A cash-in-transit security guard in front of a supermarket in Welgelegen in Panorama was shot by a gang of robbers while his colleagues went to collect money at a shop.
The wounded guard, who later died, rushed through the garage at a nearby property after being shot.
Police have launched a large-scale search for the suspects and no one has been arrested yet.
Provincial police spokesperson Novela Potelwa said the robbery was around 06:45 and police do not know exactly how many robbers were part of the attack.
“After the guard was shot, he drove away and crashed into a nearby house. Another security guard was injured at the entrance of the store, “said Potelwa.
According to Potelwa, the suspects looted a significant amount of cash and fled in a black Corsa, which was stolen in Khayelitsha in June this year, and a white Volkswagen Golf GTI.
Police are investigating cases of murder, attempted murder and business robbery.