Cashbuild wants to get into Zambia too

The South African trading company Cashbuild wants to expand into Zambia. The first store should be opened in Lusaka in March 2017. The competitor, Builders Warehoues (Masmart Group), has already had a store there since last year.
Cashbuild is following an expansion strategy by taking over, for example, such companies as P&L Hardware (Pty) Ltd. This transaction has now been approved by the Competition Tribunal and should go ahead in March 2016. "It further allows us the opportunity to continue our geographical footprint in other southern African areas", as CEO Werner de Jager commented on this action.

Cashbuild has recently excelled with high growth rates. The company sees itself as southern Africa's largest retailer of quality building materials and associated products, selling direct to a cash-paying customer base. It increased its revenue from July to December, the first six months of its fiscal year 2015/2016, by 13 per cent compared to the previous year. It turned over ZAR 4.509710 bn with its 228 stores.
Cashbuild's 15 new stores, opened after 1 July 2014, contributed three per cent of revenue growth, the existing 213 stores contributed eleven per cent. From July to December 2015, Cashbuild opened six new stores, seven stores were refurbished and one store relocated. The DIY pilot continues with ten Cashbuild DIY pilot stores, which are not included in the above 228 stores number.