Easter is also a feast for criminals, retailers and consumers warned
Categories: Business News, News
"Retailers need to appreciate the fact that cash crime is prevalent in SA and not going away any time soon.
"Therefore, retailers can make a material contribution to improving the general safety of stores, staff and customers," he told Fin24 on Tuesday.
For instance, over the past two years, there has been a 16% increase in non-residential cash robberies countrywide over Easter.
"There's R140bn in circulation in South Africa at any given time and cash robberies remain unacceptably high, with over 50 a day," said Phillips.
Read more article on Fin24
There is a tendency among criminals to use the Easter long weekend - and its spike in shopping - to their advantage, says Richard Phillips, joint CEO of retail cash management company Cash Connect.
"Retailers need to appreciate the fact that cash crime is prevalent in SA and not going away any time soon."Therefore, retailers can make a material contribution to improving the general safety of stores, staff and customers," he told Fin24 on Tuesday.
For instance, over the past two years, there has been a 16% increase in non-residential cash robberies countrywide over Easter.
"There's R140bn in circulation in South Africa at any given time and cash robberies remain unacceptably high, with over 50 a day," said Phillips.
Read more article on Fin24
