Copper theft figures decrease
South African parastatals have reported a steady drop in copper theft over the past few months.
CAPE TOWN - South African parastatals have reported a steady drop in copper theft over the past few months.
The South African Chamber of Commerce and Industry (Sacci) on Monday released its monthly Copper Theft barometer.
It is based on related losses reported by Transnet, Telkom and Eskom.
In June, around R18 million worth of copper was stolen, but this pales in comparison to the R34 million theft reported in March.
Sacci CEO Neren Rau said the drop in the copper price played a role.
"The international copper price is at very low levels and it is expected to continue at these low levels. This is a discouraging factor for copper thieves."
Meanwhile, Cape Town Metal Theft Unit's Neil Arendse said, "Unfortunately, the amount of vandalism has not subsided even though there are less reported cases of copper theft."