• Three cheers for Thuli

    Where are South Africa’s men and women of honour, asks Mandi Smallhorne.

  • Structure your pension

    An expert explains the ins and outs of different types of retirement annuities.

  • Inside Labour

    Without radical policy change SA's social fabric will continue to fray, says Terry Bell.

Data provided by iNet BFA
Loading...
See More

Copper thefts ease in December

Feb 02 2011 12:30 Sapa

Related Articles

Copper theft costs SA R5bn a year

Copper theft on the up

Cable theft disrupts coal exports

SA may class copper as precious metal

Theft costs Telkom R863m

Telkom stops replacing cables

 
Johannesburg - The cost of copper theft to the economy had yet to stabilise, although there had been a drop in figures for December, the SA Chamber of Commerce and Industry (Sacci) said on Wednesday.

This was according to Sacci's Copper Theft Barometer, launched in December, which hopes to help reduce the R5bn this crime costs the economy each year.

"The December figures are down to R17.55m. This represents a marginal reduction from the November figure of R18m, but remains notably above the mid-year figure of R15.66m," Sacci said.

"As distinct from previous years, there wasn't an upward surge in theft activity in the last quarter of 2010.

"In 2010 there were fairly stable levels of copper theft since June of between R16m and R18m. In addition to the improved economic circumstances compared to 2009, the anti-theft strategies of the enterprises involved in this area appears to have paid dividends."

The total cost for 2010 was R259m.

The barometer is an indicator of the estimated cost of replacing copper cable stolen from major users Transnet, Telkom, and Eskom.
transnet  |  eskom  |  sacci  |  copper theft
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

“Hippie sense makes business sense,” an entrepreneur said, adding that "purpose" was core to success.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...