According to the
Global Cash Index report released in June 2017, cash remains the preferred
method for the majority of payment transactions.
 

“The prevalence of retail armed
robberies, burglaries and cash in transit robberies is a clear indicator that
highly organised criminals are aware of the large volumes of cash moving around,”
says Richard Phillips, joint CEO of Cash Connect.  

They also know that around 72% of
retailers, deal with their cash takings in a traditionally manual way.  These retailers present easy and lucrative
targets to criminals who have sophisticated resources at their disposal.

With 57 armed attacks a day, retailers
should not accumulate large volumes of cash in store, but rather opt for
automated cash management solutions.

Phillips says that Cash Connect’s cash vaults are locally
designed and built to a minimum SABS Category 4 standard, proven
to be the most
effective deterrent to cash crime in the market. 

Steven Heilbron, also joint CEO, says
that Cash Connect processes over R60 billion a year on behalf of retailers,
including blue-chip customers such as Spar, Shell, Engen, Pick ‘n Pay and
OK.  “With Cash Connect retailers can
rest assured that their cash is guaranteed,” adds Heilbron.