Copper theft on the rise again

Copper theft increased again in February, the SA Chamber of Commerce and Industry (Sacci) said on Wednesday

By - March 28, 2012
Copper cable

Copper theft increased again in February, the SA Chamber of Commerce and Industry (Sacci) said on Wednesday.

Sacci’s Copper Theft Barometer was R22.8 million in February — up four percent from January’s R21.9 million, Sacci said in a statement.

It was R20.9 million in December.

In 2011, the barometer averaged R17.8 million.

The barometer — started in December 2010 — is an indicator of the estimated cost of replacing copper cable stolen from major users Transnet, Telkom, and Eskom.

The chamber expected copper theft levels to be higher this year than in 2011 due to increased international demand for copper.

“According to Xstrata Copper (Australia) global demand for copper will rise by 3.1 percent in 2012, boosted by China’s continued investment in housing and infrastructure that will drive up demand.

“This is significant since China’s demand constitutes 40 percent of global demand,” Sacci said.

However, the current trend of stronger law enforcement could cut out a vital conduit for organised copper-theft syndicates, Sacci said.

“Last year, there were 72,533 reported incidents of copper cable theft and 10,736 arrests were made.

“Sentences passed on guilty offenders have recently become harsher.”

Another positive measure was the implementation of the Second-Hand Goods Act, dealing with accreditation of second-hand goods dealers’ associations.

“These provisions regulate suspicious transactions as well as the possession, acquisition, and disposal of metal cable with a burnt cover such as copper.”

The Act would be implemented in full once outstanding regulations were promulgated, which was expected to be by the end of April.

Forum discussion

Shutterstock is the image partner of MyBroadband – more technology images

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Have you used WhatsApp voice calling yet?

View Results

Loading ... Loading ...

More News

Cell C Dual Benefit Billing launched

Cell C

Cell C has launched a service that lets employers subsidise employee-owned contracts

Post Office not paying its SAA bills, account suspended

SA Post Office

The SA Post Office said the suspension of its account by South African Airways was grossly unfair on Thursday

WhatsApp killing SMS, but too early for funeral arrangements

SMS

A look at South African SMS numbers over the last 12 years shows the tide has turned, and that mobile messaging services like WhatsApp are winning the messaging war

South Africa’s most valuable export – brilliant South Africans

Made in South Africa

Many countries are benefitting from brilliant South Africans who are doing extraordinary things overseas

X

Newsletter Subscription


Name
Email *
Enter the following to confirm your subscription *
Captcha image


Free MyBroadband Newsletter
Subscribe
X
bool(true)