S&V Weekly Newsletter Vol.5 No.36, September 9, 2019
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Retail last week
Comment from 5 retailers on Saturday
Stock Exchange News Service (SENS) release
Steinhoff - results of the general meeting
Choppies - availability of forensic report
Cry the beloved Zimbabwe - and a curry hint
In reaction to the article on Zimbabwe in S&V Footwear & Leather Goods on Friday, retired former PMC director Dieter Zettler wrote: "Like many others I feel deeply about the country as it was part of my sales portfolio between 1965 and 1975 when Rolf [Oltmanns] took it over. At the height of it, Bata in Gwelo produced 40 000 pairs per day – partly because of the tekkie plant. They also had their own rubber plant and tannery. The staff was highly motivated and educated with a lot of line managers being Zimbabweans. R.K. Footwear installed the most modern machinery on par with Europe at that stage and Footwear & Rubber the first 2 station, direct injection moulding machine working with uppers on wooden lasts. Their joint MD, Otto Roubicek, did of course lay the foundation for Bata’s first factory in Africa if I am not mistaken in 1936. But remember all my comments are from a 78 year old. "PS: I am rambling on. Kogie Naidoo, who was Roy Eckstein’s receptionist at Jaguar Shoes, moved on to the office staff of Hilton College and if you by any chance visit the Hilton Art Festival this coming weekend, you will find her operating a food stall with excellent curry in the main catering tent."
They Said It
"I'm happy to write you a comment. I'll sit down with a box of tissues next to me, and..." - Barry Selby, member of Cape Town retailer The Athlete's Foot. But he's clearly essentially an optimist, because he added: "I'm 75 or 76 or whatever, and I've just signed another 3-year lease." Good on you, Barry. Love the 'whatever' bit. His birthday was on August 5, and he turned 76.
"A third of all shoppers will drop you if they have even one bad experience. That’s a startling fact from a recent Oracle study, which means you have to get the customer experience right—every time." - Sunrise Technologies, quoted in Sourcing Journal.
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
ABSA Agri Trends 28/08: Hides & skins prices
Hides: R1.52/kg. This is 1% lower than last week’s price of R1.54/kg. The current price is 70.8% lower than prices were a year ago. The market remains under immense pressure, a recovery is not be expected in the short to medium term. The impact of the big decline on hide prices plays an important role in the broader beef industry, because hides form a part of the cattle’s ‘fifth quarter’ which contributes to the processor’s return from animal purchased. During 2017 and 2018, beef prices were so good, which probably meant that the lower hide prices had a minimal impact and could have been overlooked. However, beef prices have declined now and this is bringing the hide value component back into the spotlight. - Wessel Lemmer, senior agricultural economist, Absa Group. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies.
09/09/1929: Bill Hoffman Erlings, Johannesburg.
In Memoriam this week
09/09/2000: Erik Peter Rormose (b. 11/03/1934), Bulley’s Tannery/Coja Tannery/Silverton Tannery/KwaNdebele Tanning/Kembe Estates.
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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:
Shoe sales position sought for Western Cape
I am looking for a sales representative position in the Western Cape with an established shoe company. I have had 7 years' experience with a major brand which has withdrawn from wholesale. Please contact Stan Sadman, 083 485 9121 or firstname.lastname@example.org.
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, email@example.com
Next newsletter: September 16, 2019.