Double-digit growth at Cashbuild

The South African building materials and DIY chain Cashbuild increased its sales in the first quarter (July to September) of its current fiscal year by ten per cent. The 18 new stores opened within a year were responsible for six per cent of the increase in sales, with existing stores generating four per cent of the growth.
South Africa is the company’s most important market, accounting for 87 per cent of sales. Cashbuild operated 190 stores here as of the end of the quarter. Swaziland (seven stores) and Botswana (ten stores) respectively accounted for four per cent, while Lesotho (five stores) and Namibia (three stores) contributed two per cent each. The two outlets in Malawi accounted for one per cent of sales growth.