Money Moves February 14, 2018 at 06:17 am

Top 5 companies in Africa with over $10 million turnover

Mildred Europa Taylor | Head of Content

Mildred Europa Taylor February 14, 2018 at 06:17 am

February 14, 2018 at 06:17 am | Money Moves

Steinhoff — TIMES Live

Steinhoff International Holdings (South Africa) – $17,304,461

The South African International retail holding company has more than 40 local brands in over 30 countries in Europe, Africa, Asia, the United States, Australia and New Zealand. Dual listed in Germany, the company deals mainly in furniture and household goods.

Founded in 1964 by Bruno Steinhoff in Westerstede, Germany, the company employs about 90,000 employees. Sixty percent of the company’s revenue and two-thirds of its benefits are made in Europe. Steinhoff’s South African brands include Ackerman, Buco, Dunns, Flash, HiFi Corp, Incredible Connection, John Craig, Pennypinchers, Pep, Refinery, Russels, Shoe City, Tekkie Town, Timbercity and Unitrans.  Powersales is another African Steinhoff brand. In the UK, the company owns the high street brands Bensons for Beds, Cargo, Harveys Furniture, Pep&Co, Poundland and Sleepmaster.

In the Republic of Ireland, Steinhoff operates Dealz and Pep&Co. Steinhoff’s European brands include Conforama, Kika, Leiner, Pepco and Poco. In Australia and New Zealand, Steinhoff Asia Pacific Holdings operates brands including Bay Leather Republic, Best & Less, Freedom (formerly trading as Freedom Furniture), Harris Scarfe, MOZI, Postie, Snooze.

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