S&V Weekly Newsletter Vol.4 No.14, April 9, 2018
This Newsletter is sponsored by SAFLIA
Please note: Click on any ad to go to the advertiser’s website
Steinhoff to sell stake in STAR Ltd
Steinhoff International Holdings N.V. yesterday (Wednesday, April 11) announced that it plans to sell 6% of Steinhoff Africa Retail Ltd (STAR), but that it intends to remain the majority shareholder. STAR includes major footwear and apparel chains Ackermans, Dunns, John Craig, Pep/Pep Africa/Powersales, Refinery, Shoe City and Tekkie Town, as well as furniture, homeware, hardware and computer chains. The statement read:
Chic: IDC explains payment shortly before liquidation
Johannesburg (SA) – The Industrial Development Corporation put over R9 million into Chic Shoes in December - a month before the directors put the company into liquidation - "as part of an orderly wind down process", IDC executive for corporate affairs, Zama Luthuli, has told S&V.
Durban (SA) – Jochen Eckhoff of CK Trust and Thomas van Zyl of Mazars Recovery & Restructuring have been appointed joint liquidators of Chic Shoes.
SLTC Countdown - 7 weeks to go
When: May 18-20.
Why we shouldn't tempt fate
After our brave commitment last week to be out on time this week, we owe readers an explanation as well as an apology. We had been without land lines for 10 days when Telkom repaired them on Monday morning. Almost exactly an hour later, Vumatel, which is installing internet cables in the area, accidentally sliced through the electric cable for most of the suburb, cutting off not just the phones, but all power as well. Power was only restored on Tuesday night at 21.30. They drilled through the water main yesterday (!), but that didn't affect production.
Birthdays this week
09/04/1970: Rob McCann, Treadsafe, Pinetown.
In Memoriam this week
13/04/2014: Theuns JK Viljoen (b. 25/12/1942), Divac, George.
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 06/04: Hides & skins prices
The average hide price over the past week was R8.86/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 R36.67, and for Merino skins was R82.50.
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
FUSION SEEKS LEATHER FINISHER
Fusion Leather in Atlantis, Western Cape is looking for a Leather Finisher.
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: April 16, 2018.