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S&V Weekly Newsletter Vol.3 No.17, May 2, 2017

This Newsletter is sponsored by SAFLIA

Please note: Click on any ad to go to the advertiser’s website

 

Über Gruvi in liquidation

Cape Town (SA) – Women’s comfort footwear manufacturer Über Gruvi went into liquidation last week.
       We were unable to contact member Ashley Zwart for comment, but further information is expected next week.

 

SLTC reminder

Pretoria (SA) – The annual SLTC conference will take place on the 26 to 28 May 2017 at La Wiida Lodge, on the R511 between Johannesburg and Pretoria. Please contact the secretary, Nicky Phipps, for details. – [nphipps@telkomsa.net]

 

Sutherland: Creditors accept rescue plan

Pietermaritzburg (SA) – Sutherland Tannery creditors accepted the business rescue plan put forward to them on April 20, according to Neil Button of Stowell Estate Administration Trust. The plan includes selling the business.
       He did not name the potential buyer, or the payout creditors could expect. However, several creditors said they understood the buyer was an Italian company, and one said the expected payout would be around 30c in the Rand.
       He said the deal is subject to two conditions:
       “The granting of approval by the appropriate local authority and the Department of Water and Sanitation to JR for an increase in the volume of water which may be extracted from the Msunduzi river to 54 000 m3 per annum, by no later than 1 October 2017; (In terms of an existing agreement between Sutherland Tanneries and JR, JR supplies water extracted from the Msunduzi river to Sutherland Tanneries)
       “Insofar as may be necessary, the granting of approval by the South African Reserve Bank and/or the National Treasury for the acquisition of the entire issued shareholding in Sutherland Tanneries by the offeror and the advance of the abovementioned loan by the offeror to Sutherland Tanneries, by no later than 1 October 2017.” – [+27 (0)33 845 0568, neilb@stowell.co.za]

 

 

Wage negotiations: 2nd round dates

Durban (SA) – The first rounds of wage negotiations ended without resolution last month. The 2nd round of negotiations for the 3 subsectors within the Leather Industry are as follows:
Tanning Sector: May 9 and 10.
Footwear Sector: May 17 and 18.
General Goods & Handbags: June 5 and 6.

 

Sure Footwear closes

Durban (SA) – Former police shoe and moccasin manufacturer Sure Footwear cc has closed down, a creditor has confirmed. Member NV Suresh Kumar could not be reached for comment.

 

 

Borage to move back into own factory

Pinetown (SA) – Laminator Borage Trading cc will move back into its own premises at 30 Alexander Road, Westmead, later this month. It has been operating out of rented premises since a fire destroyed its factory in March last year.
       Member Rennie Thambiran said the new, 4 000 m² premises were about double the size of the previous building. – [+27 (0)31 700 8108, rennie@rainbowgroup.co.za]

 

SA downgrade: Meeting to discuss implications for TCLF industries

Cape Town (SA) – Trade unions SACTWU and NULAW have invited other stakeholders in the National Textile Bargaining Council and the National Bargaining Council of the Leather Industry of SA to a congress this Friday to discuss the implications for their industries of the downgrade of South Africa’s credit rating by ratings agency Moody’s. The meeting will be at the Textile Bargaining Council offices in Cape Town.

 

 

Birthdays this week

01/05/1932: George Wilkens, retired, formerly Martin Johnson [closed], Pietermaritzburg.
01/05/1960: Patience Zikalala, Edcon.
01/05/1961: Ronell Nieuwoudt, Suzi Q, Phalaborwa.
01/05/1962: Tanya Vosloo, Greystone Trading 387, Cape Town.
02/05/1956: Dave Robertson, emigrated, formerly Bushy Marketing, Pinetown.
03/05/1972: Afzal Deedat, Speed Zipper Durban.
03/05/1953: Alex Leith, left the industry, Durban.
03/05/1951: Ron Rink, retired, formerly Puma, Cape Town.
03/05/1949: Sam Wells, Malome Leather Technologies, Boksburg.
03/05/1964: Rafique Vahed, Casual Boyz, Estcourt.
04/05/1940: Isaac James, retired, formerly Step High Shoe Boutique, Cape Town.
05/05/1967: Vernon Lotter, Comfy Feet Shoes, Jeffery’s Bay.
06/05/1932: Yusuf Sayanvala, Westgate Wholesalers, Brits.
06/05/1979: Stelio Krystallidis, K-West/Fashion Trims, Johannesburg.

 

In Memoriam this week

05/05/2001: Raj Kallichurum (b. 23/02/1954), Shoe Component Supplies, KwaDukuza.
06/05/2016: Herbert Lohmeier (b. 25/11/1954), H. Lohmeier Men’s Outfitters, Swakopmund.

Do you have any names you’d like to add to our list of birthdays and In Memoriam? Please send the details.

 

ABSA Agri Trends 25/04: Hides & skins prices

The average bovine hide price over the past week was R14.75/kg green. Hide prices are determined by the average of RMAA and independent companies. “The recent strength of the currency and pressure from the demand side has been adding pressure on prices. There may also be stocks still sitting from December, which further add pressure on prices.”
       The average price for Dorper skins was R41.25/skin and Merino was R93.27/skin.
       “Moving forward, prices are expected to gain support from the weakening of the South African currency, especially with the current political climate,” according to the report.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
19/01 15.34 45.56 81.38
24/01 15.17 40.92 89.52
31/01 15.10 46.00 94.55
14/02 14.65 47.33 95.29
15/03 14.25 39.30 78.75
24/03 14.13 45.27 94.45
28/03 14.07 45.27 94.45
04/04 14.83 41.92 87.58
11/04 14.68 41.92 84.12
19/04 14.77 43.85 92.32

 

Trade Fair dates

For a list of local and international trade fairs covering footwear, leather goods, leather and PPE, visit our website: http://www.svmag.co.za/events.php

  

Contact us

News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za

Next newsletter: May 8, 2017.

Should you wish to subscribe email tony@svmag.co.za
Our website www.svmag.co.za

 

 

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