S&V Weekly Newsletter Vol.5 No.45, November 11, 2019
This Newsletter is sponsored by SAFLIA
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Good news last week
Tracking SA's recovery in the headlines:
Retail last week
Comment from 4 retailers on Saturday
SENS releases last week
1. TFG interim results September 2019
2. Truworths business update
Peter Adams, ex-TFG, joins FLIC
By Richard Starmer, FLIC
They Said It
"Nike's decision to close independent retailer accounts: Big chains, big winners. Street traders, selling fakes, big winners. But independent retailers, who built the brand, big losers." - Ginger Bhagwandas, Gingers International.
"You shouldn't be working on a Saturday. You should be riding a bike on the beachfront." - Jay's Outfitters director Yameen Mayet. Ah, Yameen - tell that to my bank manager.
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 08/11: Hides & skins prices
Hides: The current price is 7.5% lower than prices were a month ago and the current hide price is 64.5% lower than prices were a year ago. This week a slight uptick in local demand supported prices. Generally, the hide market sentiment is bearish, in line with the weak international hide market. Abundant supplies continue to weigh down the global and local market. Prices are not expected to rebound in the short to medium term. Sheep skins: The price for dorper skins remained unchanged at R23.33/skin and the price of merino skins increased by 8.5% to R41.43/skin this week. Compared to a year ago the price of dorper skins is 23.83% lower and the price of merino skins is 57.24% lower. - 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.
11/11/1940: David Chasi, Zambezi Tanners, Bulawayo.
In Memoriam this week
12/11/1997: Angus Ogilvie, Ogilvie's Shoes [closed], Pietermaritzburg.
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Have a look at these links
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Next newsletter: November 18, 2019.