Technology may be the solution to cash-in-transit heists
Many cash-in-transit companies are failing to use the methods available to them to halt this type of crime, even though some have been available for years
A technological battle to fight back against brazen cash-in-transit robbers has begun. But while advances are made in safety and security mechanisms to protect millions of rand in cash transported across SA daily‚ there is little‚ if any‚ legislation setting minimum standards for technology to be installed in vehicles or to compel cash-in-transit companies to use the technology. This was the message delivered at a panel discussion on potential solutions to cash heists‚ held outside Johannesburg on Tuesday. In 2017‚ according to those on the panel discussion‚ R165bn was transported by cash-in-transit companies across SA. Of that‚ R465m was stolen in just 10 heists‚ said panelists. The discussion‚ which involved the Gauteng government‚ police‚ Interpol and cash-in-transit security experts‚ saw the demonstration of technology to protect money transported by road and being delivered to and collected from shops. For such technology to be deployed it must be approved by the Reserve Bank a...
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