SABRIC Lauds Special Meeting on Cash-in-Transit Heist

SABRIC (The South African Banking Risk Information Centre) applauds the decision taken by the National Assembly Portfolio Committee on Police (Parliament of the Republic of South Africa) to hold a Special Meeting on Cash-In-Transit (CIT) heists, scheduled for 13 June 2018.

“As an organisation whose members comprise CIT companies, SABRIC is gravely concerned and alarmed about the crisis proportions CIT attacks have reached. This negatively impacts on the country and economy, investor confidence, our member banks and CIT companies, the public and society”, says Kalyani Pillay, CEO of SABRIC.

SABRIC is actively engaged in collaborative threat surveillance, risk detection and tactical support with relevant authorities. However, more needs to be done.

SABRIC therefore welcomes the proactive oversight and leadership by the Portfolio Committee during its meeting with SAPS (South African Police Services) national leadership, held on 17 May 2018.

According to Pillay, it is encouraging that during this meeting, the Portfolio Committee proactively raised a number of serious concerns about the prevailing high rate of CIT attacks gripping the country.

This Committee decision gives further impetus to SABRIC’s call, urging government and particularly law enforcement authorities, to put special interventions in place to end the current scourge of violent CIT attacks proliferating across the country.

This includes treating CIT attacks a priority crime, ensuring systematic compilation of cases that are prosecutable by the NPA and establishing dedicated provincial CIT investigation teams.

The Portfolio Committee special hearings, provides a vital opportunity for legislators to ensure oversight of operational and legislative implementation enhancements, as part of improving the coordination of efforts amongst all role-players and stakeholders involved in preventing, combating and prosecuting CIT crimes.

Mrs. Pillay further emphasized that, “Parliament has a vital Constitutional mandate to perform legislative and policy oversight and provide a forum for dialogue on issues of national importance.”

The current scourge in CIT attacks represents threatening proportions. Parliament should therefore be commended for its proactive approach in this regard, in ensuring that swift and sustainable solutions are found and implemented by all role players and stakeholders.

SABRIC looks forward to actively participating in these hearings, as part of contributing solutions to combating CITs as a priority crime, in collaboration with the Portfolio Committee and other participating authorities, stakeholders, role players and organizations.

[ENDS]

To arrange for interviews with SABRIC CEO, Kalyani Pillay, contact:

Media and communications Manager
Tel: +27 11 847 3134
Cell: 082 070 5349
Email: media@sabric.co.za

Notes to Editors:

SABRIC is a NPF company formed by South African banks to support the banking industry in the combating of crime. SABRIC’s clients are South African banks and major CIT companies. Its principle business is to detect, prevent and reduce organised crime in the banking industry through effective public private partnerships. SABRIC co-ordinates inter-bank activities aimed at addressing organised bank related financial and violent crime and acts as a nodal point between the banking industry and others, in respect of issues relating to crime. The creation of public awareness of various bank related crimes and educating the public on how to protect themselves is one of SABRIC’s key focus areas. For more on SABRIC visit www.sabric.co.za