From R20,000 to R1.88 billion by selling tekkies
- Tekkie Town's founder Braam van Huyssteen started the company with R20,000 in cash in 1989 and it eventually reached a valuation of R1.88 billion in 2014.
- The company's growth was fueled by its ability to capitalize on the growing demand for affordable, branded shoes in South Africa, particularly among the black population, after the country transitioned to democracy.
- Tekkie Town's success is attributed to its founder's leadership and the company's decision to avoid debt, which gave it the freedom to pursue opportunities and achieve a 90,000 times return on investment.
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