Cash is still king. But more importantly, cash remains high on the criminal agenda.
Extended retail trading hours are a valuable feature during the festive season, but naturally increase the opportunity for retail cash crime to spike. Central business districts and coastal towns are the most high-risk areas in South Africa during December.
Be warned - criminals are ready to cash in this festive season
The December holiday period is a peak trading season for SA’s retail sector, with a significant rise in cash volumes and a corresponding increase in retail cash crime, like armed robberies, burglaries and cash-in-transit heists.
The festive season is fast approaching and is typically the peak trading season for retailers across the country. However, retail cash crime will certainly remain high on the criminal agenda, particularly, in this cash-driven economy as R140 billion circulates the streets of South Africa.
The festive season is fast approaching – a time of joy and festivities as we take a break from the mundane realities of everyday life. But, not all is rosy during this period – retail cash crime remains high on the criminal agenda, particularly during this holiday period when cash volumes increase dramatically.
Richard Phillips, joint CEO of Cash Connect Management Solutions, says: “The national crime statistics for the last year show a reality of 55 armed robberies against South African businesses and retailers each day. Retail stores, where cash is accumulated in large volumes, are particularly vulnerable to armed robberies, and these businesses need to take action to mitigate this risk.”