Cop­per theft on rise – Sacci

The Star Early Edition - - BUSINESS NEWS -

LOSSES to cop­per theft rose marginally to R13.2 mil­lion in Oc­to­ber, up from R13m the pre­vi­ous month, ac­cord­ing to the SA Cham­ber of Com­merce and In­dus­try’s (Sacci) Cop­per Theft Barom­e­ter. “This is the fifth monthly in­crease in the year and is 43 per­cent higher than a year ago. The in­crease in Oc­to­ber is a wor­ry­ing sig­nal that cop­per theft may be on the in­crease.” The vol­ume of stolen cop­per rose from 173 tons in Septem­ber to 176 tons last month. “The re­cent in­creases… sug­gest an up­ward trend has taken hold. This is a set­back from the good work done in driv­ing down the crime tra­jec­tory from 2012 to 2013.” – Sapa

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