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Chronicle Writers
The rise in US dollar cash transactions has led to a spike in violent crimes, making the country a prime target for armed robbers.

Businesses, banks, and individuals are now more susceptible to daring attacks on cash-in-transit vehicles, shops, and even homes.

Authorities recently reported an alarming 11 percent surge in robberies, prompting the police to develop and implement strategies to combat crime and restore public trust. Several high-profile incidents have underscored the growing threat.

In Bulawayo’s city centre, Ecobank was robbed by a six-person group, with criminals making off with US$4 million last month. Last week, a Cowdray Park family’s home was raided by armed robbers who stole over US$25 000. Also last week, armed robbers hijacked a luxury vehicle from a man in Luveve suburb’s Chigumira

Shopping Centre, although the vehicle was later recovered in Gwanda, and three suspects were arrested.

Other notable incidents include a 2022 robbery at ABC Auctions in Harare, where criminals stole a staggering US$1,4 million, and a January 2021 heist on the Harare-Chinhoyi Road, where robbers ambushed a cash-in-transit vehicle and made off with US$2,775 million. Similarly, in Ruwa, armed thieves stole US$30 000 from Thornicroft Primary School. These incidents highlight the alarming frequency and audacity of armed robberies across the country.

National police spokesperson Commissioner Paul Nyathi warned members of the public, financial institutions, businesspeople, and the mining sector about handling large amounts of money.

Commissioner Paul Nyathi

“Naturally, money attracts criminals. Members of the public, as we always emphasise, should desist from keeping large amounts of money in their homes, on their persons, or in their companies. It is unwise to do so, as some criminals are linked to employees who furnish them with information that can lead to robberies. Money should always be kept in the banks. Rather, keep small amounts of money for incidentals,” said Commissioner Nyathi.

He said that with financial institutions, reconfiguration of their security standards is essential in warding off criminals.

“In banks nowadays, you find someone carrying out a large transaction in the banking hall, which is not safe as you may not be aware of who is in the banking hall. A serious need to upgrade security standards is required there. A person may be followed by individuals who witnessed the transaction. They also need to beef up their security on days when they expect large transactions. We have also mentioned that, as police, we can provide a service in that regard,” Commissioner Nyathi said.

For the mining sector, he urged players to desist from keeping large amounts of money and showing off.

“Players in this industry are most at risk because they like to be flashy and keep large amounts of money on them, as well as the minerals. Instead, they should safely keep their money and valuables at the banks,” he said.

Commissioner Nyathi advised all stakeholders in the security industry to ensure that they vet their staff. He referred to an incident where a cash-in-transit crew from an esteemed security company decided to offer a lift to a stranger, who then stole US$20 000 from them before going on a spending spree.

“It is such issues that we, as police, feel there is a need for cooperation to ensure a reduction in robbery crimes,” he said.

Mr Louis Herbst, a businessman and former ZNCC vice-president for the Matabeleland chapter, said the rise in armed robberies, especially those targeting businesses and individuals in the forex sector, calls for immediate action.

He stated that the surge in criminal activity has raised concerns among business owners and the public, underscoring the need for urgent discussions on effective preventive measures.

Mr Herbst emphasised the importance of restoring confidence in Zimbabwe’s banking sector.

“As a businessman and industrialist, I firmly believe that fostering confidence in our banking institutions is crucial for enhancing community security. Banks serve as the backbone of our economy, and it is essential that we not only trust in their capabilities but actively engage with them. By utilising banking services, we can collectively diminish our vulnerability to becoming targets of crime.

“It is vital for banks to develop platforms and services that cater to the needs of the community while prioritising security,” said Mr Herbst.

He further highlighted that businesses must take proactive steps to mitigate the risk of armed robberies. Investing in advanced security measures, including surveillance systems and alarm technologies, can serve as a strong deterrent against criminal activity.

“Moreover, cultivating a culture of security awareness among employees empowers them to recognise and report suspicious behaviour, further protecting our assets.

“The banking sector also has a pivotal role to play in this endeavour.

By enhancing their services with secure transaction methods and providing guidance on comprehensive risk management strategies, banks can support businesses in safeguarding their operations.

Education on the importance of cybersecurity and the utilisation of digital banking solutions is essential in this regard.”

Mr Herbst also called on the Government to address the socio-economic factors contributing to crime.

“By investing in community development, education, and economic opportunities, we can create an environment that reduces the incentives for criminal behaviour.

A collaborative approach involving the Government, financial institutions, and businesses is essential in fostering a safer environment for all,” he said.

He pointed out that smart banking solutions and favourable electronic transactions represent one of the most effective strategies to reduce the need to carry or hold cash. Embracing these innovations can significantly enhance collective security and resilience.

Economist Mr George Nhepera echoed the call for businesses and individuals to cultivate a culture of banking their hard-earned money in secure institutions.

“Banks have strong vaults with the capacity to keep our money safe under lock and key. We cannot perform that same role as individuals or corporations by storing money at business premises or in residential areas,” said Mr Nhepera.

He also stressed that the security sector and the banking community must continue to tighten their efforts in addressing armed robberies, including implementing strong internal control systems to minimise security breaches.