By definition, cash-in-transit (CIT) is the physical transfer of banknotes, coins, credit cards, and items of value from one location to another. CIT ATM services usually include cash replenishment, cash reconciliation, deposit pickup and verification, and the transportation of cash and valuables in an armored vehicle.
Cash In Transit Services In South Africa
PTC Specialised Vehicles
Fidelity Cash Solutions.
SBV Services (Pty) Ltd.
G4S
How many cash in transit companies are there in South Africa?
Guards are aware that theirs is one of the riskiest jobs in the world. Still, there are at least 7 000 directly involved in cash deliveries and collection and are the beating heart of this multi-billion rand industry.
What is cash in transit service in South Africa ?
Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another.
What qualification do you need for cash in transit in South Africa ?
IN ORDER FOR A STUDENT TO OBTAIN THE CIT QUALIFICATION, A GRADE C CERTIFICATE IS REQUIRED. If you have completed the PSIRA GRADE C course, you need to email your certificate to customercare@inkwe.co.za using your ID number as the reference, at the same time you purchase this course.
Why do we use cash in transit services in South Africa ?
The convenient collection and delivery of cash, saving you time and money. A reduction in risk and improved the safety for your customers and staff. Reduce the exposure of uninsured cash losses. Possible reductions in your insurance premiums.
Is Goods in transit part of inventory in South Africa ?
The term Goods in Transit (or Transit inventory) refers to inventory items that have been shipped by the seller, but not yet received by the buyer. Goods in transit is presented under CURRENT ASSETS under the subheading INVENTORY in statement of accounts.