Cash heists on the rise - Sabric

Cash heists on the rise - Sabric

There's been a significant increase in cash-in-transit heists in the country.

Limpopo heist R71 1
File Photo: A previous cash-in-transit heist

The South African Banking Risk Information Centre's operations general manager Kevin Twiname says 203 heists have been reported so far this year, compared to 160 during the same period in 2016.

He says it's evident the perpetrators are well organised. 

Sabric's comments come in the wake of a spate of cash-in-transit heists in Limpopo and Mpumalanga over the past two months. 

Footage of several of these crimes have gone viral on social media. 

READ ALSO: Robbers blow up cash-in-transit van

In many of the instances, explosives are used to gain access to the safes in the armoured vehicles. 

Twiname says there's been a gradual increase in the use of explosives over the past three years.

READ ALSO: Cash-in-transit explosion caught on camera

In the most recent incident a Fidelity Security vehicle was targeted on the R71 in Limpopo.

Police say a group of about 10 heavily-armed suspects were involved. 

READ ALSO: Getaway vehicles used in Riverside mall heist recovered

An undisclosed amount of money had been stolen. 

No injuries or fatalities were reported.

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