Founded in 2006 by Richard Phillips, Cash Connect was established to supply retailers with specialist solutions that automate cash handling, give an instant guarantee, remove risk from retailers and ensure fast cash settlements.

A comprehensive understanding of retail cash management, and the realities of criminal activities, inspired Cash Connect to pioneer Cash Vaults based on the principle of Deter, Deflect and Defend. These hardened, SABS CAT4 security vaults have resulted in our clients being 40 times less likely to fall victim of attack. Our clients have access to their real-time information and financial reporting via our custom developed software.

In July 2013 Cash Connect was acquired by a consortium comprising Old Mutual's specialist investment fund, Futuregrowth Asset Management together with Ivan Epstein, founder of Softline and Steven Heilbron, formerly of Investec.

The Cash Connect Team

Cash Connect's management team is made up of motivated leaders who are committed to and live the values and culture of the organisation.

ivan epstein

Ivan Epstein – Non Executive Chairman

Ivan - Co-founder of the Softline Group and former President of Sage International which included the Sage AAMEA regions (Africa, Australia, Middle East and Asia). Ivan is a serial entrepreneur and holds the title for the "Ernst & Young SA's Best Entrepreneur Award" in 1999. Ivan actively participated in the consortium acquisition of Cash Connect in July 2013.


Steven Heilbron – Joint Chief Executive Officer (CEO)

Steven - BCom, CA (SA) - Served as Global Head of Private Banking and as Joint Chief Executive Officer of Investec Bank plc. Stevens' career at Investec spanned 18 years in South Africa and the U.K. In July 2013, Steven actively participated in the consortium acquisition of Cash Connect.

richard phillips

Richard Phillips – Joint Chief Executive Officer (CEO)

Richard Phillips, founder of Cash Connect, is a career industrial and commercial security specialist with over 22 years' experience in cash security and logistics. He is a graduate of the South African Institute of Security and was made an honorary life member of the Security Association of South Africa (SASA) in recognition of his contribution to the industry. He was the founding chairman of the Cash in Transit Crime Prevention Forum and a director of the S.A. chapter of Banknote Watch International.

For the industry news trends and opinions, you are welcome to follow me on Twitter:
Richard Phillips‏ @R_G_Phillips

Mark Templemore Walters 1

Mark Templemore-Walters - Operations Director

Mark has an M.B.A. Marketing, from Oxford-Brookes University in the U.K, and an impressive 30 years of operations and logistics experience behind him, which includes working for SAB - and many years of consulting within the logistics, sales and marketing sectors. He has been with the company since 2009, earning him in-house awards of recognition for exceptional commitment and outstanding performance.

vivian van wyk

Vivian van Wyk - Financial Director

Vivian has held high-level financial positions within large corporates, including Barloworld and KPMG. En-route to qualifying as a Chartered Accountant, he completed his BCom (Accounting) and BAcc at Wits University. Vivian also completed the Gordon Institute of Business Science Leadership Development Programme in 2008. His vast corporate experience and ambitious work ethos brings valuable expertise to Cash Connect.

future growth

Futuregrowth Asset Management – (A division of Old Mutual)

Futuregrowth Asset Management manages approximately R126-billion worth of assets, and is dedicated to the development and empowerment of South Africa and its people.

revasan reddy

Revasan Reddy – General Manager (GM): Information Technology

Revasan earned his Diploma in Advanced Computer programming at Birnam Business College in 2001 and is currently completing a BCom – Informatics degree. With a number of years within the banking arena, during his time at FNB, Revasan was instrumental in the development of an award winning web-based reporting platform for the banking industry. His expertise forms a vital part of Cash Connect's service offering backbone.

Viveshinee Dhaver

Viveshinee Dhaver – Banking Services Manager

Viveshinee has worked her way through the ranks obtaining MAP program at Wits, and has completed her B Com, Financial Management at Unisa. With over 20 years' experience working in the cash and logistics industry, Viveshnee brings value-based management skills to the table, which encompass logistics, operations, HR, IR, supply and chain management.


Lauren Rayne – General Manager (GM): Sales & Services

Lauren comes from a background in the luxury goods industry spanning over 10 years. Her experience includes the management of Jewelers Network, a B2B trade publication and prior to joining Cash Connect, she took the sales and brand positioning of Citizen Watches South Africa to new heights in her role as Brand Manager. Lauren’s management style, entrepreneurial spirit and passion are the driving forces that have lead her sales teams to their success.


Pierre Liebenberg – General Manager (GM): Development and Manufacturing

With experience in the cash handling, management and movement industry spanning some 18 years, Pierre helped pioneer the electronic cash management systems industry in South Africa.  Pierre was the co-founder and MD of Deposit Manager (Pty) Ltd, a Cash Connect subsidiary which was acquired in 2010 by Cash Connect to provide Cash Connect with a specialised, in-house cash management solutions development and manufacturing capability.


Sumay Herbst - General Manager (GM): Marketing

Sumay obtained her Hons. BCom Marketing Management (RAU)(Cum Laude) in 2000 and her specialities include classical marketing, project management and operational implementation. She has broad experience in mainstream marketing in South Africa and Southern Africa. Prior to joining the Cash Connect team, she served as Head of Marketing at Sage Pastel Payroll & HR for 9 years.


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