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.
Richard Phillips, joint CEO of Cash Connect, SA’s leading provider of automated cash management and payment solutions give some insights for retailers to mitigate their risk for being a victim of retail cash crime.
- Criminals carefully survey their targets before an attack. Share your protection strategies with your staff.
- Always be on the lookout for suspicious vehicles and people lurking in the area and tip off the police.
- Encourage staff to report suspicious enquiries to the business owner immediately.
- Staff should be particularly wary of anyone wanting to know about banking habits, CIT providers or CIT collection times.
Cash Connect’s goal is to enable retailers to operate in a safe and secure trading environment. This festive season we want to take SA retailers from a place of safety, to a place of growth and prosperity.