S&V Weekly Newsletter Vol.3 No.36, September 11, 2017
This Newsletter is sponsored by SAFLIA
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AVI: Footwear, apparel up 3.2%
Johannesburg (SA) – The AVI group's footwear and apparel brands increased their revenue by 3.2% to R1.9 billion, and their operating profit by 6.1% to R366 million, according to the results for the year ended June 30, published today. The operating profit margin increased from 18,6% to 19,1%.
Mr Price Group: Apparel 'regains market share'
Durban (SA) – Mr Price Group sales grew by 6.2% to R6.5bn in the first four months (18 weeks to August 5) of its financial year, which started on April 1, according to a statement posted on its website on September 1. Of the 6 divisions, Milady's had the biggest turnover growth, but also the highest retail selling price inflation, and a lower unit growth than MRP. Apparel outperformed home stores.
Messe Frankfurt takes over Source Africa and ATF Trade Shows
Cape Town (SA) – The next edition of Source Africa will be on June 20 and 21 next year, according to Messe Frankfurt SA, which on Friday officially announced its acquisition of Source Africa and its sister fair, ATF, from LTE. Source Africa and ATF are Africa’s largest local and international textile, apparel and footwear shows, and Messe Frankfurt is the third largest trade fair company in the world with 134 trade fairs, over 90 000 exhibitors and roughly 3.5m visitors. It claims to be the leader, globally, in textile fairs.
Thomas Rojas, Director: Regional Office of Economic Development, USAID/Southern Africa; Terry Wyer, Director: Finance & Investment, USAID Southern Africa Trade & Investment Hub; Konstantin von Vieregge, Managing Director, Messe Frankfurt SA.
Dineo Skwambane, Head: SBU (Clothing & Textiles Sector Business Unit), Industrial Development Corporation (IDC); Gavin Fritz, Commercial Head, Coats SA; Tracy Berry, Fast React/DG Technologies; Kim George, Marketing Manager, Square Deal Sewing Machines; Robert Matthee, Technical Support Engineer, Square Deal Sewing Machines.
Paul Court, Senior Economist: Economic Research, City of Cape Town; Ken Lazarus, Creative Director, Cape Union Mart; Nicholas Large, Business Development Manager Africa, WGSN; Kerry-Lee Bell, Manager, Cape Town Fashion Council; Domonique Lezar, Administration, Cape Town Fashion Council.
FMD outbreak 'no threat to exports'
Pretoria (SA) – There has been an outbreak of foot and mouth disease (FMD) in the Giyani municipality in Limpopo Province, according to a statement by the Department of Agriculture, Forestry & Fisheries on September 5, but the outbreak is "outside the internationally recognised SA FMD free zone", and will there "not have any effect on the FMD-free status of the country and should also not have an effect on all exports of cloven-hoofed animals and their products from the FMD-free zone". Untanned hides fall into this category.
DTI reverses show limit decision
Pretoria (SA) – The DTI has reversed a decision to limit potential exporters to 4 paid-for exhibitions, according to the SA Footwear & Leather Export Council (SAFLEC). Executive director Nerisha Jairaj said SAFLEC had had the backing of textiles, clothing, leather and footwear chief director Abisha Tembo in discussions with the DTI's incentive development & administration division (IDAD).
They Said It
"Hey Tony, you always forget about me - 08/09/1954 birthday that is !!!!!!!!!!!!!!!!!!! Ok good at least I’m not on the memoriam list." - Former Shoe Connection member and current trader Denis Tuchten.
October 14: Cobblers' Luncheon, Goodwood Sports Club, Cape Town. Voden Wearne, +27 (0)21 551 4032, Voden.Wearne@apeco.co.za.
Birthdays this week
12/09/1940: Tony Mason, retired, formerly Resolute Engineering [closed], Cape Town.
In Memoriam this week
11/09/1998: Harry Chafkin, Chafkin's Shoe Co, Benoni.
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 08/09: Hides & skins prices
The average bovine hide price over the past week was R12.88/kg green. Hide prices are determined by the average of RMAA and independent companies. The average price for Dorper skins was R41.82/skin and Merino was R100.83/skin.
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, email@example.com
Next newsletter: September 18, 2017.