NIGEL/HEIDELBERG
082 853 4071
15 DESEMBER 2020
rekord@rekordpaper.co.za
www.rekord.org.za
No more cheques - cash nex t No more cheques the notice that everybody have received from one or another bank saying “the issuance of cheques to be discontinued on 31 December 2020.” In August this year the banks forward a letter to all dear business customers, to advise people that the banking industry had made the decision to stop cheque issuing with effect from 31 December 2020. This date is now fast approaching and they would like to remind all of the following important points: Special clearances on all cheques were discontinued on September 1, this year and a mandatory 7 business day clearance period now applies. They stopped ordering and issuing new cheque books with effect from October 1. You can continue to use cheques as a payment mechanism until your current stock of cheques/cheque books runs out, or until 31 December 2020, whichever comes first. You can only accept cheque deposits and continue to cash cheques until 31 December 2020. Cheques deposited after 31 December will be returned unpaid. Have you made the switch to digital? If you haven’t already done so, they urge you to make use of their digital banking channels to make and receive payments. Not only a safer and more convenient alternative to cheques, it is also a far more efficient and cost-effective way of doing business. Options include: Online banking, the Mobile Banking App and Business Online, which allow you to pay benef iciaries (including businesslisted beneficiaries) immediately and securely. You can also send SMSs and emails to beneficiaries as proof of payment, view your transaction history, track payments and repay saved beneficiaries without having to re-enter information. Cost-effective Point of Sale, SnapScan, and referenced deposits are just some of the convenient solutions available to businesses to make collecting payments from your customers easier. For some, cash is still something they use every day. For younger
JJC Kruger & Vennote
generations, cash is becoming more and more obsolete. The future of cash. The future of cash has become an ongoing debate, but mostly among economists. For the average person, it’s a moot point, since we have access to a variety of forms of payment, there’s no conflict. Does it mean a cashless society. The case against the future of cash If you stand back and view the situation from afar, it seems clear that cash’s days are numbered. Here are some of the primary reasons why! The rise of electronic payment methods. It’s simply too convenient to make payments electronically, particularly with the Internet, as well as the fact that merchants and vendors can now be hundreds or thousands of miles away. It might just be a question of time before all payments are electronic. There are a couple of potential issues here. The first is that heavy use of cash has been commonly associated with crime, particularly drug-related crimes. The elimination of cash may seriously impair criminal activity. The other issue is theft. Today, a lot of people are afraid to carry cash, particularly large amounts. While debit and credit cards can be cancelled and replaced if stolen, once cash disappears, it’s gone forever. There’s little doubt the elimination of cash would enable banks, credit unions, and other financial institutions to reduce staff. After all, it takes more people to handle the business of cash transactions. Far fewer people are needed to manage the process.
TEL: 011 362-1551/2 FAX: 011 815-3427
Cnr. Ermelo & Dagbreek Rds, Largo, SPRINGS Valid while stocks last Q.D OXIDE RED 5LT THINNERS ALUMINIUM SHEETS
ANGLES 6MT
20X3 20X5 25X3 25X5 30X3 30X5 40X3 40X5 50X3 50X5
25X25X2 R 71.52 25X25X3 R 111.00 25X25X5 R 163.02 30X30X3 R 124.98 30X30X5 R 199.92 40X40X2 R 109.44 40X40X2.5 R105.84 40X40X3 R 168.90 40X40X5 R 273.90 50X50X3 R 219.90 50X50X5 R 363.24 60X60X6 R 536.40
R 46.50 R 74.04 R 58.02 R 97.86 R 69.90 R109.02 R 92.52 R144.00 R115.02 R181.98
SQBAR 6MT 8MM R 71.00 10MM R 64.02 12MM R100.02 6MM 8MM 10MM 12MM 16MM 20MM
SHEETS/PLATES EA
R 19.50 R 35.52 R 66.20 R 80.52 R165.70 R225.00
WIND/SECT RT6 RT13 RF7 RFX7 RF4B
078 804 2401
H2406
Drie Riviere - Vereeniging Umgenistraat 54, H/v Bashee Straat Drie Riviere, Vereeniging (By River Square kruising 016 423 3553
H2410
R321 R211 R 40 pkg
F/BAR 6MT
R/BAR 6MT
267 SKAKEL
tion is left with the vendor or merchant. As electronic payment methods become more widespread, the move away from cash is building steam. In the global scheme of things, the US is well placed among countries going cashless. Will cash disappear or become obsolete? With the increase in the number and dollar value of transactions happening by electronic payment methods, the share of cash transactions is steadily declining. It may be that at some point in the future, cash is eliminated by government decree. Ultimately, cash may in fact disappear. But it’s mostly a question of where and when.
CO S TEEL DEALERS ELCO STEEL EL
R R R R R
88.98 129.00 117.06 173.04 286.02
6320C R236.21 6320D R248.58 WHEEL KIT SETS 60MM R163.98 80MM R209.30
CHANNEL
76X38 light 100X50 light 152X76 178X54
2450X1225X1.6 2450X1225X2 2450X1225X2.5 2450x1225x3 2450x1225x4 2500x1200x5 2500x1200x6
R858.74 R943.00 R1180.70 R1199.00 R1773.00 R2346.00 R2731.20
PALISADES
RECT.T 1.6MM 2.0MM
Weld Rods
R123.90 2.5X5kg R158 R245.76 3.2X5kg R173 R274.56 Equal Angle R332.40 Bonanza R393.04 R439.20 R507.30 R8500 per ton excl vat R557.00 R664.10 random lenghts SQ. Tube 1.6mm R2.0mm - must take in bundles 20X20 R129.54 R159.06 25X25 R175.74 R216.70 GALV SHEETS 32X32 R222.00 R274.56 2450X1225x0.5 R241 38X38 R268.20 R332.40 2450X1225x0.6 R299 50X50 R360.66 R447.90 2450X1225x1.0 R499 76X76 R545.58 R679.14 2450x1225x0.2 R1074 2450x1225x3.0 R1611 100X100 R895.62 25X12 38X20 38X25 50X25 50X38 76X25 76X38 76X50 100X50
R129.54 R198.78 R222.00 R268.20 R317.34 R353.20 R406.90 R427.02 R536.90
PIPE 1.6MM 2.0MM 19MM 25MM 32MM 38MM 42MM 50MM 76MM 100MM
R 99.54 R136.08 R172.14 R208.68 R235.62 R281.22 R426.54
PALISADE PANELS 600x3mm High R495.00 900x3mm High R615.00 1.0x3mt High R656.00 1.2x3mt High R736.00 1.5x3mt High R857.00 1.8mt High R977.00 75X50X20X2 2.0mt High R1057. 100X50X20X2 2.4mt High R1218. 125X50X20X2 LOOSE PALES 150X50X20X2 600mm R18.00 175X50X20X2 900mm R25.00 1.0mt R28.00 200X50X20X2 1.2mt R33.00 1.5mt R42.00 IPE SECTION AA 1.8mt R50.00 100X55 R96.9m 2.0mt R56.00 140X73 R115m 2.4mt R67.00
R121.56 R167.22 R212.22 R258.06 R291.54 R348.80 R530.30 R711.70
GATE MOTORS
DTS R4 542 Complete kit CUTTING DISC
115MM R22.00 230MM R43.00
Lip Channel 6mt 9.1mt
EXP/METAL
Springs Parkland Kliniek Spesialiste Spreekkamer 011 812 4172
GEHOORSENTRUM
Though many believe a cashless society is inevitable, there are a few significant reasons why that may not be the case. Cash remains the primary medium of exchange among the poor. Despite the popularity of electronic payment methods among middle income and wealthy households, the poor remain disproportionately dependent on cash. The problem for many of the poor is bank fees. This can be compounded by low or unsteady income and deposits, resulting in non-sufficient funds (NSF) fees and even account closures by banks. Cash virtually eliminates the possibility of identity theft because no informa-
ROOF SHEETING
R770.00 I.B.R 0.4MM CQ R87.26 R985.00 I.B.R/CORR. 0.5mm R106. R2149.02 I.B.R/CORR.0.6mm R108.40 R1749.00 CORR 0.3MM FH R56.34
R340.00 R399.00 R407.00 R468.00 R480.00 R499.00
R455.00 R516.50 R620.00 R644.10 R704.00 R762.00
A grade prices include vat subject to availability E&OE. Prices subject to change without prior notice due to national steel price increase and shortage at stock.