Cash Converters Southern Africa was co-founded in 1994 when Richard Mukheibir (Chief Executive Officer) and Peter Forshaw (Chief Financial Officer) bought the licence to establish a master franchise of the Australian brand, the world leader in trading and marketing second-hand goods and now the world’s largest cash and asset converter. Cash Converters Southern Africa purchases merchandise from customers, enabling them to have instant access to cash. Since 2007, it has also offered short term loans against a customer’s valuables or against their salary.  Cash Converters Southern Africa is built on a solid foundation of franchisee owner operators, guided by core values of passion, professionalism, integrity, respect and collaboration. It has already empowered nearly 100 franchisees to run their own businesses and create their own wealth. Each franchise store, in turn, provides job opportunities for an average of 12 employees, each supporting about five other people. This network of businesses is supported by robust processes and systems and ongoing training programmes for franchisees and staff.

Dynamic growth of up to 20% per annum has created more than 85 Cash Converters franchise stores in Southern Africa (as at 1 January 2018). These stores process over 2.2 million transactions a year and have a combined annual turnover in excess of R1.4bn across all products and services.

They are part of the rapidly expanding Cash Converters International network of 740 stores around the world. These can be found in such diverse countries as Australia, the founding country, the United Kingdom, Singapore, New Zealand, the UAE, as well as France. Cash Converters Southern Africa was a finalist for the Franchise Association of South Africa Franchisor of the Year Awards in 2014, 2015 and 2016.

Retail

Trading & Exchanges

Cash Converters Southern Africa

Cash Converters Southern Africa's headquarters in Midrand, South Africa

This department focuses on designing, coding, testing, and maintaining software applications.

Software Development

The Finance and Accounting team at Cash Converters Southern Africa is responsible for managing the company's financial performance and ensuring compliance with regulations. They oversee financial reporting, budget management, and cash flow analysis to support the organization’s growth and profitability. Additionally, this team plays a crucial role in optimizing financial processes, managing collections, and providing crucial insights that guide strategic decisions across franchise stores.

Finance and Accounting

The Marketing and Sales team at Cash Converters Southern Africa focuses on driving brand awareness and customer engagement through strategic marketing initiatives and sales strategies. This team develops innovative campaigns that highlight the unique value of buying and selling second-hand goods, while also promoting short-term loan services. By leveraging digital marketing tactics and optimizing retail sales processes, they aim to enhance customer experience, boost franchise sales, and support the growth of the Cash Converters network across Southern Africa.

Marketing and Sales

The Software Development and Testing team at Cash Converters Southern Africa is responsible for designing, developing, and maintaining software applications that enhance operational efficiency and improve customer service. They collaborate closely with project managers to ensure that new features and functionalities are thoroughly tested and meet quality standards before deployment. Utilizing agile methodologies, the team contributes to the continuous improvement of the company's technology infrastructure, supporting its dynamic growth and robust service offerings.

Software Development and Testing

This department manages employee relations, talent acquisition, and organizational development.

Human Resources

The Leadership Team at Cash Converters Southern Africa is responsible for steering the company's strategic direction and operational efficiency. Comprising the CEO, CFO, and COO, this team focuses on driving growth, enhancing franchisee support, and ensuring financial sustainability while fostering a culture of integrity and collaboration across the organization. Their leadership is pivotal in expanding the franchise network and optimizing processes to maintain high service standards and customer satisfaction.

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People (4)

Jobs (0)

Other teams

Finance and Accounting

Marketing and Sales

Software Development and Testing

Human Resources

Leadership Team

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People (4)

Jobs (0)

Other teams

Finance and Accounting

Marketing and Sales

Software Development and Testing

Human Resources

Leadership Team

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