Fin24

Copper thieves start 2011 with a bang

2011-02-28 13:28

Johannesburg - There was a sharp increase in copper theft in January, the latest Sacci Copper Theft Barometer shows.

The barometer shows that the value of copper stolen increased from R16.4m in December 2010 to R20.5m in January 2011.

For the period June to December 2010 copper theft levels were fairly stable - between R16m and R18m per month, according to the South African Chamber of Commerce and Industry (Sacci).

"The annual cost for 2010 was R259m. This was followed by a spike in January 2011 to R20.5m. The annual cost between February 2010 and January 2011 increased to R263.5m.

"These levels are unsustainable and will continue to drive up the costs for consumers and business at a time when both are already challenged by increasing levels of administered prices," Sacci said

This is the third monthly issue of the Sacci Non-Ferrous Metals (Copper) Theft Barometer, which measures and monitors copper cable theft in the country on a monthly basis.

The objective is to raise general wareness of the problem, to engage public participation in combating it and to encourage individuals to be ambassadors for the anti-theft campaign.

The barometer reflects the experiences of Transnet, Telkom [JSE:TKG], and Eskom on a current and projected basis; it covers six months preceding the date of the release and also tracks annual trends.

The Sacci barometer is an indicator of the estimated replacement cost of copper cable stolen and does not reflect other indirect costs such as security to protect infrastructure, which runs into many millions of rand per month for each participant. It also excludes the costs incurred by other entities affected such as municipalities.

Comments
  • V Kistensamy - 2011-02-28 13:36

    Why dont the cops arrest the people that buy the copper ??

  • Gore - 2011-02-28 13:58

    Hell this needs big vehicles to move these tonnes of copper. Eh month in, month out, they can get to a figure of whats stolen, but have no idea how these thieves are doing it. This does not sound right!!

  • Pleb - 2011-02-28 14:14

    So what do you expect - the Fish rots from the head

  • Chris - 2011-02-28 16:09

    Does anybody know how this stuff is moved. It has to be reworked by someone.How many smelters do we have in SA.

  • tbone - 2011-02-28 16:41

    where there is no will, there is no way. after it has been stolen, it must be traded and used to contain value. Those are the people that make the money, the thiefs only get a small percentage of the loot. So who is getting rich and why cant the police control the theft by cutting of the head. these are vast amounts, which are very difficult to transport and hide.

  • Freddy - 2011-03-01 06:22

    Life without parole for copper thieves & those who trade in stolen copper.

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