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#FNBHeists: How safe are bank vaults?

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Cape Town - The risk of storing valuables at home is still higher compared to storing items in a bank vault, according to CEO of MUA Insurance Acceptances Dawie Loots.

Loots said the burglaries such as the theft of the recent safety deposit boxes FNB happen very seldom in South Africa, especially when compared to residential robberies or burglaries.

FNB suffered three burglaries involving safety deposit boxes in the last 15 months. The incidents took place in September 2015 at FNB’s Sunnyside branch and twice in December 2016 at the bank's Randburg and Parktown branches.

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