CAPE TOWN South Africa (Xinhua) --
South Africa’s Parliament on Monday urged all
industry players to join hands in curbing the current spate of
bring together all players in the cash-in-transit industry to
discuss effective measures to end the scourge, Parliament’s
Portfolio Committee on Police said.
A public hearing
will be held the coming Wednesday to discuss priorities,
Committee Chairperson Francois Beukman said.
According to the
SABRIC, the first two quarters of this year saw a marked
increase in cash-in-transit heists, with 159 armed robberies
In the majority of
the incidents, commercial explosives were used and the robbers
were armed with AK47s and other powerful rifles. In some cases,
gangs of up to 20 heavily armed members attacked in broad
daylight, using stolen or hijacked vehicles.
In a parliamentary
briefing last week, Police Minister Bheki Cele disclosed that
some weapons recovered during the cash-in-transit heists belong
to police and the army.
“There are SAPS
members who have been arrested for cash-in-transit robberies. We
won’t sit here and deny their involvement,” said Cele, who
listed cash-in-transit heist as a crime of priority.
Parliament has urged
law enforcement agencies to directly interrogate the root causes
for the current situation and re-assess their analysis and
methodology dealing with serious organized crime.
African stocks end lower as G7 summit fails to inspire
JOHANNESBURG South Africa (Xinhua) --
The Johannesburg Stock Exchange (JSE) closed
marginally lower on Monday as the Group of Seven (G7) meeting in
Canada at the weekend failed to inspire markets.
remained subdued as investors eye events that could move the
market, including central bank announcements and the U.S.-North
The South Africa’s
rand was at R13.09 to the dollar from R13.10, R15.4711 to the
euro from R15.46 and R17.52to the pound from R17.5440.
Market expert are
looking forward to Wednesday’s rate decision by the U.S. Federal
Donald Trump accused Canadian Prime Minister Justin Trudeau of
being “dishonest and weak” and did not support the communique
after the G7 meeting.
The all share was
down 0.13 percent to 58,146.1 points and the top 40 lost 0.09
percent.General retailers climbed 0.32 percent, industrials 0.13
percent and banks 0.76 percent. The gold index shed 3.4 percent,
platinum 0.92 percent and resources added 0.36 percent.
slipped 0.79 percent to R328.39 and Sasol 0.91 percent to R488.
plummeted 4.47 percent to R106.34. Naspers gained 0.07 percent