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Cash heists cost far more than the money stolen

Date: Jul 31, 2018

The 10 biggest cash-in-transit heists in South Africa last year allegedly netted criminals a staggering R456-million

The 10 biggest cash-in-transit heists in South Africa last year allegedly netted criminals a staggering R456-million.This was revealed by Interpol’s South African TurnBack Crime ambassador, Andy Mashaile, on Tuesday. He was speaking at a panel discussion in Midrand, Johannesburg, on technology systems needed to defeat cash heist gangs. Mashaile said that only R33-million of this R465-million had been recovered. “This points to how much money these crime gangs are stealing, and how vital technology is in the fight against these crimes, especially when it comes to minimizing deaths, injuries and losses.”Mashaile said that last year cash-in-transit companies transported R165-billion across South Africa, but could not give a figure of how much cash had been stolen in total. Earlier this month South African Banking Risk Information Centre CEO Kalyani Pillay said there had been 140 heists in 2017 and that since January there had been 178 heists – just less than one a day – with 17 people killed and 93 injured. On #SAfmLifeTimeLive with Criselda Dudumashe talking to Andy Mashaile – Former Chairman of the Gauteng Police Board and Global Ambassador if Interpol’s Turn Back Crime

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