S&V Weekly Newsletter Vol.5 No.49, December 9, 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 - location and a positive attitude help
SA trade stats, October 2019
Pretoria, Gauteng, SA (November 29, 2019) – The SA Revenue Service (SARS) released trade statistics for October which gave an overall trade surplus of R3.09 billion. Hides, skins & leather, footwear & accessories and textiles & clothing, however, showed negative trade balances.
Johannesburg, Gauteng, SA – Nadine Venter joined PQ Clothing Outlet at the end of October as buyer across all categories. She was previously with corporate apparel, work wear, chef wear, sportswear, headwear, gifts and bags supplier Kevro. Her predecessor, Jasmin Pereira, has emigrated.
Bluestar Alliance acquires Hurley
New York, U.S.A. (December 6, 2019) /PRNewswire/ – Bluestar Alliance, LLC (BSA) announced today that it has completed the acquisition of Hurley International, LLC from NIKE, Inc.
They Said It
"Well I can't sleep all day!" - Suresh Khatri, Khatri's Outfitters in Johannesburg, explaining why, at age 79 and planning to close his retail business, he's still looking at setting up another business involving apparel. Hopefully he'll be involved with the industry for years to come.
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 updated most 2020 trade fairs and conferences on our website, linked to their websites: http://www.svmag.co.za/events
ABSA Agri Trends 06/12: Hides & skins prices
The current average hide price is R1.41/skin, this is 14.5% lower than last week’s price of R1.65/skin. The current price is 18.0% lower than prices were a month ago and the current hide price is 63.3% lower than prices were a year ago. Over supply in Europe and China continues to weigh on the global market prices. Locally all automotive plants will be closing this week which will keep prices at the current low levels in the short to medium term. The price of merino skins remained unchanged at R45.71/skin this week. The Dorper skin price was lower by 2.6% week on week at R30.74/skin. Compared to a year ago the price of dorper skins is 0.4% lower and the price of merino skins is 51.88% lower. National auctions on livestock have been banned, which will place producer cash flows under pressure because they can't sell their livestock..- Conce Moraba, agricultural economist, Absa Group. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies.
09/12/1944: John Watt, Bresan Footwear, Pietermaritzburg.
In Memoriam this week
14/12/2016: Allan Capell, (b. 01/07/1932), Capelli [closed], Durban.
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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:
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, email@example.com
Next newsletter: December 16, 2019.