Share

Copper theft decreases slightly

Cape Town - The Copper Theft Barometer decreased for the first time last month since February, the SA Chamber of Commerce and Industry (Sacci) said on Wednesday.

Copper theft decreased to R12.2m in June compared to R15.4m in May.

This equated to 166 metric tons of stolen copper in June from 214 metric tons in May.

"It is too early as yet to determine whether the decline is a temporary dip in the recent upward trend, or possibly a positive indication of a downward trend reset," it said in a statement.

Theft levels

The barometer had previously shown three consecutive months of theft increases.

At the time Sacci called for a specialised copper theft unit.

"The outlook for copper theft levels for 2014 remains concerning despite the decrease in June," Sacci stated.

"A dedicated national copper theft police unit can play an important role in prosecuting larger criminal syndicates."

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.80
+1.1%
Rand - Pound
23.49
+1.3%
Rand - Euro
20.10
+1.5%
Rand - Aus dollar
12.28
+1.0%
Rand - Yen
0.12
+2.8%
Platinum
923.40
-0.2%
Palladium
957.50
-3.3%
Gold
2,336.75
+0.2%
Silver
27.20
-0.9%
Brent Crude
89.01
+1.1%
Top 40
69,358
+1.3%
All Share
75,371
+1.4%
Resource 10
62,363
+0.4%
Industrial 25
103,903
+1.3%
Financial 15
16,161
+2.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders