About Us
- ACQUISITION OF WHITE STUFF
-
- FRANCHISE AGREEMENT WITH JD SPORTS
- LAUNCH OF RIVERFIELDS DISTRIBUTION CENTRE
- STREET FEVER ACQUIRED
- BASH.COM LAUNCHED
- TAPESTRY HOME BRANDS ACQUIRED: Coricraft, Dial-a-Bed, The Bed Store and Volpes.
- DUESOUTH & DUESOUTH ESCAPES CLOSED
- TFG LABS LAUNCHED
- FLAT CIRCLE ACQUIRED
- GRANNY GOOSE & COTTON TRADERS ACQUIRED
- TYMEBANK PARTNERSHIP
- QUENCH ACQUIRED
- DUESOUTH ESCAPES LAUNCHED AS STAND-ALONE BRAND (Previously included in Duesouth)
- SNEAKER FACTORY & RFO BRANDS LAUNCHED
- JET STORES ACQUIRED
- GALAXY & CO LAUNCHED ONLINE ONLY
- PURE PLAY BRAND
- RELAY JEANS LAUNCHED AS STAND-ALONE BRAND (Previously included in Markham)
- MAT & MAY CLOSED
- SODA BLOC INCORPORATED WITHIN FOSCHINI STORES
- HOBBS ACQUIREDS
- RAG ACQUIRED
- DONNA CLAIRE REBRANDED AS DONNA
- EXPANSION OF TFG PRESTIGE CALEDON FACTORY
- DAMSEL IN A DRESS ACQUIRED
- 2015: RCS GROUP DISPOSAL PHASE EIGHT ACQUISITION
- WHISTLES ACQUIRED
- FASHION EXPRESS RE-BRANDED AS THE FIX
- FRANCHISE RIGHTS FOR NEXT ACQUIRED
- FRANCHISE RIGHTS FOR COLETTE ACQUIRED
- SODA BLOC LAUNCHED
- 2014: LUELLA INCORPORATED WITHIN FOSCHINI STORES
- 2013: MATRIX REBRANDS AS MAT & MAY
- 2012: PRESTIGE CLOTHING ACQUIRED, HI LAUNCHED
- 2011: FABIANI ACQUIRED, CHARLES & KEITH FRANCHISE PARTNERSHIP, FRANCHISE RIGHTS FOR G-STAR RAW IN SA ACQUIRED
- 2010: FOSCHINI LIMITED CHANGED TO TFG LIMITED
- 2005: @HOME & LIVINGS PACE LAUNCHED, LUELLA LAUNCHED
- 2004: DUESOUTH LAUNCHED
- 2001: @HOME LAUNCHED, FASHION EXPRESS LAUNCHED
- 2000: MATRIX LAUNCHED, TOTALSPORTS ACQUIRED
- 1999: PAGES REBRANDED TO EXACT
- 1996: SPORTSCENE ACQUIRED
- 1994: DONNACLAIRE LAUNCHED
- 1993: STERNS ACQUIRED
- 1969: PAGES LAUNCHED
- 1968: MARKHAM ACQUIRED
- 1967: AMERICAN SWISS WATCH COMPANY ACQUIRED
- 1958: STANLEY LEWIS BUYS MAJOR SHAREHOLDING
- 1941: LISTED ON THE JSE
- 1924: FOUNDED
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Chief Executive Officer
A E Thunström
Executive Director
BCom (Hons Acc), CA (SA)
Anthony, our CEO, joined the Group in 2015 as CFO and assumed the position of CEO in September 2018. Prior to this, he had 21 years’ professional services experience, during which he held various local and international leadership positions.
Appointed to Operating Board: 2015
Chief Financial Officer
Ralph Buddle
Executive Director
CA (SA)
Ralph joined the Group as Head of Finance & Advisory from September 2023, and was appointed CFO, effective 1 April 2024. He is an experienced senior finance executive with extensive retail experience. Ralph previously served as the interim CFO of Oceana Group Limited, and as Director of Strategy & Business Development at Woolworths Holdings Limited.
Appointed to Operating Board: 2024
Non-Executive Director
Michael Lewis (67)
Chairman of the Board
BA (Econ) (Hons)
Michael has more than 35 years’ experience in the investment management and retail sectors. He is the chairman of Strandbags Holdings Proprietary Limited (Australia), which includes the Antler travel products group, and Oceana Investment Corporation Limited (UK). He is also a director of UTB Partners Limited (UK). Michael served on the supervisory board of Axel Springer AG (Germany) and on the board of Cheyne Capital Management LLP (UK). He previously worked at fund managers Ivory & Sime and Lombard Odier.
Appointed to the Supervisory Board: 1989
Lead Independent Non-Executive Director
Graham Davin (69)
BCom, BAcc, CA (SA), MBA
Graham is a chartered accountant and a career banker with extensive international financial and broad business experience. He is the Deputy Chair of United Trust Bank, a specialist UK credit provider. Graham qualified with Arthur Andersen in Johannesburg and joined Investec Bank after an MBA at UCT. He was a director of Investec Bank for 16 years and of Bank Insinger de Beaufort N.V., a Dutch private bank. He was responsible for listing Investec on the JSE and Insinger on the Luxembourg Stock Exchange. In 2003, after moving to London, Graham led the management buyout of United Trust Bank, a fast-growing UK specialist bank of which he was CEO for 17 years.
Appointed to the Supervisory Board: 2015
Independent Non-Executive Director
Colin Coleman (63)
BA (Architecture)
Colin is currently a non-executive director of The Foschini Group Ltd, Co-Chairman of the Youth Employment Service (“YES”), and a non-resident Senior Fellow at the Atlantic Council, a Washington D.C. headquartered nonpartisan think tank.
He was CEO, Sub-Saharan Africa, of Goldman Sachs up until his retirement at the end of 2019 and head of its South African business from when he joined in 2000, and head of its Investment Banking division for Sub-Saharan Africa. He was named a partner of Goldman Sachs in 2010.
Colin was an anti-apartheid activist and deeply involved in South Africa’s constitutional transition and negotiations from apartheid to democracy. He also served as a business leader on the boards of Business Leadership South Africa, the National Business Initiative and the Steering Committee of the CEO Initiative.
In 2024, he served as an Adjunct Associate Professor of Business at the Columbia Business School and previously, in 2020, served as a senior fellow and lecturer at Yale University’s Jackson Institute for Global Affairs. He was also a Distinguished Fellow at INSEAD Business School, hosted by their Africa Initiative.
Appointed to the Supervisory Board: 2020
Independent Non-Executive Director
David Friedland (72)
BCom, CA (SA)
David is a chartered accountant with extensive audit experience from a broad range of listed retail companies. He served as international partner at Arthur Andersen from 1990 and was a partner at KPMG from 2002. David was head of Audit and Risk at KPMG (Cape Town) and was the lead audit partner for several listed companies. In 2013, he retired and was appointed to the boards of Investec Limited, Investec plc and Pick n Pay Stores Limited. David retired from the boards of Investec Limited and Investec plc in August 2022 and from the board of Pick ‘n Pay Stores Limited board on 5 August 2025.
Appointed to the Supervisory Board: 2013
Independent Non-Executive Director
Bridgitte Backman (63)
Also a director of South African listed companies: Astral Foods Limited
BSc (Chemistry), MBA
Bridgitte is a seasoned business leader who has extensive expertise across a range of industries and functions including FMCG, Energy (Oil and Gas), Development Finance, Corporate and Shared Services, Sustainability, Governance, Risk, Compliance, Corporate Affairs, Public Policy, Innovation, Supply Chain, Elections Management and People Management.
She has also served as Deputy Commissioner at SARS, responsible for Corporate and Enterprise Services; and as a board member on the UN Global Compact, South Africa. She currently serves as a Visiting Fellow at the Saïd Business School, University of Oxford.
Appointed to the Supervisory Board: 2025
Independent Non-Executive Director
Boitumelo Makgabo-Fiskerstrand (51)
Chairman of the Social & Ethics Committee
BA (International Relations)
Tumi Makgabo is the Founder and Group Managing Director of The Ogese Group which has interests spanning strategic advisory and media, investment, and real estate. Established over two decades ago, The Ogese Group operates from its headquarters in Johannesburg, South Africa, with presence in Washington DC and Dubai. Tumi is reading toward an LLM in International Business Law, with a dissertation examining AI liability attribution and enforcement. Her research represents some of the first postgraduate scholarship of its kind. Tumi has chaired sessions at the World Economic Forum, the African Development Bank and the European Commission, and was selected as a member of the World Economic Forum's Young Global Leaders - an honour extended to fewer than one hundred individuals globally each year. She is also the former Head: International Relations and Communications for the 2010 FIFA World Cup Organising Committee.
Appointed to the Supervisory Board: 2012
Non-Executive Director
Eddy Oblowitz (68)
Also a director of a South African listed and public companies: Fortress Real Estate Investments Limited, Trencor Limited and BNP Paribas Personal Finance South Africa Limited.
BCom, CA (SA), CPA (Isr)
Eddy has considerable audit, finance and business advisory experience, having spent 21 years in professional practice, most notably as a senior partner of the Cape Town, Durban and Port Elizabeth offices of Arthur Andersen. He also served as a member of the firm’s worldwide Retail and Distribution Industry Team. In addition to serving as a non-executive director and trustee to various companies and trusts, he is the Principal at Contineo Financial Services, which provides specialist advisory and fiduciary services to high net worth South African and international families and their entities.
Appointed to the Supervisory Board: 2010
Group Director: Retail
Shani Naidoo
Hons Bus Admin, Masters Ind Psych
Shani has been with TFG since 1990 and was appointed to the Operating Board in 2006. With over three decades of experience, Shani has held several strategic leadership roles across the Group. These include Chief Human Resources Officer, Managing Director of the Home Division, and Managing Director of the Jewellery Division. In 2021, Shani took on the role of Head of Customer and Loyalty, driving customer-centric innovation and engagement. Most recently, in 2023, Shani assumed responsibility for TFG’s Rest of Africa operations, supporting the Group’s expansion across the continent. Shani brings deep operational insight and a strong track record of delivering growth and transformation across multiple business areas.
Appointed to Operating Board: 2006
Independent Non-Executive Director
Jan Potgieter (57)
Also a director of South African listed companies: Motus Holdings Limited.
BCompt (Hons), CTA, CA(SA), Management Development Programme (University of Michigan), Strategic Planning and Management in Retailing (Monash University, Australia), Advanced Management Programme (INSEAD France)
Jan is a Chartered Accountant (SA) and has extensive senior-level experience in the manufacturing, retail and supply chain sectors, having most recently served as Chief Executive Officer of Italtile Limited and formerly CEO of Massdiscounters (a division of Massmart). He also served as a business manager at Clover SA and spent eight years in senior financial roles at SABMiller. He previously served as a non-executive director of Novus Holdings Limited, Fortress Income Fund Limited and Italtile Limited. Jan currently serves as a non-executive director on the board of Motus Holdings Limited. He is also Chairman of Janette Media Consulting and Founder of Source and Style Lda.
Appointed to the Supervisory Board: 2023
Non-Executive Director
Ronnie Stein (76)
BCom, CA (SA)
Ronnie was previously the Group’s CFO. He retired from this position at the end of June 2015 after serving 19 years with the Group. Prior to joining the Group, he was an accountant and auditor in public practice. He was a partner at Kessel Feinstein for 15 years. Following his retirement, Ronnie remains on the Supervisory Board in a non-executive capacity.
Appointed to the Supervisory Board as a non-executive director: 2015
Independent Non-Executive Director
Nkululeko Sowazi (62)
Also a director of South African listed companies: Chairman of Sappi Limited, Grindrod Limited and MTN Group Limited.
BA, MA (Planning)
Nkululeko Sowazi is an established business leader and experienced board director. He has a distinguished career in investment management, private equity, corporate strategy and governance.
He is the Executive Chairman and Co-Founder of Tiso Investment Holdings, a diversified pan-African investment company with business interests in South Africa and Ghana.
Nkululeko also serves as Chairman of Sappi Limited, a JSE-listed global pulp and paper company, is a director of MTN Limited and the lead independent director of Grindrod Limited.
He chairs the Investment Committee of the Sanlam Private Equity Fund and plays an active role in social development as co-founder and trustee of the Tiso Foundation and Chairman of the Housing for HIV Foundation, based in Washington, D.C. Nkululeko holds a master’s degree from the University of California, Los Angeles (UCLA).
Appointed to the Supervisory Board: 2024
Group Director: Retail
Stuart Baird
B-Tech Marketing & Business Management
Stuart began his career with the Group in 1989 as a Graduate Trainee. Over the years, he has held a range of leadership roles across multiple divisions, gaining extensive experience in the retail sector. In February 2014, he was appointed to the TFG Operating Board. As Group Director: Retail, Stuart oversees all clothing divisions within TFG, as well as Design & Manufacturing, the Group Supply Chain, VAS & Hi and TFG London.
Appointed to Operating Board: 2014
Independent Non-Executive Director
Gcina Zondi (53)
Chairman of the Risk Committee. Also a director of South African listed companies: RCL Foods Limited and Hulamin Limited
BCompt (Hons), AGA (SA)
Gcina is the founding Chief Executive and shareholder of Imbewu Capital Partners. He is a qualified General Accountant and is an associate of the South African Institute of Chartered Accountants. He has more than 25 years’ experience in the private equity industry, of which six years were spent with Nedbank Capital Private Equity as a Private Equity Manager. Gcina currently serves as a non-executive director on the boards of Isegen South Africa (Pty) Ltd, Container Conversions (Pty) Ltd, Icon Construction (Pty) Ltd, NPC InterCement, and RCL Foods Limited.
Appointed to the Supervisory Board: 2025
Non-Executive Director
Doug Murray
Also a director of a South African listed company: Equites Property Fund Limited
BA, CA
Doug was previously our CEO. He retired from this position in September 2018 after serving 33 years with the Group, 11 of those as CEO. He has a wealth of knowledge and experience in the international retail sector in general and TFG in particular, where he held several senior executive roles in the Group before he was appointed as CEO. Doug was appointed to the Supervisory Board in a non-executive capacity on 1 October 2019 and also serves on the Group’s UK and Australian subsidiaries’ boards and committees.
Appointed to the Supervisory Board: 2019
People & Culture Officer
Senta Morley
BSoc Sci
Senta joined the Group in 1996 and brings over three decades of experience in the retail sector. As a seasoned Human Resources Executive, she has built a distinguished career spanning 33 years, holding leadership roles across a wide range of HR and business disciplines. In her current role, she is responsible for leading the People & Culture strategy across all the Group’s territories, including South Africa, London, and Australia. Her deep industry knowledge and people-first approach continue to shape the Group’s culture and talent strategy.
Appointed to Operating Board: 2017
Group Director: Technology & Fulfilment
Jacques de Kock
Engineering degree & MBA
Jacques joined TFG in 2020 to lead the omnichannel digital and logistics strategy. He has extensive experience in technology, supply chain and digital commerce, with a track record spanning global and South African retailers. His prior roles include Head of Supply Chain & IT at Clicks, CIO of Habitat in Europe (IKEA family-controlled company), and co-founder of two AI ventures focused on solutions for consumer facing businesses.
Appointed to Operating Board: 2021
Chief Executive Officer
A E Thunström (55)
Executive Director
BCom (Hons Acc), CA (SA)
Anthony joined the Group in 2015 as Chief Financial Officer and was appointed Chief Executive Officer in September 2018. He brings 21 years of professional services experience, during which he held senior leadership positions across both local and international markets.
Appointed to the Supervisory Board: 2015
Chief Financial Officer
Ralph Buddle (59)
Executive Director
CA (SA)
Ralph joined the Group in September 2023, and was appointed CFO effective 1 April 2024. He previously served as interim CFO of Oceana Group Limited, and as Director of Strategy & Business Development at Woolworths Holdings Limited.
Appointed to the Supervisory Board: 2024
Group Director - CIO TFG Africa
Vusiwe Nkomo
BCom (Hons IS), MBA (Strategy), MBA (Marketing), MSc (Supply Chain & Logistics)
Vusiwe joined TFG in 2021 as CTO: Customer and Insights and was subsequently appointed CIO for TFG Africa in 2022. He brings a substantial background in consulting, has held senior technology positions within prominent South African retail organisations and is also the co-founder of three businesses.
Appointed to the Board: 2025
