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S&V Weekly Newsletter Vol.4 No.24, June 18, 2018

This Newsletter is sponsored by SAFLIA

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

 

Coats closes SA plant

Hammarsdale (SA) – Thread manufacturer Coats has closed its South African plant, and is moving its warehouse to New Germany. In a statement, the company said:
Changes to Coats manufacturing in South Africa
June 2018: Coats, the world’s leading industrial thread manufacturer, is reshaping parts of its business model in South Africa to better meet the changing demands of its local customers.
       Coats remains committed to its customers in South Africa and its existing senior leadership, sales and distribution management teams continue in operation. Day to day contacts for customers are unchanged.
       However, in order to streamline its supply chain and improve the service it provides customers Coats has ceased manufacturing at its Hammarsdale site in KwaZulu-Natal, at the end of May. Coats has a large global manufacturing footprint and is able to leverage this to source products for South Africa based customers from alternative larger manufacturing facilities.
       Coats is in contact with its customers that will be affected by this change. The sales team will support customers to work through thread usage forecasts and help identify the best positioned of dedicated units around the world to help meet requirements.
       In addition to the changes to its business model, Coats is also relocating its warehouse based in Hammarsdale to New Germany, Pinetown KZN with effect from July 2018 It is not anticipated this change of location will impact customers.
       Implementing this reshaping of its business model, puts Coats in a better position to service its customers in South Africa both now and in the future.

It referred queries to Coats SA GM Ashley Naidoo, ashley.naidoo@coats.com or cell 081 757 6013

 

 

DTI starts acting on SABS problems

Pretoria (SA) – The problems raised by the safety footwear industry are among the reasons Trade & Industry Minister Rob Davies has given for his intention to sack the board of the SA Bureau of Standards, according to a report in Business Live on June 13.
       The final straw was related to corruption, Eskom and the Guptas, according to the report, but it also quoted DTI director general Lionel October saying that there had been a "massive" lapse in governance and that the SABS had become dysfunctional. "Its testing infrastructure had been allowed to degenerate and it was failing in its core function", the report said. "The SABS had also decided unilaterally to terminate partial testing of products without the support of the department."
       Safety footwear suppliers - particularly manufacturers, but some importers are also affected - have complained because the SABS cannot conduct all of the tests required for their products to be certified compliant for SANS 20345, which is a legal requirement for safety footwear in SA. They have also complained that where a shoe fails one - often very minor - point, the SABS will insist on completely retesting the product, rather than retesting just the area which had failed. A complete test costs around R70 000 per style.

 

 

Mauritian pavilion at Source Africa

Press Release
South Africa is the third export market for apparel products from Mauritius with total exports of MUR 5.10BN in 2017. Exports to South Africa comprise primarily textile and apparel and Mauritius’ membership to the SADC provides duty advantage to member states exporting to this regional bloc.
       Mauritius remains an important business destination for South African investors and entrepreneurs. Geographical proximity, regional trade agreements (SADC & COMESA), the business environment as well as the quality of life contribute to making Mauritius the ideal business location for South African entrepreneurs. In 2017, Foreign Direct Investment from South Africa amounted to MUR 1,8 billion. Additionally, the Economic Development Board (EDB) Mauritius has granted nearly 785 Occupation Permits to South Africa Nationals.
       There is increasing interest from South African manufacturing companies to further grow their business activities throughout the African continent and are considering Mauritius as a potential manufacturing base.
       A trade and investment promotion mission will take place in South Africa from 19 to 25 June 2018 to showcase Mauritius as the Regional Strategic Partner. The main objective of this mission is to target high value-added manufacturing and distribution/logistics companies having regional expansion plans as well as to promote Mauritius as the ideal sourcing destination for textile and apparel. It will also be the right platform to present other investment opportunities and to showcase the wide array of manufactured products which can be sourced from Mauritius.
       The delegation will be led by Mr. Arvind Radhakrishna and will comprise some 30 operators from the textile and apparel industry as well as other service providers. EDB will also participate in the Source Africa Exhibition to be held at CTICC in Cape Town from 20 to 21 June 2018.
       To set up 1 on 1 meetings in Durban and Johannesburg, please contact: Monique at Monique Labat Consulting (Pty) Ltd M: 082 924 6349 E: Monique@moniquelabat.com

 

 

They Said It

"There are a few things we need to do here and it should be sorted - what I'm actually saying is that they spoke to me in 'IT language'. Don't have a clue what they mean and am just hoping for the best." - Shoprite Checkers senior buyer: footwear & luggage, Glen Mitchell, on why our newsletters to him were bouncing back. All fixed now.

"What about me, or don’t you want to meet with the one that takes your calls and makes the payments? Granted my partner makes the money, but I spend it !!!! Am I the stepson or do all Durbanites stick together?" - Rajesh Raghunandan, Sew Solutions Cape Town manager, on correspondence between his colleague, Rabin Nagesar, and I on meeting at Source Africa. It also says something that it's easier for me to see Rabin in Cape Town than it is to see him at his office, just 20 minutes away from mine. Oh, and it will be a pleasure to see Rajesh as well...

 

 

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
23/02/2018 R14.19 R16.12 R11.54 R1.82
05/03/2018 R14.60 R16.39 R11.85 R1.86
12/03/2018 R14.58 R16.43 R11.82 R1.86
16/03/2018 R14.72 R16.70 R11.97 R1.89
23/03/2018 R14.53 R16.60 R11.75 R1.86
03/03/2018 R14.58 R16.62 R11.83 R1.88
11/04/2018 R14.75 R16.91 R11.93 R1.90
16/04/2018 R14.89 R17.23 R12.04 R1.91
23/04/2018 R14.99 R17.11 R12.27 R1.94
30/04/2018 R15.06 R17.16 R12.47 R1.96
07/05/2018 R14.96 R16.98 R12.55 R1.97
14/05/2018 R14.60 R16.54 R12.21 R1.92
22/05/2018 R14.84 R16.92 R12.61 R1.97
28/05/2018 R14.47 R16.55 R12.43 R1.94
04/06/2018 R14.70 R16.78 R12.54 R1.95
11/06/2018 R15.46 R17.55 R13.10 R2.04
18/06/2018 R15.63 R17.83 R13.45 R2.09

 

 

 

Birthdays this week

18/06/1933: Erich Debus, retired, formerly Richleigh Shoes [closed], Pietermaritzburg.
19/06/1979: Sumen Naicker, Fusion Footwear, Springs.
19/06/1969: Monica Frank, Labora Shoes, Durban.
20/06/????: Patricia Khumalo, the DTI, Pretoria.
22/06/1964: Collin Govender, Owen’s Press Knives, Durban.
21/06/1969: Du Toit Kruger, KKI, Oudtshoorn.
22/06/1964: Collin Govender, Owen’s Press Knives, Durban.
24/06/1968: Meshi Sunker, Soviet Group, Johannesburg.
24/06/1978: Ashveer Kallichurum, Shoe Component Supplies, KwaDukuza.

 

In Memoriam this week

21/06/1992: Jonathan Greenblatt, Richleigh Shoes [closed], Johannesburg.
22/06/2010: Boris Levin (b. 03/07/1935), footwear agent, Johannesburg.
23/06/2016: Benjamin ‘Buzz’ Burke (b. 22/08/1949), Dolphin Components, Shoe Buzz, Cape Town.
23/06/2016: Billy Moodley (b. 31/08/1956), BM Components, Durban.
24/06/1995: Anand Singh, Angel Footwear Manufacturers, Durban.

Have you let us know about your birthday, or the birthdays of your colleagues? Our readers love this section, so please become part of it. This also applies to the In Memoriam section. Help us remember former colleagues.

 

ABSA Agri Trends 15/06: Hides & skins prices

The average hide price over the past week was R7.67/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 R32.11, and for Merino skins was R87.40.

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
16/02 9.94 32.50 88.26
16/02 9.94 32.50 88.26
16/03 9.62 33.75 90.50
23/03 9.56 32.22 87.63
06/04 8.86 36.67 82.50
13/04 8.98 35.00 81.25
23/04 8.40 35.13 86.00
26/04 8.18 34.13 86.11
07/05 7.89 33.33 83.13
18/05 7.71 33.50 82.22
25/05 7.78 31.38 86.06
01/06 7.74 30.71 95.89
08/06 7.43 31.67 87.50

 

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?

SAFLEC, situated at 6 Stedman Mews, 128 Jan Hofmeyr Road, Westville, has a boardroom for hire.
       It seats up to 12 people around a table, and has space to add up to 15 more chairs in the room. You are welcome to view the room before hiring.
       For more information, please contact Louise on 031 266 1473 or louise@saflec.co.za.
We look forward to being of service.




  

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

Next newsletter: June 25, 2018.

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