Two South Africans built Tekkie Town from to a $197 million company, then Steinhoff wiped it all out
Billionaires Africa | 01.09.2026 22:58
Braam van Huyssteen started Tekkie Town in 1989 with R20,000 ($1,230) and no external funding. He never borrowed a cent. By the end of 2013, that original capital had grown to R1.88 billion ($115.6 million), a return of approximately 90,000 times the starting investment. By 2016, the business had expanded to approximately 220 stores and sold to Steinhoff, then one of South Africa's largest retail groups, for R3.2 billion ($196.9 million).
