S&V Weekly Newsletter Vol.3 No.23, June 12, 2017
This Newsletter is sponsored by SAFLIA
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Stuttafords: ‘Many options, but wind-down continues’
Johannesburg (SA) – The business rescue practitioners handling Stuttafords are “engaging with a number of people with numerous options”, Neil Miller, the joint business rescue practitioner, said today. “It amounts to an organised wind-down of the business,” he said, “but that can mean various things.”
Wage negotiations: Still no settlement for tanning
Port Elizabeth (SA) – Employers and unions in the Tanning Sector of the National Bargaining Council of the Leather Industry of SA have still not reached agreement on wage increases after a third round of negotiations yesterday, and a first meeting today before a CCMA-accredited external mediator.
Über Gruvi creditors’ meeting
The statutory first meeting of creditors and members [of Über Gruvi cc], in terms of section 78 of the Close Corporations Act No 69 of 1984, as amended, will be held before the Master of the High Court, Durban, on 14 June 2017 at 10h00. – [http://summittrust.co.za/estates-list/ubergruvi-cc-d572017/]
Design and trends: Learning from the experts
Orietta Pelizzari (left) and Georgia Roehe Turri are currently conducting the 4-day ARSUTORIA design workshop for footwear and leather goods manufacturers in Durban. This will be followed next week by 6 half-day trend presentations (see below).
June 19: Durban, Durban University of Technology, Ritson Campus
Rodrigo Footwear has appointed Mehmood (Joe) Mohamed as its agent for Gauteng, North West Province, Limpopo, Mpumalanga and Free State. – [+27 (0)84 432 4443, email@example.com]
July 13: SAFLEC AGM, Coastlands Hotel, Umhlanga. +27 (0)31 266 1472, Info2@saflec.co.za.
They Said It
"Honourable Chairperson, during our National Budget Vote I cautioned against politicizing agriculture and called for a collective effort to address challenges faced by both farmers and farm workers alike. Unfortunately, South Africa is experiencing an upsurge of criminality which has manifested in the brutal killings of farm workers and farmers alike. This is a blight on the very fibre of our nation and can no longer remain unabated.
Birthdays this week
12/06/1954: Frieda Maisey, left the industry, formerly Brondean Agencies, Port Elizabeth.
In Memoriam this week
12/06/2004: Neville Williams (b. 04/1945), Cameo Components/Central Components [closed], Pinetown.
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 31/05: Hides & skins prices
Mohair production in 2017 may decline by between 5-10%, due to aftermath of the drought. South Africa is the world largest producer of mohair, and accounted for 53% of the total global production in 2016. Total production traded sideways in 2016 compared to 2015. The South African rand has strengthened recently, which proves to be a challenge for prices as this industry is mainly export driven. South Africa is technically in a recession phase and we need a reduction in interest rates to foster growth. However we expect that the Reserve Bank will hold interest rates unchanged in order to protect the Rand. The increased political uncertainty and possible credit downgrades is a risk for the value of the Rand. Should the rand weaken further, it will benefit the export income of the mohair industry.
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
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: June 19, 2017.