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S&V Weekly Newsletter Vol.4 No.7, February 19, 2018

This Newsletter is sponsored by SAFLIA

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

 

SARS plans to implement reference price for safety footwear on March 1

Cape Town (SA) – The SARS footwear task team decided on a minimum reference price for safety footwear imports at its third meeting on February 6, but it is not clear what the price will be.
       Geraldine Fröhling from SARS' communication department responded to questions from S&V:
I know from the previous meeting that the focus of the task team currently is reaching consensus on a reference price for safety footwear imports. What price has been agreed?
• The information on reference pricing is confidential as it is a risk tool used to manage the risk of possible undervaluation on identified high risk goods. Reference pricing is not a minimum price – it is merely, as said, a risk tool used to alert possible under-valuation of imported goods.

If you cannot give me that agreed reference price, please explain why you can't and when importers will be told what the reference price will be.

• Importers will not be informed about risk rules as all types of risk rules are confidential in nature and the risk rules change as and when the risk levels change from high to low risk. Risk rules are part of the internal controls and cannot be shared with traders as this will compromise the required controls.

Why is the reference price in Rands when the importers buy in US Dollars? Surely that prejudices them?

• The reference price is not formulated in South African rands but in US$.

When will the reference price be applied?

• The implementation date is dependent on the section managing the risk engine but it is envisaged to be 1 March 2018 unless otherwise the risk level on such commodity has dropped. How many pairs are currently being imported under the reference price?

• 1 373 856 pairs.

       Please note that the mere fact that goods will be alerted by the risk engine for possible under-valuation, it is not at that stage regarded as an outright fact that the goods are indeed under-valuated. SARS will call for supporting documents and if necessary a valuation audit will be conducted based on the required documents and the risk identified. If the value as declared by the importer is confirmed to be a price paid or payable, the goods may then be released as entered. If any contravention of the Customs and Excise Act is detected, the goods will be dealt with in terms of the provisions for the particular contravention as provided for in the Customs and Excise Act.

 

 

Request for reports after safety footwear robbery

Germiston (SA) – Safety footwear supplier Superior Leather had a "big" armed robbery on February 12.        MD Roy Feigenbaum has asked that if readers are offered any Rockstone branded boots, they e-mail him roy@royceshu.co.za

 

 

Jono Mail joins Dangee Carken

 

Johannesburg (SA) – Dangee Carken has appointed Jono Mail as the new brand manager for Roberto Morino.
       He has had 15 years’ experience in the footwear industry with Norton Wellworth Agencies brands Galeon and Senor Footwear and is second generation in the footwear industry.
       With Billy Mail being his father, he has been taught by the best in leather shoe design, and has a passion for quality leather shoes.
       He joined Dangee Carken on February 1 and is currently showing Winter 18. We believe that the demand for quality in leather footwear is on the rise and price being the most key factor which Roberto Marino is just that. Jono can be contacted on 082-379-4846.

 

 

Miss Black's Jason Craft introduces some of the new footwear range

 

Jason Craft, MD of Miss Black presents a short video introduction to the Dangee Carken showroom and some of his favourite footwear designs from the new Miss Black range.

 

 

 

Bata industrial manager resigns

Pinetown (SA) – Bata SA industrial divisional manager David Earle has resigned. He said he would be "heading overseas in the short term". - +27 (0)60 961 9383

 

NR Footwear appoints agents

Pietermaritzburg (SA) – NR Footwear, which was bought by Berrick Salmond last year, has appointed agents to sell its women's leather footwear. They are:
Western Cape - Gary McEvoy
Eastern Cape -  Graham Althorpe
Gauteng - Keith Baptista

 

Evox: Launch of leather sneaker range

Durban (SA) – Angel Footwear is launching a new leather sneaker range under the label Evox. Antoine Lailvaux, the developer of this brand, describes them as "on trend fashion, whereby fashion styling and sports shoe technology hybridise to create an exciting segment of fashion footwear". - +27 (0)31 83 270 0256, ant@alagencies.co.za

 

They Said It

"Please switch off that fan - it might blow off my toupé." - Hansen Agencies' Matthew Hansen. In fact he has a very fine head of hair.

 

 

The India Leather & Footwear Trade Expo opens this week in Cape Town

Cape Town (SA) – If you have not yet registered to attend the Council for Leather Exports India Leather & Footwear Trade Expo which will take place this coming Wednesday, 21 & Thursday, 22 Feb in Hall 1A at the CTICC, Cape Town, then you can do so online at www.urexpo.com. Entry is free. 40 reputable manufacturers from India will be showcasing an extensive range of products including leather and non-leather fashion footwear, sandals and slippers, safety shoes and boots, school shoes, leather jackets and PU garments, leather shoe uppers, saddlery items, finished leather as well as small leather goods such as handbags, wallets, gloves, belts, travel bags, etc. If you are not based in Cape Town, there are still a few complimentary airfares available so, email  deidreh@worldonline.co.za asap for details.
         India is a significant player in the global leather business being the second largest global producer of footwear and leather garments and fifth largest exporter of leather goods and accessories. Exports from the Indian Leather industry has grown from USD 107.97 million in 1966-67 to USD 5665.91 million in 2016-17. Says the Council for Leather Exports (CLE), ‘South Africa is the largest importer of leather and leather products among the African countries. With a view to further promote the export of leather and leather products to South Africa, the Council for Leather Exports in association with the Consulate General of India, Cape Town, is organising the two day trade expo under the Market Access Initiative Scheme of the Government of India. India accounts for a share of 4.53% in South Africa’s total leather import trade of US$ 978.41 million in 2016, providing ample scope to further enhance our exports to South Africa. India’s exports to South Africa has increased from US$ 36.07 million in 2012 to US$ 44.29 million in 2016, growing at a CAGR of 5.27%. Footwear accounts for about 55% of India’s total export of leather and leather products to South Africa followed by finished leather, leather goods & leather garments.
       Show Times: 09:00am until 16:00pm daily. For further information call 021 790 5849 or email deidreh@worldonline.co.za.

 

Exchange rates

Source: http://www.x-rates.com/calculator/

 
  Euro € GBP £ US $ Yuan Renminbi ¥
11/12/2017 R15.82 R17.99 R13.40 R2.03
05/01/2018 R14.86 R16.69 R12.33 R1.90
13/01/2018 R15.14 R17.03 R12.41 R1.92
22/01/2018 R14.76 R16.75 R12.08 R1.88
26/01/2018 R14.74 R16.79 R11.86 R1.87
05/02/2018 R14.96 R16.89 R12.02 R1.91
12/02/2018 R14.64 R16.51 R11.95 R1.88
16/02/2018 R14.43 R16.30 R11.63 R1.83

 

 

 

Birthdays this week

19/02/1944: Bruno Tarasconi, formerly Bruno Original, now Etsang Dieta Primary Co-operative, Johannesburg.
19/02/1988: Joash Govender, Prisaan Footwear, Pinetown.
20/02/1959: Rashmi Kooverjee, Babu’s, Cape Town.
20/02/1969: Dada Segwe, Bontsho Bosweu Shop, Vryburg.
20/02/1973: Bridget Johnson, Bibbi Shoes, Johannesburg.
20/02/19??: Rakesh Ambaram, JFK Trading, Durban.
21/02/1975: Zubair Desai, Leather Loft, Stanger/KwaDukuza.
22/02/1967: Shabir Ahmed Moola, Moola’s Newcastle.
22/02/1970: Ebrahim Akoon, Urban Legends, Bloemfontein.
22/02/1982: Katherine Bischoff, Leatherband, Johannesburg.
23/02/1949: Jeff Burland, retired, formerly United Fram/Wayne Plastics, Johannesburg.
24/02/1954: Linda Gordon, Riversdalse Skoenwinkel, Riversdal.
24/02/1973: M Taljaard, Taljaard Shoe Store, Germiston.

 

In Memoriam this week

19/02/2015: Professor Dr Des Cooper (b. 14/04/1928), Leather Industries’ Research Institute (LIRI) [closed], Grahamstown.
20/02/2004: Barry Dowson (b. 1938), Barry Dowson Components [closed], Greytown.

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 16/02: Hides & skins prices

The average hide price over the past week was R9.94/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 R32.50, and for Merino skins was R88.26.

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
27/10 12.12 37.30 94.32
02/11 12.19    
10/11 12.24 37.00 101.75
30/11 11.82 32.56 94.25
07/12 11.76 35.50 92.50
14/12 11.53 35.50 91.86
02/02 10.39 32.50 92.22
09/02 10.17 33.13 91.27

 

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

Looking for someone to launch your new range?

Ryan Sifris is an experienced footwear & clothing agent with over 14 years in the industry. He has an outstanding track record and existing valued relationships with customers in Johannesburg and surrounds.  - 082 397 2549, rsifris@gmail.com




  

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Next newsletter: February 26, 2018.

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