Thieves steal jewels worth R4bn from London deposit box. Can it happen here?

Highly organised thieves stole diamonds and other valuable jewels worth almost R4-billion from a depository in London.

They, reportedly, abseiled down a lift shaft and used specialised equipment to cut through the thick doors of an underground vault.

The thieves had no trouble disarming what was thought to be a sophisticated alarm system.

Listen to the audio (scroll down) for an interview with Wayne Becker, Co-Founder & Director of KnoxVaults. He discusses the likelihood of something similar happening in South Africa.

This is not the first robbery to have happened at that depository in London. What we have in place would’ve stopped what happened in the UK.

Wayne Becker, Co-Founder & Director of KnoxVaults

They need to do a polygraph test of all employees to make sure it wasn’t an inside job.

Wayne Becker, Co-Founder & Director of KnoxVaults

You get a 90 percent discount on your insurance if you place your valuables in a safety deposit box.

Wayne Becker, Co-Founder & Director of KnoxVaults

We have absolutely no idea what’s in our safety deposit boxes.

Wayne Becker, Co-Founder & Director of KnoxVaults

It costs between R200 and R600 for your own safety deposit box.

Wayne Becker, Co-Founder & Director of KnoxVaults

This article first appeared on 702 : Thieves steal jewels worth R4bn from London deposit box. Can it happen here?


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Why companies pay ‘golden handshakes’

Why companies pay ‘golden handshakes’

The Money Show’s Bruce Whitfield interviews Khokhela Consulting MD Laurence Grubb.

'We should be cutting interest rates, but there’s so much uncertainty!'

'We should be cutting interest rates, but there’s so much uncertainty!'

South Africa’s repo rate remains unchanged at 6.75%. Bruce Whitfield interviews Nedbank economist Busisiwe Radebe.

Cape Town is set to make history and headlines around the world on 21 April 2018

Cape Town is set to make history and headlines around the world on 21 April 2018

For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.

5 business building habits to develop for 2018

5 business building habits to develop for 2018

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Strategies for reducing your exposure to Naspers

Strategies for reducing your exposure to Naspers

Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

You can definitely teach creativity! – Rob Stokes (Red and Yellow )

You can definitely teach creativity! – Rob Stokes (Red and Yellow )

The Money Show’s Bruce Whitfield interviews Red and Yellow Creative School of Business Chairperson Rob Stokes.

Popular articles
Bergvliet High School implements water saving measures

Bergvliet High School implements water saving measures

The school has started implementing its short-terms goals, tabled with the help of parents, staff and learners.

No returns, no refunds school uniform shop to be taken to task

No returns, no refunds school uniform shop to be taken to task

Parents are concerned about Felix Sports no returns, no refunds and no exchanges policy.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.