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S&V Weekly Newsletter Vol.3 No.19, May 15, 2017

This Newsletter is sponsored by SAFLIA

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

 

Über Gruvi ‘was deep in debt’

Cape Town (SA) – Manufacturer Über Gruvi went into voluntary liquidation on April 4 with liabilities of over R12 million and assets of R3.3 million, according to the statement of affairs prepared by Jochen Eckhoff of liquidator Summit Trust.
       Unsecured trade creditors are owed over R5 million, and unsecured personal loans are close to another R1.3 million.
       The 2 secured and preferent creditors are the IDC, owed around R5 million, and First National Bank, owed around R600 000.
       The business’s main asset is its Pietermaritzburg property, valued at R2.5 million.
       Several of its agents said winter sales were significantly up on last year, and that summer sales were also “healthy”. They also said they thought there was a potential buyer. However, Eckhoff said there was “no offer in writing”, and that “the liquidation process is in its very early stages”.
       Details of the liquidation are available on Summit Trust’s website. – [http://summittrust.co.za/estates-list/ubergruvi-cc-d572017/]

 

 

Fitwell acquires Saxon

Benoni (SA) – Fitwell’s Image acquired fellow men’s outfitter Saxon Men’s Centre in Springs in November, and has rebranded it Fitwell’s. Director Ralph Rimer said the 2 businesses had been very similar. He said he had no plans to expand further.
       Former Saxon member Merwyn Rabinowitz has emigrated.

 

 

Movements

Durban (SA) – Former Milady’s footwear buyer Tania Deyzel has joined Retailability as women’s footwear buyer for its Legit and Style chains.
       She has been replaced at Milady’s by Lisa van Heerden, formerly with Elan-Polo in Cape Town.

Port Elizabeth (SA) – Benedict Plaatjies is to join African Hide Trading on June 1. He leaves Richard Kane & Co in Cape Town.

Johannesburg (SA) – Former Industrial Development Corporation (IDC) CTCP programme manager Joy Balepile was promoted to head of the IDC’s automotive & transport equipment division. He has been replaced by Lucky Tetsa from May 1.

 

 

Diary

Wednesday, May 24-Thursday, May 25: Source Africa, Cape Town International Convention Centre. – [deidre@sourceafrica.co.za]
Friday, May 26: SHALC AGM, Intercontinental Hotel, OR Tambo Airport. – [ernest@leatherite.co.za]
Friday, May 26-Sunday, May 28: SLTC convention, La Wiida Lodge, on the R511 between Johannesburg and Pretoria. Please contact the secretary, Nicky Phipps, for details. – [nphipps@telkomsa.net]
Tuesday, May 30-Thursday, June 1: A-OSH, Gallagher Convention Centre, Midrand.

 

They Said It

"I'm recovering quite well and feeling quite spritely. This has prompted me to dive once more into the thankless task of renewing my critical commentary on local economic and political issues, as well as lending a supportive hand to my Dad in the business. Once more unto the breach....And all that jazz!" - Rafiq Hajat, Footwear Centre Ltd, Malawi, on his recovery from illness.

 

 

Birthdays this week

15/05/1974: Brett Isaacs, BMI Agencies, Johannesburg.
15/05/1941: Pieter van Niekerk, retired, formerly Gringo Leather (now Midland Tannery), Port Shepstone.
17/05/1951: Andre Otto, retired, formerly Bata, Pinetown.
18/05/1949: Mike Wakeling, retired, formerly agent, Johannesburg.
18/05/1974: Rudolph de L Volschenk, Leo D’ Mar, George.
19/05/1965: Pierre van Niekerk, left the industry, formerly Gringo Leather (now Midland Tannery), Port Shepstone.
19/05/1970: Chalkie Harrower, C&B Harrower Agencies, Johannesburg.
20/05/1934: Diana Beckley, retired, formerly agent, Durban.
21/05/1949: Norman Norris, retired, formerly Urban Zone, Randburg.
21/05/1949: Donald Blanshard, Foot Fashion, Johannesburg.

 

In Memoriam this week

15/05/2010: Louis Conradie (b. 26/06/1935), Conloo Joinery, Welkom.
17/05/2002: Johan Wilken (b. 1/11/1925), Klein Karoo Co-op, Oudtshoorn.
19/05/2009: Robbie Trench (b. 28/03/1945), Panama Shoes, RPM Footwear (both closed), Durban.

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 10/05: 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 average price for Dorper skins was R40.50/skin and Merino was R88.41/skin.

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
25/04 14.75 41.25 92.27
04/05 14.79 43.33 92.69

 

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 22, 2017.

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

 

 

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