Cashless society not around the corner

March 27, 2013

Security Association of SA head Jenny Reid says cash has moved into informal areas more than the formal sector. "There are a number of stores opening up and that I think is where growth is happening with cash. We are seeing growth in the bulletproofing of cash offices — where money is cleared — so it is into informal areas where people operate with cash and want money out of that environment as soon as possible."

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