IziCash new member of Citasa


IziCash Solutions, a South African provider of logistics and cash management services to the retail and banking industry, has become the first mandatory member of the Cash-In-Transit Association of South Africa (Citasa) , which aims to represent all species. forwarding companies operating in South Africa.

Origin: Supplied. IziCash Solutions Managing Director, Albert Erasmus, receives the official membership certificate from Grant Clark, Head of the Cash-in-Transit Association of SA.

“In a nutshell, we want to save the lives of people employed to transport cash and secure customer cash,” says Grant Clark, Director of Citasa. “Rising levels of crime in our industry, and in particular escalating violence against industry employees, make collaboration across the cash chain more important than ever.”

IziCash’s joining the association is considered a milestone for both organizations.

“We fully support the principles that Citasa stands for, especially minimum standards, collaboration and information sharing,” says Albert Erasmus, CEO of IziCash Holdings. “Cash in transit crime has a devastating impact on our society in general and on us as businesses – our people, our assets – in particular. This is a problem that no one can tackle alone; we need to share resources on a daily basis, and that’s what we hope to help achieve by becoming a member of Citasa.

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Erasmus also appreciates the role that Citasa plays in bridging the gap between the CIT industry, external stakeholders and law enforcement, and in ensuring that the regulations and standards necessary for the industry are in place and applied. “By joining the association, we are committing to actively participate in the improvement of our industry”, says Erasmus.

For Citasa, an expanding membership base brings increased credibility and a growing ability to be a voice for the industry. “Mandatory members add tremendous value because they bring all the different aspects that influence our industry to the table,” says Clark. Tech companies that design and produce safer, tougher vehicles and cross-pavement technology are a good example.”

Founded by G4S Cash Solutions, Fidelity Cash Solutions and SBV Services – one of Citasa’s biggest successes in recent times, after becoming a legal entity in November 2021, worked successfully with SAPS to coordinate and mobilize resources from transfer of funds when cash crime spikes occur.


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