COPPER theft in March rose to its highest level since early 2010, the SA Chamber of Commerce and Industry (Sacci) said yesterday.
Sacci's Copper Theft Barometer was R34.7-million in March - significantly higher than February's R22.8-million, Sacci said in a statement. Last year the barometer averaged R17.8-million.
"The successful implementation of the Act [Second-Hand Goods Act] together with improved operational intelligence should reduce copper theft levels, and prove March's level to be the last spike before the permanent downturn," Sacci said.
The barometer is an indicator of the estimated cost of replacing copper cable stolen from major users Transnet, Telkom, and Eskom.
Sacci said global copper theft was driven by the high demand from rapidly growing economies like China.
Copper theft spike in March
COPPER theft in March rose to its highest level since early 2010, the SA Chamber of Commerce and Industry (Sacci) said yesterday.
Sacci's Copper Theft Barometer was R34.7-million in March - significantly higher than February's R22.8-million, Sacci said in a statement. Last year the barometer averaged R17.8-million.
"The successful implementation of the Act [Second-Hand Goods Act] together with improved operational intelligence should reduce copper theft levels, and prove March's level to be the last spike before the permanent downturn," Sacci said.
The barometer is an indicator of the estimated cost of replacing copper cable stolen from major users Transnet, Telkom, and Eskom.
Sacci said global copper theft was driven by the high demand from rapidly growing economies like China.
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