In a vote of confidence for SA’s embattled building sector, Cashbuild has agreed to buy Pepkor’s The Building Company (TBC) for almost R1.1bn — a move it says will improve its retail presence in SA’s coastal regions.

The acquisition would almost double Southern Africa’s largest building retailer’s revenue, with CEO Werner de Jager saying the acquisition would also give Cashbuild additional access to SA middle- to high-income consumers...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now