JOHANNESBURG - Cashbuild is testing the waters in a higher-income pool.
The retailer of building materials has bought three Amper Alles stores in Gauteng and Limpopo by acquiring a 60 percent stake in Allbuildco.
Cashbuild reported an 18 percent increase in headline earnings per share for the six months that ended in December.
It reported a revenue increase of 3 percent to R6.3-billion.
However, the CEO of Cashbuild, Werner de Jager, says DIY demand in South Africa has been weak.