Cashbuild is the largest retailer of building materials and associated products, selling directly to cash-paying customers through its 318 (and growing) stores in South Africa, Namibia, Lesotho, Botswana, Eswatini and Malawi. Cashbuild, which employs 6 046 people, comprises Cashbuild Limited and the operating subsidiaries registered in the abovementioned countries. Cashbuild is the first choice retailer in its chosen field in all the regions in which it operates. It achieves this by carrying a focused, in-depth, quality product range at the most competitive prices to meet the needs of the local market for homebuilders, home improvers, contractors, farmers, traders and any persons wanting to purchase our quality building materials for cash.
Cashbuild shares have been listed on the JSE Securities Exchange since 1986.
Vision
Our vision is to be the preferred retailer and integrated supplier of building materials, associated products and services across all market segments in selected countries.
Mission
We are the preferred retailer and integrated supplier of building materials, associated products and services, through chosen brands, across all market segments in selected countries.
We conduct business in a socially and environmentally responsible manner and continuously seek to maximise returns to all our stakeholders through:
- Our ability to understand our customers and markets, which enables us to offer a focused range of products and services suited to the specific needs of each of these markets;
- Our mutually beneficial relationships with our suppliers, substantial buying power and ability to control costs, which enables us to offer quality, best value products and services at convenient locations, to all our customers;
- Our progressive human resources practices, which promote a challenging and productive working environment and ensures that all our people develop to their fullest potential and are recognised and rewarded for outstanding performance;
- Improving the lives of people where we trade, by providing best value products and services, offeringemployment opportunities, promoting enterprise development and supporting selected community projects;
- Optimally utilising all our resources and applying industry and technology best practices through the Cashbuild Way, thereby providing superior, sustainable financial returns to our shareholders.
Values
- We follow through to be successful.
- We strive to do it right first time, every time.
- We aim to deliver exceptional service and total customer satisfaction.
- We take pride in what we do and show respect and honesty in all our dealings.
- We empower, recognize and reward our people.
- We follow through to be successful.
- We manage and improve our business through The Cashbuild Way.
Our Commitment
Quality and dependable customer service
- Lowest prices guaranteed every day. If you find the same item cheaper and in stock somewhere, we will refund you the difference.
- All our advertised lines are always in stock. If you find that any of our advertised lines are not in stock we will obtain it for you within 48 hours and reduce the advertised price by 20% (except bricks).
- We have a dependable delivery service. Cashbuild brings quality building materials to the community.
Our People
WF De Jager
Chief Executive
CA (SA)
Nov 30, 2004
Completed his board exam in 1994 and completed his articles with PwC. On 1 December 2004 he joined Cashbuild as the Financial Director, with 10 years working experience specifically in the retail sector. On 1 March 2011 he was appointed as the Marketing and Procurement Director. On 1 March 2012 he was appointed as the Chief Executive.
SA Thoresson
Chief Operating Officer
Mar 26, 2007
Has 24 years retail operations experience, Fifteen years operating in the neighbouring countries and joined Cashbuild in August 2005. He was appointed Operations Director on 27 March 2007. On 1 January 2025 he was appointed Chief Operating Officer.
W Van Aswegen
Commercial and Marketing Director
CA (SA)
Apr 1, 2018
Has been appointed to the board as executive director responsible for Commercial and Marketing, with effect from 2 April 2018. He obtained his CA(SA) qualification in 1994 and completed his articles with PwC. Wimpie joined Cashbuild in April 2008 and has been responsible for various functions, with the last 6 years as Procurement Executive.
H Bester
Chief Financial Officer
CA(SA), MCom (SA & International Taxation)
Jul 1, 2024
Hanré completed his articles at PricewaterhouseCoopers in 2003 where he also specialised in taxation as a multi-disciplined tax practitioner. Prior to joining Cashbuild as the Chief Financial Officer, he held senior finance positions in the distribution & warehousing sectors of the Building & Construction industry as well as Information & Communications Technology (ICT) industry.
AGW Knock
Chairman
Pr Eng (ret), BSc Eng. (Hons), MSc (Eng); MDP
Jun 30, 2011
Former non-executive board member of Mining SETA; Chairman of the SAP Africa User group NPA; Chairman Minerals and Mining Standards Generating Body; Council member Association of Mine Managers.
Dr DSS Lushaba
Independent Non Executive Director
BSc Adv. Biochemistry (Hons), GDip (Co Dir), PGD (Digital Marketing), MSc, MBA, DBA, CD(SA).
Jun 30, 2011
A facilitator of Corporate Governance Programmes at the Institute of Directors in South Africa. Directorships include Don’t Waste (Gau 1-6) and GVSC Communications South Africa. Past directorships include Harmony Gold Limited; Spescom Limited; Cricket SA; South Africa Day NPC; Rand Water; TCTA; Water Research Commission; and Managing Director of Talent Growth Partners.
GM Tapon Njamo
Independent Non Executive Director
CA (SA)
Apr 1, 2018
Gloria is an experienced executive who has held different senior roles in various companies. Her recent experience is that of CFO for GE Transportation Africa where, in addition to the normal financial function oversight, she ran commercial finance functions. Her non-corporate experience includes being a speaker/mentor to FNB Women in Business. She is currently the Head of Investor Relations at Santam.
M Bosman (Mr)
Independent Non Executive Director
B Acc Hons CA (SA)
Feb 28, 2019
Former Chief Financial Officer of Shoprite Holdings, and served on various Shoprite group subsidiaries. Marius is a director and Chairman of Shoprite Insurance Company.
M Bosman (Ms)
Independent Non Executive Director
B.ACC (Hons) (UJ), CA(SA)
Jul 31, 2021
Melanie runs a consulting practice focused on financial services. She is also a non-executive director of Escap SOC Limited (a subsidiary of Eskom) and Land Bank Insurance Company and Land Bank Life Insurance Company SOC Limited. She is a former board member of Credit Guarantee Insurance Corporation of Africa.
AJ Mokgwatsane
Independent Non Executive Director
Integrated Marketing and Communications Diploma (AAA School of Advertising), SAB Management Development Programme, Vodacom Leadership Development Programme (IE University)
Jul 31, 2021
Abey is the Managing Executive for Brand and Communications of the Vodacom Group. His previous roles include that of CEO of Ogilvy South Africa and of the VWV Group. He is also a Board member of the Vodacom Foundation and the Marketing Association of South Africa.
Recognition And Awards
Cashbuild is dedicated to the growth and advancement of its staff and promotes self-drive and proactivity. A commendable job is acknowledged and outstanding achievements are duly rewarded. Colleagues nominate employees for the prestigious "Employee of the Month" accolade at every store. Remarkable individual performance is acknowledged at the yearly Hall of Fame Banquet, where nominees are selected by a committee elected for this purpose. Employees are given bonuses for their exceptional performances.
Why work at Cashbuild
One exceptional performer looking for another, join our winning team. We have consistently grown revenue and operating profit, and we won't be slowing down. Cashbuild is Southern Africa's leading retailer of mass building materials, home improvement and related products. With 318 stores (and growing) in South Africa and neighbouring countries offering fantastic career growth opportunities for dynamic, result-orientated operational and support office staff. Cashbuild is recognised as a 'Best Company to work for'.
Training and Development
Cashbuild's training and development initiatives ensures that all employees are trained for their current job as well as developing potential for future growth and personal development, thus allowing for continued employability in an ever changing world. The training and development strategy is based on a tiered approach allowing for career path planning and growth.
Cashbuild has a Broad-Based Black Economic Empowerment Rating of a Level 7 Contributor.
Cashbuild has an approved employment equity plan.
Through a process of consultation, the Employment Equity Committee (EEC), consisting of employees and managers; developed the Employment Equity Plan. We continue to reach and exceed our goals.
The philosophy of having all staff share in the success of the Group, and in so doing create a sense of belonging and ownership, is embodied in the Cashbuild Empowerment Trust to which all permanent staff, irrespective of seniority or length of service, belong. Additionally, it aligns the goals of staff with those of the shareholders. This Trust owns 1 764 999 shares, 7.06% of the issued share capital at 27 June 2021, unchanged from 2020. Dividends are paid twice per year to all members of the Trust on an equal basis. In the last financial year, a total of R17.2 million (2020: R12.0 million) was paid and shared between all permanent members of staff. Since inception in 2005, the Trust has disbursed a total of R285,2 million to staff.
As part of Cashbuild’s commitment to making a positive contribution to every community in which it trades, Cashbuild embarks on various local community initiatives in order to support local development and foster relationships within each store’s community.
Some the initiatives are Glass Cutting and Delivery Services, whereby Cashbuild makes use of local delivery drivers and glass cutters which are all either 100% black owned or black individuals.
Local Glass Cutters are given the opportunity to “set up shop” at each Cashbuild store. Whilst they are not directly employed by Cashbuild, Cashbuild advertises their services and allows them to operate from the Cashbuild premises, benefit from Cashbuild’s customers without incurring any costs or rental. Not other does this improve individuals within the local community but also provides a convenience for customers as they can purchase glass and then have it measured and cut to size at Cashbuild.
Cashbuild provides our customers with free local delivery. Delivery in excess of certain demographics are charged at competitive rates. Cashbuild does not have its own fleet of vehicles, but makes use of local delivery contractors who either reside or operate within the local community. This provides not only a service to customers but also employment opportunities for the local community.
Cashbuild manages the deliveries on behalf of the customers and customers pay Cashbuild directly. Cashbuild negotiates with the local delivery contractors in terms of pricing, servicing and to ensure the customer’s expectations are met.
Each store determines its own unique catchment areas and requirements, based on local market knowledge.
Cashbuild assumes responsibility for the success of the delivery system and also advertises this extensively in all advertising media.
It is in line with the above that Cashbuild manages to ensure a Broad-Based Black Economic Empowerment Rating of a Level 7 Contributor with a score of 59.05%.
