Streaming issues? Report here
Aubrey Masango 2019 BW Aubrey Masango 2019 BW
The Aubrey Masango Show
20:00 - 22:00
volume_up
volume_mute

Up Next: Best of CapeTalk
See full line-up
The Aubrey Masango Show
20:00 - 22:00
Home
arrow_forward
Business

Cashbuild acquires Pepkor's building company for just over R1b

4 August 2020 7:39 PM
Tags:
The Money Show
Bruce Whitfield
Pepkor Holdings
pepkor
Cashbuild
Werner de Jager
The Building Company

'We still believe in the future of the economy' - CEO Werner de Jager explains why Cashbuild is taking on debt to clinch the deal.

It's not all doom and gloom for business out there - building materials retailer Cashbuild is buying The Building Company from Pepkor for just over R1 billion.

The Money Show gets the lowdown from Cashbuild CEO Werner de Jager.

Cashbuild is R10 billion turnover; The Building Company R8.2 billion... so yes, it's fairly sizeable for us.

Werner de Jager, CEO - Cashbuild

We will take on debt financing. Cashbuild has historically had a debt-free balance sheet and we always said that we will take on some debt if we find a good asset for the business and that will add long-term value for us.

Werner de Jager, CEO - Cashbuild

De Jager explains what made this such an attractive deal for Cashbuild:

It's part of our strategy - it gives us access to a broader market that we have not been serving currently... From a footprint perspective, under-represented areas for us, Western Cape, Kwazulu-Natal and the Eastern Cape...

Werner de Jager, CEO - Cashbuild

It's obviously not something that's an opportunistic buy... We still believe in the future of the economy and there's a big housing backlog, so we still believe we need to invest and there's a good runway for our products in the future.

Werner de Jager, CEO - Cashbuild

For more detail on Cashbuild's plans, take a listen:


This article first appeared on 702 : Cashbuild acquires Pepkor's building company for just over R1b


4 August 2020 7:39 PM
Tags:
The Money Show
Bruce Whitfield
Pepkor Holdings
pepkor
Cashbuild
Werner de Jager
The Building Company

More from Business

kevin-lings-croppedjpg

I love economics. It’s part of me - Kevin Lings (Chief Economist, Stanlib)

28 September 2020 8:12 PM

Kevin Lings (Chief Economist, Stanlib) opens up about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Funky hipster retired older mature couple 123rf 123rfbusiness retirement

How to secure your retirement - Bruce Cameron (retired editor, Personal Finance)

28 September 2020 7:24 PM

Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.

Share this:
Read More arrow_forward

Small grey house wooden 123rf 123rfbusiness 123rflifestyle

All houses in South Africa can and should be built with wood – study

28 September 2020 6:49 PM

SA needs homes. Plenty of them. They can and should be constructed with wood, says Phillip Crafford (Stellenbosch University).

Share this:
Read More arrow_forward

Nomvula Mokonyane

300 days of Zondo: 'We’ve learned it’s cheap to bribe a politician'

28 September 2020 6:25 PM

For 300 days, punch-drunk South Africans have been learning just how bad corruption is in the country, says Ferial Haffajee.

Share this:
Read More arrow_forward

Ecstasy mandy mdma 123rf 123rflifestyle

Decriminalise the use of recreational drugs – Department of Social Development

25 September 2020 3:37 PM

"It’s time to stop arresting drug users," Deputy Minister of Social Development Hendrietta Bogopane-Zulu told the UN this week.

Share this:
Read More arrow_forward

Elon Musk on the cover of Newsweek 123rfbusiness 123rf 123rflifestyle

Elon Musk is R1.1 trillion richer than at the start of the pandemic

25 September 2020 2:08 PM

The Pretoria native is having an excellent pandemic – much like his über-rich peers.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Money lessons Covid-19 taught – heed them for a brighter, wealthier future

25 September 2020 10:44 AM

Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.

Share this:
Read More arrow_forward

Deputy Chief Justice Raymond Zondo at the state capture inquiry

'It’s sad and awful! Judge Raymond Zondo sounds resigned and defeated'

25 September 2020 9:17 AM

"Zondo’s comments at the end of the hearing; it was just so bleak! A sombre, grim end to a day," says journalist Erin Bates.

Share this:
Read More arrow_forward

cashless-paymentjpg

'SA cash economy about 60% of GDP, moving that to digital would be huge saving'

24 September 2020 8:39 PM

The Covid-19 pandemic's moving us towards a cashless society. Arabile Gumede interviews Ukheshe co-founder, Clayton Hayward.

Share this:
Read More arrow_forward

Small business owners entrepreneurs entrepreneurship 123rf 123rfbusiness

Retail Capital injects R500m into economy through Covid-relief for SMEs

24 September 2020 7:41 PM

'Smaller businesses have largely been ignored'. Arabile Gumede interviews Retail Capital CEO Karl Westvig.

Share this:
Read More arrow_forward