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Copper worth R259m stolen in 2010

Mar 30 2011 16:17 Sapa

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 54.87
Change -3.38
% Change -0.06
Cumulative volume 2691479
Market cap 28.58bn

Last Updated: 16/09/2014 at 02:58. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Copper valued at R259m was stolen during 2010, the SA Chamber of Commerce and Industry (Sacci) said on Wednesday.

"The annual total cost as measured by the barometer for 2010 was R259m," Sacci said in a statement on its Non-Ferrous Metals (Copper) Theft Barometer.

This was followed by a spike in January 2011 to R20.5m and a return in February 2011 to the level of R16.5m.

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

The indicator shows replacement costs but not indirect costs such as security to protect infrastructure.
transnet  |  eskom  |  telkom  |  sacci  |  copper theft
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