Be cautious when carrying cash

2018-12-19 06:00
PHOTO: sourced

PHOTO: sourced

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SOUTH African Police Service media contact Lieutenant-Colonel Thulani Zwane has issued an urgent cautionary notice to the public this festive season, stating that carrying large amounts of cash must be avoided at all times.

“People must consider other options and alternative methods of funds, including carrying as little cash as possible and consider making use of cellphone banking and Internet transfers to pay accounts or ATMs to conduct banking,” said Zwane.

He said the police were concerned in light of recent incidents where people were robbed of their cash and some even injured in the process. This is therefore why the SAPS are issuing guidance methods so as to avoid and prevent incidents in the future.

Below are the tips that will help minimise the chances of being the victim of robberies:

TIPS TO AVOID BEING A VICTIM OF CASH ROBBERIES

• Alternate the days and times on which you deposit cash

• Refrain from making cash deposits

• Never make your bank visits public, even to people close to you

• Do not openly display the money you are depositing while you are standing in the bank queue

• Avoid carrying money bags, briefcases or openly displaying your deposit receipt book

• It’s advisable to identify another branch nearby that you can visit to ensure that your banking pattern is not easily recognizable or detected

• If the amount of cash you are regularly depositing is increasing as your business grows, consider using the services of a cash management company

• Refrain from giving wages to your contract or casual labourers in full view of the public, rather make use of wage accounts that can be provided by your bank

• Refrain from driving to the bank in your company branded vehicle on a typical “pay day”

• Consider arranging for electronic transfers of wages to your contract or casual labourers’ personal bank accounts.

“We also want to warn all stokvel members to take extra precautions when dealing with large amounts of cash as these types of cases are very prevalent during the festive season when members are sharing money,” added Zwane.

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