFETY
TO A PLACE OF GROWTH"
- Israel Penyane, Total Palm Springs
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PEACE OF MIND
“Ever since we moved to Cash Connect we
had absolute peace of mind”
- Greg McKey, Fish ‘N
MY STORY
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EFFICIENCY & PAYMENTS
“Cash Connect's solution saves me
time and money”
- Roza Dos Reis, Klopperpark Spar
MY STORY
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WEBFLO
“Webflo helps me to track my cash remotely“
- Kashif Khaliqi, Engen & Katleho Garages
MY STORY
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PAYMENTS
"Now I get the money instantly in my
account to make payments"
- Nelson Teixeira, Klopperpark Spar
MY STORY
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BUSINESS EFFICIENCY
“The Cash Connect solution has given us
more time to focus on what is important”
- Armand van der Merwe, Fish ‘N
MY STORY

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While the retail sector is trying to recover from the spate of violent armed robberies in December, the next peak season for crime is right on our doorstep. 

“All indications suggest that the retail sector experienced over 150% increase in robberies in 2016. In the same period, the use of plastic explosives in attempts to steal from cash deposit devices increased by over 400%. We can reasonably expect to see a spike in business crime during April as consumers go on holiday and the volume of cash increases at retail stores across the country,” says Richard Phillips, joint CEO of Cash Connect Management Solutions.

As consumers plan to take a break, criminals certainly don’t prepare to take time off – this is in fact their peak period for business.  

The trends show that syndicates attack in groups of 6 to 12 armed men, with armed robberies as the highest number of attacks, closely followed by business burglaries.

The common use of plastic explosives in the execution of an armed robbery against cash deposit devices and the dramatic increase in this kind of attack suggests that criminals are enjoying an abnormally high degree of success and that many of the devices in use are not strong enough to offer the type of resistance necessary to discourage them.

During a burglary, the findings show that general retail stores that only trade during the day time are attacked when the stores are closed for business - the pattern with these occurrences is that an assortment of cutting machines, angle grinders and the like are generally used to access the safes.  

Security professionals caution that robberies are more often than not executed with careful planning by organised crime syndicates who collect as much information about the target as is possible. Information about the amount of cash and the general what, when and how the cash is protected is gleaned from within the business either by observation or by the help of employees or contractors, and in some cases, both.

It is a commonly held view in the security industry that more than 90% of all attacks on business involve voluntary or involuntary participation from the inside.

The official crime statistics for the period 2015 /2016 show a 15% increase in attacks on cash in transit vehicles and while they are primarily responsible for moving the R130billion in circulation in South Africa, the CIT industry is expected to remain high on the criminal agenda. 

We welcome the Minister’s recent commitment to a specialised police task force approach to cash crime as this is an essential part of the cash industry’s response to this extremely violent and potentially crippling crime.

Criminals are without a doubt becoming smarter and more determined in their methods.  Their common use of explosives is indicative of how better skilled they are becoming.

“Time is a very important consideration of the attackers.  The practice by some retail organisations, of closing their stores or, in larger operations, the cash collection precinct within the store, during the CIT collection, has proved to be a particularly successful tactic in countering and reducing the risk for attack during the store’s most vulnerable time of day,” says Phillips

He adds that in his experience only hardened and robust cash deposit devices offer meaningful resistance to the very violent attacks to which they are exposed.  Over December, Cash Connect experienced 10 attacks on its cash vaults and every one of them was defended. A simple cash device that is constructed of mild steel plate and very light in weight, can’t reasonably be expected to safeguard cash.

With many of the latest attacks, CCTV footage show that criminals are able to disable alarm systems and proceed straight to the cash vault, in a manner that suggests a familiarity with the layout of the store and where the cash is kept.

Armed reaction companies suggest that businesses should make sure there is more than one panic button with quick, easy access of armed response on site. The jamming of security systems and devices is also a common tactic used to block the signals that go to the security company. The use of an alarm system connected to both a radio transmitter and landline could counter this.

“Our cash vault technology, which is built to SABS Category 4 standards, has been vigorously tested over the past few years by determined criminals using every kind of tool from explosives to sledge hammers. It has undeniably delivered on the level of deterrence and defence, necessary to discourage a repetitive attack of violent crime,” says Phillips.

 

WHAT DOES CASH CONNECT DO?

Cash Connect ensures a streamlined cash management and payment solution that secures your cash, provides risk cover, offers working capital and business finance when needed and facilitates your supplier payments directly from the cash vault.

No more in-store or cash in transit insurance needed – we have it covered. From the moment your cash goes into the vault, whilst in transit, and until it appears in your bank account, we cover the risk. Your cash is guaranteed, side-stepping traditional insurance assessment delays and critical cash flow effects on turnover.

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WHY TRUST US WITH YOUR CASH?

It’s been more than 10 years since Cash Connect entered the South African market with cutting edge technology, a sound understanding of the cash risk in the retail space and a passion for service.

Today we boast a winning score board for innovation and protection of our customers’ business, as well as offering access to quick and reliable unsecured, short-term capital.

> WHAT OUR CUSTOMERS HAVE TO SAY

EFFICIENCY IS A PRIORITY

With Cash Connect, you can benefit from same day cash settlements, better cash flow, low cash deposit fees, reduced cash shrinkage and cut back on your back office administrative costs. You will save money on both in-store and cash-in-transit insurance costs and most of all, you will have established a massive deterrent against armed robbery.

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PEACE OF MIND

Our clients’ businesses are distinguishable by being retail spaces where the staff and their customers are no longer intimidated by the fear of attack and where the focus of attention has shifted to improving the working and shopping experience in every way.

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BEYOND SAFE

Cash Connect is a key component of a successful retail store and strives to make a unique contribution to South Africa’s burgeoning entrepreneurial SMME community.

We offer much more than just robust cash deposit vaults with which to process and protect your cash. We provide business efficiency – beyond safe.

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