S&V Weekly Newsletter Vol.6 No.09, March 2, 2020
This Newsletter is sponsored by SAFLIA
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Retail so far this year
"It's been very difficult, and worse so far than last year. People are spending on staples, and there is less money for leisure. They shop out of necessity. We try to look for deals from suppliers, and sell old stock at discounted prices, like an ongoing Black Friday, but that affects other stock." - Fayaaz Dockrat, director, Sedgars, Vereeniging, Gauteng, SA. Department store and online.
Ihlobo Footwear: Creditors' meeting date
Pietermaritzburg, KZN, SA – The first creditors' meeting for Ihlobo Footwear will be on March 6, according to a spokesperson for joint liquidator Marcel Nel, of Berrangé Inc. She said the firm had a list of creditors, which it could not yet disclose. She said it had not yet been decided whether to make a claim against Bata SA. Bata and Ihlobo were involved in litigation over the supply of work by Bata to Ihlobo.
Steinhoff 'continues to rebuild value'
Stellenbosch, W Cape, SA (February 27, 2020) – Steinhoff International Holdings N.V. "continued [its] journey to address past deficiencies and to protect and rebuild value for our stakeholders during the first quarter of the 2020 financial year", according to its unaudited quarterly update for the 3 months ended December 31, 2019.
They Said It
"I'm not giving up my South African lifestyle for anything." - Former Footwear Trading director Stan Kotkin, who divides his time between SA - home - and Israel, where 2 of his 3 daughters, and 6 of his 7 grandchildren, live.
"Yes, he turns 75 tomorrow and mandatory retirement was done by most principals. We had to make the change in January 2020. Luckily succession planning was done - I've been with him for 25 years. We put him on semi-retirement, so I can keep the old bugger busy. Why wouldn't I use a legend with 40 years' experience in the industry!!" - Afro Thai Imports, Lizzard International and Jockey agent Raymond Schutte, on his father, Chris, who's birthday was on Sunday.
SLTC Convention: List of speakers
The list of speakers for the Society of Leather Technologists & Chemists (SLTC) SA Section annual convention (May 15-17) has been finalised. The international guest speaker is Johanna Höger, Assistant Department Manager of the Pruef- und Forschungsinstitut Pirmasens e.V., Germany.
The 2020 S&V Directory - Order now
The 2020 edition of the S&V Directory is in production and will be available soon. The online version is available immediately at R450 for 12 months' access.
2020 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: Hides & skins prices
Hide prices (February 19, 2020) - The current average hide price remains at R1.36/kg, compared to a week ago. The current price however, is 0.9% higher than prices were a month ago and is 44.4% lower than prices were a year ago. The local and global hide market remains under pressure, especially with the spreading of the coronavirus impacting manufacturing operations in China. - Conce Moraba, agricultural economist, Absa group.
02/03/1945: Sakkie van der Vyver, retired, formerly Adidas, Cape Town.
In Memoriam this week
02/03/1991: Edward Powell (b. 12/02/1967), agent, Johannesburg.
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Have a look at these links
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Next newsletter: March 9, 2020.