Hey Nomad, I just saw this, so sorry to hear it happened, but yes, it could've been a lot worse.  I've lost a couple of phones to bag-snatchers and it sucks.

Obligatory SA crime story:  The one time I got mugged there, the guy beat the crap out of me, I was covered with bruises and had headaches for weeks from where he hit me in the head.

Obligatory USA crime story:  But I know (personally) half a dozen people who've been killed in robberies or attempted robberies in the States, so it could all obviously be worse.

You handled it exactly right.