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S&V Weekly Newsletter Vol.3 No.43, October 30, 2017

This Newsletter is sponsored by SAFLIA

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

 

Competition Commission gives go-ahead for takeover of Holdsport

Johannesburg (SA) – The Competition Commission on Wednesday approved the proposed transaction, without conditions, whereby Long4Life intends to acquire Holdsport, which owns the Sportsman's Warehouse and Outdoor Warehouse chains.
       In a release, the commission said:
       "Long4Life is an investment holding company that is listed on the JSE and was incorporated to invest primarily in businesses with attractive growth prospects, led by strong entrepreneurial minded management terms. Long4lifes’s primary focus will be on acquiring equity interest in businesses which fall within the broader lifestyle category of consumer facing enterprises. Long4life aims to provide financial, strategic and management support to its investee companies.
       "Holdsport operates as a retailer of sport apparel, footwear and equipment in South Africa (and though one store in Namibia) through the well-known Sportman’s Warehouse stores situated around the country, a retailer of outdoor and camping apparel, footwear and equipment in South Africa (and though one store in Namibia) though the well-known Outdoor Warehouse stores situated around the country and a wholesaler of sport, outdoor and lifestyle apparel through its subsidiaries.
       "The Commission is of the view that the proposed transaction is unlikely to substantially prevent or lessen competition in any market. In addition, there are no public interest concerns."
       The group has a total footprint of 63 stores.
       The deal is the second for Brian Joffe’s investment holding company, which was formed to invest in lifestyle businesses and was listed in April.

 

 

SARS-footwear meeting over reference pricing

Cape Town (SA) – A follow-up meeting between SARS and the footwear industry - SAFLIA and both unions - will take place on November 7.
       This will be a separate meeting from the CTFL Industry Forum, a body chaired by SARS and intended to discuss issues around CTFL imports. SAFLIA director Jirka Vymetal said it was hoped that a separate, footwear-specific forum would be formed "because the current format seems to be a challenge".
       One of the principal issues to be discussed will be 'reference pricing' - compiling a list of realistic prices for various categories of imported footwear to enable Customs officials to judge whether imports are under-invoiced. Safety footwear imports will be the starting point.

 

 

Appointment

 

Durban (SA) – Jonathan Colloty (pictured) was appointed a director of Michelle Footwear (Pty) Ltd, trading as Froggie, on October 13.
       He joined Michelle in November 2012 as a financial and management accountant. His responsibilities "cover a very broad array of functions" in the company aside from finance.

 

 

2018 Trade Fair dates updated

Trade fair dates for 2018 have been updated on the S&V website. For a list of local and international trade fairs covering footwear, leather goods, leather and PPE, please go to: http://www.svmag.co.za/events.php

 

Diary

November 21-23: ATF Trade Exhibition, Cape Town International Convention Centre. Deidre Harte, +27 (0)21 790 5849, atfexpo@worldonline.co.za

 

 

Birthdays this week

30/10/1939: Peter Boudewijns, retired, formerly Badger Footwear [closed], Port Elizabeth.
31/10/19??: Ofer Ardenbaum, formerly Tiago Trading [closed].
31/10/1961: Deidre Harte, LTE, Cape Town.
01/11/19?: Bob Brown, Crown Footwear, Pinetown.
01/11/1940: Innes Rhind, retired, formerly Crispin Industries, Botswana [closed].
01/11/1942: Laurence Smith, PMC Components, Cape Town.
01/11/1957: Anthony le Roux, Agussi Crafts, Franschhoek.
02/11/1934: Hawa Shaikh, formerly Amshu Distributors, closed, Greytown.
02/11/1936: Alastair Gardner, retired, formerly Panther Shoes [closed], Cape Town.
02/11/1962: Jan Morgan, Morgan Hides, Pretoria.
03/11/1976: Voden Wearne, Apeco, Cape Town.
03/11/1979: Orian Mendes, Shuler Enterprises, Harare.
04/11/19??: Jim Butterworth, retired, formerly Elliott Footwear [closed], Crown Footwear and Martin Johnson [closed], Durban.
04/11/1962: Philip A Carstens, Carstens’ Orthotic Laboratories, Durbanville.

 

In Memoriam this week

30/10/2001: David Cairns (BASF SA).
03/11/2007: Ahmed ‘Bull’ Patel, hand stitching CMT operator, Greytown.
03/11/2010: Grahame Steele (b. 17/04/1929), Budget Footwear [closed], Durban.
04/11/1998: Roy Schefermann, Futura Footwear.
05/11/1998: Bob Gould, SB Agencies [closed], Pinetown.
05/11/2013: Brian de Bruin (b. 26/09/1941), DB Components, 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 27/10: Hides & skins prices

The average hide price over the past week was 0.16% higher at R12.12/kg green. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. The average price for Dorper skins was R37.30.The average price for Merino skins was R94.32.

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
10/05 14.75 40.50 88.41
16/05 14.58 40.83 90.96
31/05 14.62 40.50 87.95
09/06 14.58 41.82 96.35
23/06 14.40 40.42 101.25
29/06 14.30 41.36 98.44
07/07 14.33 43.33 100.94
13/07 14.37 44.44 114.58
28/07 14.14 43.64 97.50
04/08 14.16 43.69 99.64
14/08 14.08 38.99 92.75
18/08 13.70 43.18 98.96
25/08 13.93 43.75 100.96
01/09 13.14 44.09 101.25
08/09 12.88 41.82 100.83
21/09 12.64    
03/10 12.50    
11/10 12.52    
20/10 12.23 39.30 110.23

 

 

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

  


Classified Adverts

In need of a Boardroom/Meeting room?  SAFLEC is situated in Westville and has a boardroom seating 12 people (with space to add chairs within the room), than can be hired out to interested parties.

For more information, please contact Louise on 031 266 1473 or louise@saflec.co.za.

SAFLEC looks forward to having your support and you may view the room before hiring.




  

Contact us

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

Next newsletter: November 6, 2017.

SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za

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Our website www.svmag.co.za

 

 

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