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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
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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With less than two weeks to go before Christmas, the retail sector is booming with increased shopper activity. In the same vein, it goes without saying that criminals are also busy getting ready for the festive season.

The recent spate of cash in transit heists, with five incidents reported in the last week, proves that criminals are geared up to get their hands on cash with their brazenly planned attacks, and they will do so without any thought for life or limb.

We are witnessing an unprecedented increase in violent armed robberies against Retailers and the Cash in Transit sectors nationally. There is little doubt that our Retailers, the Cash in Transit companies and the Police services have to take this threat very seriously and change the way they deal with cash crime.   

The automation of the management of cash in the retail store has become a necessary and essential strategy in order to safeguard business continuity in the retail space.

Although many transactions are concluded with credit cards or other electronic payment methods, cash remains the preferred trading mechanism for thousands of consumers, particularly at this time of year. Traditionally, there is an almost 40% increase in the volume of cash held on retail sites during December, compared to the average cash volumes during other months of the year. 

“The combination of increased cash in circulation and the fact that we have an extra-long Christmas weekend this year, means that retailers have to be extra vigilant and proactive around managing their cash risks on site,” says Richard Phillips, joint CEO of Cash Connect Management Solutions.

The most important and effective way to decrease risk is by installing an automated retail cash management and payment solution that is robust and can resist the toughest of attacks. Cash Connect’s cash vaults, are built to SABS Category 4 standards and have acquired a reputation for their ability to withstand most attacks – including those carried out with explosives – and which provides a formidable deterrent.

But even an automated cash management solution needs vigilance and intelligent management practices to deter criminals. These include:

  • Prevent cash from becoming a target by regularly depositing takings into the cash deposit device and keeping cash at points-of-sale to a minimum.
  • Schedule ad hoc cash-in-transit collections before the Christmas and new years’ long weekends start to reduce increased value being kept on site unnecessarily.
  • Keep in mind that criminals carefully survey their targets before an attack. Therefore be on the lookout for suspicious vehicles and people lurking in the area.
  • Urge staff to report suspicious enquiries to the business owner immediately. They should be particularly wary of anyone wanting to know about banking habits, CIT providers or CIT collection times.
  • Consider closing shop for a few minutes before and during cash-in-transit collections. Alternatively isolate and close down the area during the collections and ensure that the room where the cash exchange or handover is being made has access restrictions.
  • Assist the cash-in-transit collection team by being prepared. This keeps the collection service time window short, sharp and safe.

Cash Connect believes that South African retailers should trade in a safe and secure environment.  A festive mood encourages merry spending.  Safeguard what you’ve worked so hard towards throughout the year – and don’t allow this to once again become a season to be jolly for our criminal underworld.

 

WHAT WE 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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FREE CASH MANAGEMENT CONSULTATION

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