By far the greatest proportion of the Cashbuild business's sales, amounting to ZAR 8.044 bn, were generated in South Africa. The P&L Hardware business in South Africa accounted for ZAR 1.136 bn and boasted the biggest growth rate by some distance of 18.5 per cent, while Cashbuild only grew by 3.3 per cent. The declared strategy of the corporate group of growing primarily through the expansion of P&L is not without reason, therefore. Sales in Namibia, Swaziland and Lesotho generated ZAR 607 mio (up 1.8 per cent) and those in Botswana, Malawi and Zambia yielded ZAR 421 mio (9.0 per cent).
5 per cent up
Cashbuild growth in 2017/2018 purely down to expansion
By far the greatest proportion of the Cashbuild business's sales, amounting to ZAR 8.044 bn, were generated in South Africa. The P&L Hardware business in South Africa accounted for ZAR 1.136 bn and boasted the biggest growth rate by some distance of 18.5 per cent, while Cashbuild only grew by 3.3 per cent. The declared strategy of the corporate group of growing primarily through the expansion of P&L is not without reason, therefore. Sales in Namibia, Swaziland and Lesotho generated ZAR 607 mio (up 1.8 per cent) and those in Botswana, Malawi and Zambia yielded ZAR 421 mio (9.0 per cent).