{"id":95579,"date":"2014-01-27T16:46:42","date_gmt":"2014-01-27T14:46:42","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=95579"},"modified":"2014-01-27T17:01:16","modified_gmt":"2014-01-27T15:01:16","slug":"copper-theft-down-41-sacci","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/95579-copper-theft-down-41-sacci.html","title":{"rendered":"Copper theft down 41%: Sacci"},"content":{"rendered":"<p>Copper theft increased to a level of R10.5 million in December, the SA Chamber of Commerce and Industry (<a title=\"Sacci\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/467603-SACCI-South-African-Chamber-of-Commerce-and-Industry\">Sacci<\/a>) said on Monday.<\/p>\n<p>According to Sacci, copper theft stood at R9.5m in November 2013.<\/p>\n<p>Sacci said the copper theft barometer level for last year was 41 percent lower than in 2012.<\/p>\n<p>The international spot price of copper increased to a monthly average, to date, of US7343 (about R82,388) per metric ton in January 2014, from US7216 (about R80,963) in December.<\/p>\n<p>&#8220;The increase in the copper price in January has been much stronger than expected and could signal a confidence in industrial economies for strong growth,&#8221; Sacci predicted.<\/p>\n<p>Copper waste exports fell to US14.3m (about R160.4m) in November 2013 from US62.9 (about R705m) in October.<\/p>\n<p>The sudden fall suggested that the export restriction on scrap metal that came into effect at the end of last year was now making an impact.<\/p>\n<p>Sacci CEO <a title=\"Neren Rau\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/435369-Neren-Rau\">Neren Rau<\/a> said the outlook on copper theft looked &#8220;relatively optimistic&#8221;.<\/p>\n<p>However, a sudden increase in price coupled with a weaker rand exchange rate could create a greater incentive for organised crime.<\/p>\n<p>&#8220;This is where the gains from improved policing as well as the export restrictions should start to play a role,&#8221; he said.<\/p>\n<h3 class=\"my-4\">More copper theft news<\/h3>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/general\/73846-four-arrested-for-copper-theft.html\">Four arrested for copper theft<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/general\/65142-cable-theft-costs-r5-billion-a-year.html\">Cable theft costs R5 billion a year<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although copper theft increased in December, the copper theft barometer level for last year was 41% lower than in 2012, Sacci said on Monday.<\/p>\n","protected":false},"author":33,"featured_media":73718,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[36,3862,8327],"class_list":["post-95579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-active","tag-copper-theft","tag-sacci"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/95579"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=95579"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/95579\/revisions"}],"predecessor-version":[{"id":95587,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/95579\/revisions\/95587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/73718"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=95579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=95579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=95579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}