SA’s biggest building materials retailer Cashbuild is expecting headline earnings to drop almost a third in its 2022 financial year with the Covid-19 home-improvement boom waning.
This comes a day after it flagged a double-digit revenue fall for its half-year to end-June partly as a result of the July 2021 riots...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
It's going to get worst because there are just too many hardware stores popping up everywhere by Pakistani foreign nationals who are also buying in syndicates to compete with Cash build and the likes
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