Salt River, Cape Town 10 October 2024

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Banks face R1.5bn bill for ATMs and branches attacked by looters

Damage to banks and ATMs during July's violence and looting will cost up to R1.5bn to repair, the Banking Association SA (Basa) said on Saturday. Banks are still working on infrastructure recovery plans in Gauteng and KwaZulu-Natal, the association said in a statement, adding that 1,400 ATMs and 269 bank branches were vandalised or destroyed. “An indicative average replacement cost of an ATM in SA is R385,000, with additional installation […]

8 August 2021

Local

Cashiers fired over R43m MyCiTi theft but fraud kingpins escape

Twenty-two cashiers have been fired amid an investigation into the theft of up to R43-million from Cape Town's MyCiTi bus service. Many of them have admitted guilt but were "too intimidated" to reveal who was behind the syndicate, said Cape Town transport commissioner Melissa Whitehead. Eight of the 22 have been charged with theft, according to City of Cape Town documents made public in the row that has sparked an […]

13 December 2017

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customers

Banks face R1.5bn bill for ATMs and branches attacked by looters

Cashiers fired over R43m MyCiTi theft but fraud kingpins escape

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