Economists warn that retailers and consumers will be hit hard as cash pipeline ceases to function
Deadly protests which are gripping Gauteng and KwaZulu-Natal’s towns and cities are set to create a potentially devastating cash crisis, with cash-in-transit companies stopping the collection and delivery of money to businesses and ATMs.
On Tuesday, after wide-scale looting overnight which saw banks and ATMs broken into and millions of rand in cash stolen, G4S announced that because of the volatile situation, it had “scaled back” cash collection and delivery services in affected areas...If you have already registered or subscribed, please sign in to continue.
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