S&V Weekly Newsletter Vol.4 No.11, March 19, 2018
This Newsletter is sponsored by SAFLIA
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Sutherland Tannery: Hart secures loan, proposes settlement
Concurrent creditors offered 10c in the Rand
Pietermaritzburg (SA) – Sutherland Tannery majority shareholder Wynand Hart has secured a loan of R12.9 million from Business Partners with the aim of reaching a settlement with creditors and re- opening the business as a subsidiary of his other tanning company, Leather from Hart.
Treasury plans to make CTFL orders 'more meaningful' for industry
Pretoria (SA) – The National Treasury's contract management division says it is talking to various government departments and CTFL suppliers to make government tender orders more meaningful.
NRCS levies to increase 6%
Durban (SA) – Levies for most products covered by the National Regulator for Compulsory Specifications (NRCS), including safety footwear, will go up 6% - the same percentage increase as in 2017 - officials said at a fee and levy tariffs consultation session here on Monday.
Edcon results: Overall sales down, Edgars footwear and Zimbabwe stores report growth
Johannesburg (SA) – Edcon last week reported a 9.4% drop in retail sales to R7.6 billion in its unaudited trading update for the 13 weeks ended December 23. The total number of stores dropped 16.4% from 1 545 to 1 292.
Venue: Apartment 24, 77 Grayston Drive, Sandron
SLTC Countdown - 10 weeks to go
Columnist Sam Setter confirmed as guest speaker
The acerbic columnist who writes under the nom de plume 'Sam Setter' in Leather Magazine is to be a speaker at the SLTC Convention. He will also give an address at the annual dinner.
Lewis Hamilton to promote Tommy Hilfiger
Amsterdam, The Netherlands (March 15, 2018) – Tommy Hilfiger, which is owned by PVH Corp., has made British Formula One racing driver and four-time Formula One World Champion Lewis Hamilton will appear as the new global brand ambassador for Tommy Hilfiger men’s, including Hilfiger Collection, Tommy Hilfiger Tailored and Tommy Hilfiger menswear, underwear and swimwear, starting Spring 2018.
They Said It
"It's probably my height." - Tando Magolego, of the National Regulator for Compulsory Specifications, to Eugene du Toit, technical manager of the BBF group. He had said to her he felt much more comfortable dealing with the NRCS having met her in person. Pictured above right with Du Toit and BBF QA co-ordinator Rita Pooran, she stands a compact 1.5 m tall in her stockings.
Birthdays this week
19/03/1959: Deon van Rensburg, Wayne Plastics, Krugersdorp.
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 16/03: Hides & skins prices
The average hide price over the past week was R9.62/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 R33.75, and for Merino skins was R90.50.
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
The Southern Cape Regional Footwear Cluster is based in Great Brak River and supplies services and training to its members in the Southern Cape (Great Brak River and Oudsthoorn) as well as in the Western Cape (Cape Town). It is a Non-profit Company, funded by the DTI and its members and was establish to, among other objectives, develop and train future generations of well skilled Supervisory and operator production employees for the Footwear Industry.
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: March 26, 2018.