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Okapi closes shank plant

Published: 13th Feb 2017
Author: Tony Dickson - S&V Editor

Pinetown (SA) – The Okapi division of Southey Holdings Industries, one of two local manufacturers of steel shanks for footwear, has decided to discontinue production of that line as of this month.

        Accountant Derek Wright said shanks were one of a basket of products to be discontinued, and that the group would concentrate on the products “which generate 80% of our turnover”.

        “Our last sale of shoe shanks was actually a year ago, in February 2016,” he said. “The company also closed its Isithebe factory in September, and relocated to group premises in Pinetown.”

        He said Okapi planned to dispose of its stocks of shanks “at competitive prices”. – [+27 (0)32 459 2883, dwright@southey.co.za]

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