Over 15 heavily armed men blew up the van on the R21, near St George’s Hotel on Monday and made off with an undisclosed amount of money.
A Porsche, silver Ford Ranger, white VW Amarok and three BMW’s were used in a cash-in-transit heist.
The van was forced to a standstill and the two men driving cooperated with the robbers and laid on the ground.
Explosives were used to blow open the side of the vehicle where the robbers stole the money from.
Hi-Risk Unit spokesperson Gareth Pahl, said the men, travelling in different vehicles, open fire at the cash-in-transit vehicle that was travelling back from a nearby shopping centre.
Police arrived shortly after the men drove away.
“A dog unit and bomb squad were deployed to the scene,” Pahl said.
No arrests have been made, police are still investigating.