A warehouse owned by billionaire Johann Rupert was robbed and the brazen thieves made off with jewellery that has a retail worth of R300 million. This includes watches, diamond necklaces and earrings.
The police are looking for an unconfirmed number of suspects after R300 million's jewellery has been stolen out of a warehouse that belongs to Richemont group, owned by billionaire Johann Rupert.
(The jewellery's worth is estimated R50 million and their retail value is in the region of R300 million.)
As reported on by Sunday Times, the warehouse is situated in Bryanston, Johannesburg, and was robbed on Friday night, 9 August.
Captain Mavela Masondo, police spokesperson, said the suspects had pistols on them and they kept the security guards at gunpoint.
It is reported the suspects then broke the building's security doors and took their loot, which includes earrings, diamond necklaces and watches.
Briefly.co.za gathered that a case of business robbery has now been opened and the police are searching for the suspects.
According to News24, the warehouse belongs to a subsidiary of Rupert's company, Richemont, RLG Africa.
There are already many suspicions about the robbery, as the building's CCTV cameras were not working during the robbery, reported The South African.
Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!