Richard Mukheibir

5th May 2017


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Full Name: Richard Mukheibir

Position: MD of Cash Converters Southern Africa

Main Activity of the Company: Cash Converters is an international franchise operation specialising in the buying and selling of preowned household goods and the provision of financial services in the form of small secured and unsecured short-term loans

Date and Place of Birth: May 28, 1961, Cape Town

Education: BCom (majoring in economics, accounting and information systems), University of Cape Town

First Job: Barman in the Arniston Hotel

Career History Prior to Current Position: After graduating from university, I joined the corporate information technology world. I found this frustrated my natural business inclinations and, in April 1994, I was eager to cosign with Peter Forshaw (now the company’s FD) for the master licence for Cash Converters in Southern Africa

Size of First Pay Packet: R650 a month

First Job with Present Group: Store owner/manager of the Parow store, the first Cash Converters store in Southern Africa

Value of Assets under Your Control: R300-million-plus in store assets. Cash Converters is a franchise organisation. This year, we plan to open our ninetieth store in Southern Africa. Our franchisees have reported double-digit growth over the past five years

Number of People under Your Leadership: With 90-plus stores in Southern Africa, Cash Converters has over 50 franchisees, which support over 1 000 employees and their families

Management Style: At Cash Converters, we live by our values. We are passionate about our business model, our franchisees and our customers

Personal Best Achievement: My family

Professional Best Achievement: The success of Cash Converters in Southern Africa

Person Who Has Had the Biggest Influence on Your Life: My parents

Person Who Has Had the Biggest Influence on Your Career: Brian Cumins, Cash Converters founder and former chairperson

Person You Would Most Like to Meet: Jim Morrison, lead singer of The Doors

Businessperson Who Has Impressed You Most: University of the Witwatersrand vice chancellor Professor Adam Habib

Philosophy of Life: It is what it is

Biggest Ever Opportunity: Cash Converters Southern Africa

Hope for the Future: That we continue our company’s mission of helping people get on with their lives

Favourite Reading: Books on leadership, politics, history, economics and other topical subjects

Hobbies: Fly-fishing

Favourite Other South African Company: Discovery Group

Favourite Foreign Company: Cash Converters International

Married: To Kathy

Children: Not stated

Clubs: Not stated

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor


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