Publisher of leading trade magazines for the Footwear, Leather-goods, Leather & PPE industries

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S&V Weekly Newsletter Vol.5 No.24, June 17, 2019

This Newsletter is sponsored by SAFLIA

LET'S MAKE 2019 A REALLY GOOD YEAR!

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

 

Retail last week

Comment from 3 retailers on Saturday
"Yesterday was quite busy with people buying for Fathers' Day, which has become a celebration for all population groups and classes. We're seeing movement both in our mall and street stores, whereas previously our street shoppers weren't really buying at this time of year." - Ashok Rama, member, Davison's Boutique, Witbank, Mpumalanga, SA. Mini-chain, 6 outlets, men's outfitter.

"This week has been much quieter than last week. Even today is quiet." - Paul Bailey, proprietor, Dazzlers Boutique, Cape Town, W Cape, SA. Independent, 1 store, women's comfort footwear.

"From the 10th onwards, it's been a bit tight. The first week of the month was busy. So far this year, January and February were a bit quiet, there was a slight upturn in March - above last year - April was down, May was decent, and I'm hoping June will be the same." - Pradeep Dhaya, member, Dhaya's Shoe Store, East London, E Cape, SA. Independent, 1 store, now a men's outfitter.

 

 

Jensen Belts liquidation: Company still trading

Cape Town, W Cape, SA – Jensen Belts MD Chris O'Connor confirmed yesterday that the company was still trading after going into voluntary liquidation on May 28.
       He said he would provide more comment for next Monday's newsletter, but that he was available, for urgent queries only, at the company's landline (021 510 8710) or by email (chris@jensensa.co.za).
       In a letter to creditors dated June 14, joint provisional liquidator Craig Hathorn of Lynn & Hathorn Inc., said the first meeting of creditors would be convened for approximately the middle of July, to be followed by the liquidators' report about 2 weeks later and the second creditors' meeting about 2 weeks after that.
       He wrote that the liquidators were investigating the "viability of the continuation of trading activities to preserve any value attaching to the business as a going concern".

 

 

IDC to finance Eddels expansion

Pretoria, Gauteng, SA – In response to a query about the Industrial Development Corporation (IDC) investing a substantial amount in a Pietermaritzburg shoe factory, Zama Luthuli, head of corporate affairs at the IDC, wrote: "As you may be aware, IDC recently acquired Celrose from the Edcon group. Eddels Shoes was part of the acquisition. IDC will be supporting the expansion of Celrose and Eddels by providing funding for plant and machinery as well as working capital. Unfortunately, we can’t at this stage provide further details on the funding and amounts involved."

 

They Said It

"I always read what the retailers say in the Newsletter - now I'll have to read about myself." - Pradeep Dhaya, Dhaya's Shoe Store, East London.

"As you can see below, I didn't want to use my name as it might sound unpronounceable, so I used the V as the helmet and the ODEN as the name, so it is a derivative of VODEN but not in your face - you have to think a little with the logo. My parents didn't like the W as in Dutch that sounds like a V and in English it was too soft so they put a V in front to make it stronger when pronounced in English, as this is obviously our mother tongue." - You have to be very wide awake to keep up with Voden Wearne.

 

 

S&V Directory - Order now

The directory is ready. On sale for R450. The online version is also available at R450 for 12 months' access.

 

2019 Trade Fairs Another essential service from S&V

Please note that we have put a list of the 2019 trade fairs and conferences on our website, linked to their websites: http://www.svmag.co.za/events

 

 

Exchange rates

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

 
  Euro € GBP £ US $ Yuan Renminbi ¥
05/01/2019 R15.94 R17.79 R13.99 R2.03
12/01/2019 R15.86 R17.76 R13.83 R2.04
19/01/2019 R15.76 R17.85 R13.87 R2.04
26/01/2019 R15.52 R17.97 R13.60 R2.01
02/02/2019 R15.26 R17.42 R13.32 R1.97
09/02/2019 R15.46 R17.66 R13.65 R2.02
16/02/2019 R15.90 R18.15 R14.09 R2.08
23/02/2019 R15.90 R18.32 R14.04 R2.09
02/03/2019 R16.17 R18.77 R14.22 R2.12
09/03/2019 R16.22 R18.79 R14.43 R2.14
16/03/2019 R16.31 R19.15 R14.40 R2.14
25/03/2019 R16.31 R19.02 R14.42 R2.14
30/03/2019 R16.26 R18.90 R14.49 R2.15
06/04/2019 R15.80 R18.36 R14.09 R2.09
13/04/2019 R15.76 R18.24 R13.95 R2.08
20/04/2019 R15.86 R18.33 R14.10 R2.10
27/04/2019 R16.03 R18.56 R14.37 R2.13
04/05/2019 R16.08 R18.88 R14.34 R2.13
11/05/2019 R15.91 R18.40 R14.16 R2.07
18/05/2019 R16.09 R18.32 R14.41 R2.08
25/05/2019 R16.15 R18.32 R14.41 R2.08
01/06/2019 R16.28 R18.41 R14.57 R2.11
08/06/2019 R16.95 R19.03 R14.94 R2.16
15/06/2019 R16.61 R18.65 R14.81 R2.14
Note: For previous rates, see HERE

 

 

 

ABSA Agri Trends 14/06: Hides & skins prices

The average hide price for the week ending 14 June 2019 is relatively stable with a slight decline of 0.15% in price compared to last week. The domestic hide market is going to remain under pressure. The market is hopeful that prices have reached a bottom and will turn around in the short term. Bovine hides R1.68/kg. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. Sheep skins: Dorper skins R25.83, merino skins R38.57/skin.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
18/01 3.94 33.75 81.67
25/01 2.89 31.11 92.78
01/02 2.83 30.63 87.50
05/02 2.53    
13/02 2.95    
15/02 2.95 25.83 62.01
19/02 2.01    
22/02 2.00 31.88 49.21
26/02 2.04    
01/03 2.04 30.00 45.21
14/03 1.63    
20/03 1.60    
27/03 1.67    
10/04 1.68    
24/04 1.78    
26/04 1.49 32.50  
03/05 1.82    
17/05 2.05 34.00  
21/05 1.72    
24/05 1.72 36.67  
28/05 1.74    
31/05 1.74 32.50 48.75
10/06 1.68 41.90  
For previous prices, see HERE
 

  

17/06/1972: Odelle Hadnum, Chillisource, Durban.
17/06/1973: Alfredo de Oliveira, Fashion Fever, Welkom.
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.

 

In Memoriam this week

17/06/1994: Roy Inggs (b. 18/06/1932), Inggs Shoe Stores [closed], Roodepoort/Florida.
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.

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.

 

Have a look at these links

We invite businesses to send us links to websites, Facebook pages and the like which they feel would be of interest to others. The links below are from our database:
Atti Shoes, retailer, Antananarivo, Madagascar: https://www.facebook.com/attishoes/
AUG Behrens, supermarket, Rustenburg, NW Province, SA: http://www.bero.co.za/

 


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Contact us

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

Next newsletter: June 24, 2019.

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