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axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. Record electricity blackoutsand sustained water outages have crushed businesses, and caused havoc in hospitals and schools nationwide. It’s common to see car-sized potholes in the suburbs of Johannesburg as workmen weld burst pipes. Traffic light outages are a daily occurrence.

But now, even extraordinary, violent events have also become almost commonplace. In October, a heavily armed gang blocked off one of the busiest highways near Johannesburg as it blew up a cash-in-transit vehicle – a security van carrying cash.

Video of the heist was captured on cell phones in real-time. Bystanders can be heard giving running commentary from an overpass.

Cash-in-transit, or CIT, heists are one of the most dramatic illustrations of a crime wave that has shocked even the most hardened South Africans. Murder is at a 20-year high; someone is killed in the country roughly every 20 minutes, according to the most recent quarterly police crime statistics.

Other serious crimes are also on the rise. In 2022-23, recorded cases of kidnapping increased by 41.7%, attempted murders rose by 13.7%, while reported carjacking incidents increased by 8.5%, compared to the previous year, according to annual statistics. Meanwhile, CIT heists remained at the same level as the year before, with 238 incidents recorded.

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. South Africa is approaching a critical election and the ruling African National Congress (ANC) could lose its majority for the first time since Nelson Mandela led it to power 30 years ago — the crime crisis is front and center. And the social impact, of course, goes far beyond the shock value of viral videos.

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. TT Ngwenya, a father-of-four and former cash-in-transit guard, shuffled up the stairs to his apartment in downtown Johannesburg earlier this month, one hand gripping a crutch, the other holding the rail. The elevators were broken.

“When they exploded the vehicle, I lost my mind,” he told 【 - Free Exclusive Group 】. “In our mind we always believe that anything can happen. But on that day, we didn’t expect anything.”

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. The CIT gang hit Ngwenya and his co-worker, who was driving, quickly and hard, crashing into their armored vehicle with a heavy sedan to disable it.

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. The gang worked efficiently, in dashcam video viewed by 【 - Free Exclusive Group 】. The thieves made Ngwenya lie in the grass by the side of the road. When they blew off the roof of the cash van with explosives, it landed and crushed his legs.

“I cannot stand for a long time. I can only stand for three minutes. I am always in pain,” said Ngwenya, who says he is currently on temporary disability allowance from his company’s insurers – but hopes to get a permanent payout from them.

He knows that he is one of the luckier ones. When CIT guards get killed — and they are frequently killed — the local news rarely mentions their names.

“It’s so bad because it seems that every day you lose a member. It’s so bad because every day you wonder whether you will come back,” said Petrus Mthembu, the president of the Motor Transport Workers Union, who works in the CIT industry and has been hit by gangs himself.

“You don’t know whether you will survive, which tells you there is no stability within the country,” he added.

Like anywhere in the world, there are push factors for crime, including inequality and a lack of jobs. South Africa has thehighest unemploymentin the world, atabout 32%in the last quarter of 2023. Youth unemployment is more than 40%.

“People are angry with the level of crime. (But) their life is OK. They are sleeping well, they can pay for electricity, they can pay for water, they will never sleep with their stomach empty,” said a former CIT gangster, who claims he has gotten out of the game. 【 - Free Exclusive Group 】 agreed to hide his identity so that he could speak freely. His argument is not entirely factual: crime affects South Africans from all walks of life, not just those earning a comfortable living.

He admits that he was addicted to the fast cash, as he calls it, saying for one hit each gang member netted around R350,000 (about $18,500.)

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. The gang had spotters and shooters, he said, some with specialized military training. They used a team of 10 to 15 people and, he claims, they frequently got guns and intelligence from the police.

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. To counter the scourge of CIT robberies,the government set up a special task team in 2008. In November last year, the task team said they had arrested scores of alleged gang members. The Directorate for Priority Crime Investigation, better known as the Hawks, declined 【 - Free Exclusive Group 】’s request to observe their work. The South African Police Service (SAPS) has declined multiple requests to do the same, including for this story.

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. When asked to respond to specific questions, SAPS’ national spokesperson Athlenda Mathe referred 【 - Free Exclusive Group 】 to a speech she wrote that references crime statistics from the last quarter of 2023.

“During this period, 46 CIT armed robberies took place, which is 11 counts lower than the previous crime reporting period,” the speech said. The police recovered firearms including rifles and AK-47s, it added.

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Security and intelligence experts say that the CIT epidemic, and the crime crisis in general, come down to a lack of targeted policing and intelligence. They say there are good cops in the system, but that they are demotivated and underpaid. The police have also been struck by multiple corruption scandals over the years.

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“Organized crime at this point is completely out of hand, you have corruption across the board from the lowest to the highest levels,” said Joe van der Walt, the founder and chief executive of Focus Group, a private intelligence company with corporate clients. “You need a strategy that is being followed in order to tackle crime.”

axiscades technologies limited (532395) quarterly results are out ✌️【Stock Trends】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. That strategy, for many companies and wealthier South Africans, is to turn toprivate intelligence, investigations and security.There are more than half a million active private security guards in the country, according to the Private Security Industry Regulatory Authority.

It’s a fast-growing industry – and its members are equipped with manpower and gear far outgunning the police. But even they are feeling the toll.

“These companies are not investing in new products, research, and development to become better. But you are spending a hell of a lot of money to maintain your operations, so you don’t lose the war against crime,” said Gareth Newham, the head of justice and violence prevention at the Institute for Security Studies. “What’s driving the increase in murders is more related to organized crime or organized forms of crime.”

For Ngwenya, the crime crisis is deeply personal and life-changing. He knew the risks of guarding the CIT truck, he said, but he needed the money.

On a recent Tuesday afternoon, as his children started to file in from school, he lay nearly prone on his sofa. He struggles to afford their education fees, he said, and doesn’t have the money to buy airtime on his phone.

“When I went to work there, I knew I could be killed,” he said. “But you must not think about that, otherwise you will never work for your children.”

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