Mr Tekkie opens three branches ahead of its court battle with Pepkor (Steinhoff)
Following the Steinhoff saga, former owners of Tekkie Town and their employees have come together to set up a rival shoe business called Mr Tekkie.
CapeTalk's Kieno Kammies spoke to former CEO of Tekkie Town, now co-founder of Mr Tekkie, Bernard Mostert.
He says a lot of people have lost a lot of money in the Steinhoff accounting irregularities that wiped off 95% off its share price.
Pepkor, Steinhoff's retail business, has filed a court order against its former employees at Tekkie Town to prevent them setting up Mr Tekkie, a rival operation.
The matter will be heard on Tuesday in court and Mostert says they are ready to defend themselves.
Our case is unique in that we do have a case that dates back to May 2018 against Steinhoff to recover the business that was defrauded from us.Bernard Mostert, former CEO of Tekkie Town, now co-founder of Mr Tekkie
Mostert says they are not backing down on this matter and they "will do what they have to do to earn a living". He says Mr Tekkie opened three branches last week and he reports they are doing very well.
We need to do something to earn a living and we need to do something to apply our skills - the skills that we have built up over many years.Bernard Mostert, former CEO of Tekkie Town, now co-founder of Mr Tekkie
To hear the rest of the conversation with Bernard Mostert, listen below:
This article first appeared on CapeTalk : Mr Tekkie opens three branches ahead of its court battle with Pepkor (Steinhoff)
Bruce Whitfield and personal finance expert Warren Ingram get to grips with why perhaps you shouldn't, if you didn't...Read More
If you can't afford to buy a property, no matter. 'Landlord GO' allows you to become a tycoon in the Mother City, or elsewhere.Read More
Inverroche Distillery spearheaded a 'gin revolution' in SA. Lorna Scott details the wide-reaching effects of the alcohol ban.Read More
Namibia's government assisted Covid-hit retailers, but SA doesn't understand how the industry works says Reggie Sibiya (FRA CEO).Read More
Yes, restaurants are struggling, but that doesn't make it ok to shortchange staff says Wendy Knowler on The Money Show.Read More
Tax expert Thamsanqa Msiza (Tax Consulting South Africa) tells The Money Show what taxpayers need to check and be aware of.Read More
The wheels may be coming off for the substance gets us around the worldRead More
The Money Show's Bruce Whitfield interviews Kevin Lings, chief economist at Stanlib Asset Management.Read More
Since it launched in May, the scheme's helped only 6.6% of businesses it targets. Will recent changes lead to improvement?Read More
Branding expert Andy Rice explains why NetFlorist's radio campaign is his advertising hero of the week.Read More