SECURITY
H S A C S S E L G N I P E KE S E S I M E R P R U O Y ON
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ownship traders are increasingly becoming targets of crime. One of the main reasons that spaza shops and taverns are targeted is because criminals know that there is always money in the tills.
Most township business owners don’t have the luxury of insurance cover to fall back on should they fall prey to a robbery, but these business owners need to find different ways to protect their businesses and staff. Cash-related risks remain a challenge for small business owners, but there are different products and solutions available when it comes to cash management.
Make use of automated depositor terminals (ADTs) Business owners who want to physically deposit money into their account could deposit cash into an advanced ATM, which many banks now have available. Business owners can save time because they are no longer confined to the normal business hours of a branch, where they would have to stand in a queue. Deposit fees are often cheaper than when depositing inside a branch. After cash deposits, the funds are available in your account immediately.
Safety tips for manually depositing cash • Alternate the times and days on which you deposit cash. • Never make your bank or ATM visits public, even to people close to you.
Use bank guaranteed cash management solutions
Instead of storing cash at your premises, arrange for your cash • Do not openly display the money you are depositing while to be frequently collected from your premises and delivered to your bank’s cash centres. This way it can be counted and you are standing at an ATM or in a bank queue. credited to your account immediately. • Avoid carrying money bags or briefcases when If alternative cash management solutions are out of your reach, approaching an ATM or when standing in a bank queue. consider the following safety tips to keep your business and staff safe and protected against crime: • It’s advisable to identify another branch or ATM nearby that you can visit to ensure that your banking pattern is • Do not keep large amounts of money in the tills. Rather move not easily recognizable or detected. your cash off the premises regularly. • Avoid paying wages in cash to your staff and consider • Do not close your business at the same time every evening. arranging for electronic transfers for wages to your contract or casual labourers’ personal bank accounts. • Close the shop earlier on quiet days and days scheduled for loadshedding. Use an electronic cash-accepting device If you require a more advanced approach to your cash management offering and immediate deposits into your account, you could go for an electronic cash-accepting device, which is highly secure. If a business uses an electronic cash accepting device, their cash is guaranteed by the bank even in the event of theft. Furthermore, your cash will be accessible via your bank account as soon as cashin-transit collection occurs, so you do not even have to wait for the cash-in-transit vehicle to arrive at your bank’s cash centre before you have access to your money. 54
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• Install CCTV cameras and set them to record 24 hours. • Install silent alarms and panic buttons. • Make sure alarms are in a good working condition and activated when your business is closed. • Install security gates and keep them locked if your business is still open after dark. • Report business robberies to the police as soon as possible.
