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)