The load of South African money looted by the fiery masked men, got every one running helter-skelter for their lives. The drama unfolded just before 10am on the corner of Klipfontein and Carnier Roads, known as Rawoot’s Square, in Rylands.

The two guards were delivering cash to ATMs when they were ambushed by five armed robbers.

Available video clip shows a group of people running away as three suspects rush to the van.

The one suspect recklessly shoots into the van, before the suspects drag the guard out and kick him while searching his body.

The suspects then remove several cash bags from the van while the guard lies motionless on the ground.

Police say the thieves, dressed in casual clothing with caps on their heads, then jumped into a silver Audi and sped off.

Police spokesperson Sergeant Noloyiso Rwexana says one guard died at the scene while the other was rushed to a nearby hospital.

She explains: “A cash-in-transit robbery case has been opened for investigation.”

“According to reports, security personnel were delivering money to various ATMs when about five unidentified suspects approached them.”

“Two men, both aged 44 years were shot, one was fatally injured and the other injured and transported to hospital for treatment.”

“The suspects fled the scene in a Silver Audi with an undisclosed amount of money.”

Speaking to the Sunday Argus, Mark Barrett, CEO of SBV Services SA , said they were offering a R1m reward for information which could lead to successful arrests and convictions of the robbers.

If you have information about the incident, please contact the SBV Early Warning Robbery Hotline on 083 408 7029.