Cable theft costs economy R47 billion a year – charge thieves with treason | City Press

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Cable theft costs economy R47 billion a year – charge thieves with treason

Government has proposed a six-month ban on the export of copper waste, and scrap and semi-finished metals to halt the damage caused to the economy and public infrastructure. The ban, which will become effective in the next couple of days after being gazetted, forms part of government’s response to the cable theft and vandalism that have contributed to the slowdown in economic activity.

Asked about the cost of the ban on legitimate businesses dealing in scrap metals, Patel said sellers would still be able to trade in the domestic market but would not be able to export for the six months of the ban. He added that the cost of doing nothing was just too high. Ebrahim Patel, Bheki Cele and Pravin Gordhan outline the measures being taken to stop illegal trade in metals.The rail agency has recently restored some of its operations in the province, including the Naledi to Johannesburg corridor that resumed operating this week.

"The time has also come that, if this kind of theft and sabotage continues and has the kind of impact we’ve seen in the past years on the economy and on the institutions themselves, serious consideration should be given to charging some of the people involved in this kind of sabotage at Eskom and Transnet, perhaps even Prasa, with treason."

"You can imagine the kind of impact that has on the movement of locomotives and so, inevitably, there are delays. Secondly it has an impact on which type of locomotive can be used on which type of rail and if the damage is not anticipated or known, you then have derailments as well, which brings about its own problems.

Source: News Formal (newsformal.com)

 

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Six months!?🤷🏽‍♀️ What happens in the interim? Isn’t announcing a ban proposal not serving as a public service announcement to all illegal exporters to speed up their trade before the ban?

At exactly which figure did they now notice that the haemorrhaging has gone too far? 😞😞😞

Syndicate's & individuals together with the scrap metal dealers should be charged with treason. It's very late to recover from the rampant damage however, consider watching the boarders because much will be smuggled into neighbouring countries just to be shipped from SA ports

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Sometimes life pushes you to do what you never throught of doing.I don't want to venture into trade but have no other option than to do it again, with the way life as frustrated me. I meet DaveMcCormick0 who understand how i feels and guild me on to improve my trading again.

Its late they should have stop it in 2010

Closure of scrap yards would do us wonders

We currently do not have any functional copper mine there’s no need to license copper at all export or otherwise in the foregoing circumstances. Till we start producing copper the cartels will continue to mine copper on ZESA power lines.

It's about time

Typical half heartedness. Just ban it forever.

24 months is what is required

Ha duh? Genius.

Proposed 🤔

Government must not act stupid, most of these syndicates are protected and encourage by government thugs

Too late, the damage that will cost the country millions has been already done, while the leaders were napping and certainly wake up to loot 💔

Yes

Regular checks and improved reporting requirements should be imposed on the scrap metal dealer network.

A classic case of stable door shutting after the horse has bolted. Rather catch and prevent the perpetrators.

Ban it for good!

How they gonna ban it when they have unsecured borders

The must close all the scrap yard

...and how does this help us? Maybe six years could have helped but that in itself is not a solution. 🤷🏿‍♂️

About 20 years too late

Too late.... Prasa infrastructure is all gone...

Finally. It certainly took long enough. What is so blatantly obvious to the ordinary citizen takes forever for action to be taken

Government has proposed a six-year ban on Government in order to halt the damage caused to the economy and public infrastructure by Government.

'The time has come.if this..sabotage continues+has the.impact we’ve seen in past yrs on the econmy..serious consderatn shld be givn to charging..pple at Eskm+Transnt.with treason.'Serious consideratn?WTF. Gordhan+Co.will wait till SA slides into the sea b4 acting with any urgency

Only until the prices improve then it's open for all, this is not about curbing crime, it's about getting the best price.!!!

Why were you guys exporting copper scrap in the first place since you don't have a copper processing industry?

6 months

With immediate effect ban not proposal needed

While Zille's SA Metal make millions

Long overdue!

Proposed to who? Isn't that a decision to be taken by government

Proposed to who?, Just make it a law and implement, no time to pussy foot around the criminals feelings

👍👍👍👍👍👌👌👌👌

What took them this long?

How can you do that cause media stands with them?

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