Industry experts panel discussion - The true about business cash crime as CIT heists spiral out of control.

Calls for government to make cash crimes a policing priority.

Cash-related crimes are like a plague to South African society. Millions of Rands are lost to the economy each year, not to mention the loss of many lives in the process.

Cash Connect's Richard Phillips warns retailers of a possible increase in armed robberies over the Easter weekend.

Publication: Sake Beeld
Date: 6 March 2018
Author:  Francois Williams

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Do's and don’ts for business employees during an armed robbery.

Local secure cash management firm Cash Connect has unveiled a self-service bulk deposit acceptor machine, specifically for the retail distribution industry (larger businesses) who for example deliver consumer goods.

The South African Police Service released its 2016/2017 crime statistics on 24 October 2017.

The past weeks saw yet another spate of brazen cash-in-transit (CIT) robberies as organised criminals left their mark in several provinces on a shopping spree for large amounts of cash.

According to news reports by SABRIC, the country has already suffered a loss of R15 million in CIT robberies between January and April 2017. This number has almost certainly risen since then.

Cash Crime predicted to increase over Easter holidays

South Africa has witness a spate of cash-in-transit robberies in just less than a week. The most recent incident occurred in Johannesburg CBD on Monday, where two security guards were critically injured.

The rumours of cash’s demise have been greatly exaggerated. Despite how ubiquitous and convenient electronic money systems have become over the years, many people still prefer the tangibility of cold, hard cash.


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