2018-04-17 06:00
PHOTO: suppliedRichard Phillips, the joint CEO of Cash Connect.

PHOTO: suppliedRichard Phillips, the joint CEO of Cash Connect.

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CASH related crimes are like a plague to South African society. Millions of Rands are lost to the economy each year, not to mention the loss of many lives in the process.

Cash Connect, SA’s leader in automated cash management and payment solutions, has invested considerable resources into the design, testing and manufacture of the safest in-store cash vaults possible. And the latest research results confirm that the strategy is paying dividends.

Richard Phillips, the joint CEO of Cash Connect, says his company’s technology has been proven to be the most effective deterrent to cash crime in the market. “Stores using our cash vaults were attacked far less than any other, despite an increase of more than 30% in attacks against the industry in the past year.”

A further telling statistic is the 19% decrease in attacks on Cash Connect’s vaults in 2017 over 2016, despite the company’s almost 40% year-on-year growth.

Steven Heilbron, also joint CEO of Cash Connect says that they process over R60 billion a year on behalf of blue-chip customers such as Spar, Shell, Engen, Pick ‘n Pay and OK, to name but a few. “Our company’s range of robust cash vaults, all built to minimum SABS Category 4 standards, are rapidly growing their presence in retail stores across the country,” adds Heilbron.

“In the 2017 calendar year, 51% of attacks on our vaults were bombings; we defended 92% of them,” says Phillips. “In the other 49% of attacks, an assortment of tools was used to try and gain access to the cash. We defended 81% of these attacks.”

Safety, however, is not the only benefit Cash Connect brings to the retail table. As South Africa’s most successful independent provider of automated cash management and payment solutions, it empowers retail businesses with services that create greater efficiency and improved cash flow.


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