CHRIS GILMOUR: Cashbuild has overall been a stable and consistent performer
Financial 2022 was a tough year for the group and it ended up going backwards in a number of key metrics
Founded by the late Albert Koopman, Cashbuild was established in 1978 as a building materials cash-and-carry wholesaler catering specifically to the low-income consumer market. The company was started as a wholly owned subsidiary of Metro Cash and Carry.
The first store opened in King William’s Town in December 1978. Since then, Cashbuild has continued to open new stores under the direction of a board of directors. In 1986 the company listed on the JSE within the wholesale and retail sector. In 1995 the decision was made to move from wholesale to the retail business Cashbuild is today. Cashbuild is now one of the largest retailers of building materials in Southern Africa...
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