Publisher of leading trade magazines for the Footwear, Leather-goods, Leather & PPE industries

S&V Weekly Newsletter Vol.5 No.49, December 9, 2019

This Newsletter is sponsored by SAFLIA

Please note: Click on any ad to go to the advertiser’s website

 

Good news last week

Tracking SA's recovery in the headlines:
R4bn and business rescue to put wind beneath SAA's wings - Business Maverick, December 5
Dominant Blitzboks outclass NZ to win Dubai Sevens - Sport 24, December 7

 

Retail last week

Comment from 4 retailers on Saturday - location and a positive attitude help
"Since Black Friday there's definitely been an improvement. Customers were absolutely hyped up by Black Friday, and now they're starting their Christmas shopping. Carletonville has had to recover since the 6 months of strikes - we didn't have a Christmas shopping period last year, or a back-to-school, or an Easter, and consumers ran up a lot of credit which they're having to pay off now. However, I've noticed that they're budgeting a lot better than they used to. They won't compromise on school shoes, because they believe in the need to educate, but they will save on fashion. A positive for us is that there are a lot more women working on the mines and all their suppliers, some in senior positions, and we sell them fashion AND safety footwear. It's been a very tough year, but it's improving." - Yasmin Madhi, manager, Katy's Fashion, Carletonville, NW Province, SA. Independent, 2 stores, family outfitter.

  "I opened this store when I was 21 - 58 years ago - and I'm now 79. I'm going to close this business at some point because trading is very tough and the Chinese have messed everything up for everyone with their cheap stuff. No-one wants to buy a business like this. However, clothing is my game, so I may do something else in partnership with someone else." - Suresh Khatri, Khatri's Outfitters, Johannesburg, Gauteng, SA. Independent, 1 store, men's outfitter.

  "Lots of people came in on Black Friday, all wanting 50% off everything, not just our specials. Overall business is fair, not busy as before, but we're just carrying on." - Yogendra Chunilal, C. Khoosal Tailors & Outfitters, Johannesburg, Gauteng, SA. Independent, 1 store, men's outfitter.

  "Turnover isn't even 10% of what I did before. On Thursday, I didn't have a single sale. We used to have over 30 clothing and footwear stores in this area, and now there are 5 or 6. Customers are going to the malls or to the main CBD, but they aren't coming to shop for shoes or clothing in Tom Street, which used to be the old Indian area. The demographics in this area have changed, and the retailers here now are foreigners, catering to other foreigners, and mainly selling cheap food and cool drinks. I used to have 7 or 8 people working here on a Saturday - staff and family - and we couldn't cope. Now it's just me. This is a family business which started 62 years ago, and I've been here for 40 years, but there's no future for independents here." - Jugdish Kalidas, P.N. Kalidas & Sons, Brits, NW Province. Independent, 1 store, men's outfitter.

 

 

 

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.

  Monthly trade Cumulative trade Exports Imports
  Trade balance
(Rm)
Ratio
exports/imports
Trade balance
(Rm)
Ratio
exports/imports
Month total
(Rm)
Cumulative
2019 (Rm)
Month total
(Rm)
Cumulative
2019 (Rm)
Hides, skins & leather (140 563 000) 0.67 (402 906 542) 0.88 290 840 766 2 870 233 907 431 403 766 3 273 140 449
Footwear & accessories (1 158 953 448) 0.38 (10047241108) 0.41 342 061 446 2 484 076 451 1 501 014 894 12 531 317 554

 

Movement

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.
       Hurley is represented in SA by Bounty Brands.

 

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

 

Exchange rates

Source: http://www.x-rates.com/calculator/

 
  Euro € GBP £ US $ Yuan Renminbi ¥
05/01/2019 R15.94 R17.79 R13.99 R2.03
12/01/2019 R15.86 R17.76 R13.83 R2.04
19/01/2019 R15.76 R17.85 R13.87 R2.04
26/01/2019 R15.52 R17.97 R13.60 R2.01
02/02/2019 R15.26 R17.42 R13.32 R1.97
09/02/2019 R15.46 R17.66 R13.65 R2.02
16/02/2019 R15.90 R18.15 R14.09 R2.08
23/02/2019 R15.90 R18.32 R14.04 R2.09
02/03/2019 R16.17 R18.77 R14.22 R2.12
09/03/2019 R16.22 R18.79 R14.43 R2.14
16/03/2019 R16.31 R19.15 R14.40 R2.14
25/03/2019 R16.31 R19.02 R14.42 R2.14
30/03/2019 R16.26 R18.90 R14.49 R2.15
06/04/2019 R15.80 R18.36 R14.09 R2.09
13/04/2019 R15.76 R18.24 R13.95 R2.08
20/04/2019 R15.86 R18.33 R14.10 R2.10
27/04/2019 R16.03 R18.56 R14.37 R2.13
04/05/2019 R16.08 R18.88 R14.34 R2.13
11/05/2019 R15.91 R18.40 R14.16 R2.07
18/05/2019 R16.09 R18.32 R14.41 R2.08
25/05/2019 R16.15 R18.32 R14.41 R2.08
01/06/2019 R16.28 R18.41 R14.57 R2.11
08/06/2019 R16.95 R19.03 R14.94 R2.16
15/06/2019 R16.61 R18.65 R14.81 R2.14
22/06/2019 R16.30 R18.24 R14.32 R2.08
29/06/2019 R16.01 R17.88 R14.08 R2.05
06/07/2019 R15.91 R17.74 R14.17 R2.05
13/07/2019 R15.75 R17.57 R13.97 R2.03
20/07/2019 R15.63 R17.42 R13.93 R2.02
27/07/2019 R15.91 R17.68 R14.29 R2.07
03/08/2019 R16.42 R17.97 R14.78 R2.13
10/08/2019 R17.08 R18.34 R15.25 R2.16
17/08/2019 R16.97 R18.58 R15.30 R2.17
26/08/2019 R17.00 R18.74 R15.27 R2.13
31/08/2019 R16.68 R18.46 R15.18 R2.12
07/09/2019 R16.32 R18.13 R14.79 R2.07
14/09/2019 R16.22 R18.16 R14.55 R2.05
21/09/2019 R16.44 R18.61 R14.92 R2.10
28/09/2019 R16.55 R18.61 R15.14 R2.12
05/10/2019 R16.52 R18.56 R15.04 R2.10
12/10/2019 R16.32 R18.68 R14.78 R2.08
19/10/2019 R16.52 R19.19 R14.78 R2.08
26/10/2019 R16.20 R18.74 R14.61 R2.06
04/11/2019 R16.54 R19.17 R14.82 R2.10
09/11/2019 R16.37 R18.98 R14.85 R2.12
16/11/2019 R16.26 R18.98 R14.71 R2.09
23/11/2019 R16.21 R18.88 R14.71 R2.09
30/11/2019 R16.16 R18.95 R14.65 R2.08
07/12/2019 R16.17 R19.20 R14.62 R2.07
Note: For previous rates, see HERE

 

 

 

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.

Hide & skin price progression
Date Hides/Kg Dorper/Skin Merino Skin
2018/01/05 11.17 38.33 87.00
2018/01/12 11.17 32.14 101.65
2018/01/19 10.86 36.11 91.50
2018/01/26 10.39 32.50 92.22
2018/02/02 10.17 33.13 91.27
2018/02/09 9.94 32.50 88.26
2018/02/16 9.60 32.86 89.97
2018/02/23 9.85 31.25 80.97
2018/03/02 9.66 32.22 89.56
2018/03/09 9.62 33.75 90.50
2018/03/16 9.56 32.22 87.63
2018/03/23 9.22 33.22 84.00
2018/03/30 8.86 36.67 82.50
2018/04/06 8.98 35.00 81.25
2018/04/13 8.40 35.13 86.00
2018/04/20 8.18 34.13 86.11
2018/04/27 7.89 33.33 83.13
2018/05/04 8.14 29.00 72.50
2018/05/11 7.71 30.50 82.22
2018/05/18 7.78 31.38 86.06
2018/05/25 7.74 30.71 95.89
2018/06/01 7.43 31.67 87.50
2018/06/08 7.67 32.11 87.40
2018/06/15 7.60 32.50 86.70
2018/06/22 7.13 32.78 86.50
2018/06/29 7.04 32.14 86.67
2018/07/06 7.07 35.83 91.78
2018/07/13 5.74 40.63 95.27
2018/07/20 5.85 40.56 96.83
2018/07/27 5.73 36.67 89.11
2018/08/03 5.32 34.44 87.10
2018/08/10 5.31 35.00 91.11
2018/08/17 5.34 36.00 91.00
2018/08/24 5.21 33.13 96.88
2018/08/31 4.61 35.45 95.18
2018/09/07 4.65 30.00 99.38
2018/09/14 5.08 34.50 93.91
2018/09/21 4.93 30.00 95.02
2018/09/28 5.13 37.30 95.56
2018/10/05 5.00 30.56 95.00
2018/10/12 4.95 31.25 92.87
2018/10/19 4.69 31.11 92.60
2018/10/26 4.82 31.67 85.90
2018/11/02 4.85 30.63 96.88
2018/11/09 4.33 31.11 97.00
2018/11/16 4.15 30.78 91.28
2018/11/23 3.93 30.56 95.00
2018/11/30 3.85 30.63 95.00
2018/12/07 3.82 30.71 92.50
2018/12/14 3.74 31.25 81.43
2018/12/21 3.89 32.00 91.00
2018/12/28 3.71 31.00 84.00
       
2019/01/04 3.71 33.00 96.69
2019/01/11 3.94 33.75 92.78
2019/01/18 3.00 31.11 81.67
2019/01/25 2.83 30.63 87.50
2019/02/01 2.53 33.75 79.61
2019/02/08 2.95 25.83 62.01
2019/02/15 2.45 31.88 49.21
2019/02/22 2.04 31.00 45.00
2019/03/01 1.72 28.33 45.00
2019/03/08 1.63 31.00 45.71
2019/03/15 1.60 32.00 54.03
2019/03/22 1.67 33.00 45.00
2019/03/29 1.53 32.50 38.64
2019/04/05 1.68 33.00 43.57
2019/04/12 1.79 32.50 40.82
2019/04/19 1.78 32.50 42.61
2019/04/26 1.82 33.00 44.29
2019/05/03 1.71 34.00 44.29
2019/05/10 1.72 36.67 45.64
2019/05/17 1.72 35.71 48.75
2019/05/24 1.74 32.50 41.90
2019/05/31 1.69 33.00 45.00
2019/06/07 1.69 25.83 38.57
2019/06/14 1.68 25.83 36.08
2019/06/21 1.68 25.83 36.08
2019/06/28 1.67 25.00 38.57
2019/07/05 1.70 24.00 38.57
2019/07/12 1.71 25.00 36.00
2019/07/19 1.71 25.83 36.33
2019/07/26 1.59 25.83 36.00
2019/08/02 1.58 28.75 41.67
2019/08/09 1.57 25.83 36.04
2019/08/16 1.54 24.00 35.96
2019/08/23 1.52 25.83 35.98
2019/08/30 1.51 25.83 36.37
2019/09/06 1.53 25.83 38.57
2019/09/13 1.78 25.83 38.57
2019/09/20 1.79 25.00 35.50
2019/09/27 1.78 23.33 39.29
2019/10/04 1.86 23.33 39.29
2019/10/11 2.09 23.33 39.29
2019/10/18 1.74 23.33 39.00
2019/10/25 1.65 23.33 38.19
2019/11/01 1.72 23.33 41.43
2019/11/08 1.61 21.67 42.86
2019/11/15 1.64 19.44 42.86
2019/11/28 1.65    
For previous prices, see HERE
 

  

09/12/1944: John Watt, Bresan Footwear, Pietermaritzburg.
09/12/1949: Bob Ludlow, Albertina Bay, Durban.
09/12/1957: Rory Anderson, Rory Anderson Agencies, Cape Town.
09/12/1977: Yusuf Salie, AM Showroom/Shoe City, Marble Hall.
09/12/1990: Trent Hawke, Chillisource, Durban.
10/12/1954: Rolf-Dieter Fuchsmann, ?, formerly DED, Ethiopia.
10/12/1965: Benson Gor Okumu, Futura Footwear, Pinetown.
11/12/1965: Anwar Cassim, Catwalk Footwear Manufacturers, Durban.
12/12/1937: M Kadwa, Umzinto Wholesalers, Umzinto.
12/12/1949: Johan Barnard, Envirotan, Port Elizabeth.
12/12/1956: Chandrakant Dajee, Avalon Job Buyers.
12/12/1970: Kobus Louw, Morgan Beef/Brits Leathers, Pretoria.
12/12/1980: Craig Lahee, Ritewear Footwear, Cape Town.
13/12/1959: Kersie Govender, CK Shoes, Pietermaritzburg.
13/12/1960: Ebrahim Sonpra, Sonpra’s Warehouse, Pietersburg/Polokwane.
14/12/1953: Rachmat Thomas, Chic Shoe Manufacturers, Cape Town.
14/12/1957: Paul Henshaw, Puma, Cape Town.
14/12/1988: Lu Fraser, Claw Boot International, Johannesburg.
15/12/1973: Charl Lucas, Springbok Skoeisel, Springbok.
15/12/1975: Sabrina van Rooyen, Van Hobs Dry Cleaners, Pretoria.
15/12/1983: David Fox, Good Hope Sales, Cape Town.

 

In Memoriam this week

14/12/2016: Allan Capell, (b. 01/07/1932), Capelli [closed], Durban.
14/12/2016: Raman Merchant (b. 02/06/1929), Merchant’s Outfitters, Port Elizabeth.

Have you let us know about your birthday, or the birthdays of your colleagues? Our readers love this section, so please become part of it. This also applies to the In Memoriam section. Help us remember former colleagues.

 

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:
BLP Rubber & Plastic Supplies, Pietermaritzburg, KZN, SA. Plastic and rubber components.
Blueberry Blush, Durban, KZN, SA. Retailer and wholesaler, women's footwear.

 

Contact us

News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za

Next newsletter: December 16, 2019.

SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za

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