S&V Weekly Newsletter Vol.6 No.22, June 1, 2020
This Newsletter is sponsored by SAFLIA
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NCRF: All products can be sold, summer imports allowed, but lessons will have to be learnt
Cape Town, W Cape, SA – Any apparel retailer can sell any item of apparel, all apparel retailers are allowed to have all members of staff at work, and the only restrictions now are hygiene - masks, sanitizers and social distancing. That's the situation as of today as far as the National Clothing Retailers' Federation understands it, executive director Michael Lawrence said on Friday.
Cattell's Industrial Footwear: 'No idea' what to expect
Springs, Gauteng, SA – As a supplier of safety footwear, mostly to resellers, Cattell's has been open throughout the lockdown. Member Rob Cattell said the firm did around 20% of normal turnover during April, and 50% during May. "I've no idea what to expect going forward," he said. "I think we'll be lucky this year to do 80% of what we did last year."
Safety-Quip: Government helping, but...
By Farai Musungwa, proprietor
4IR Contactless commerce and the future post Covid-19
By Russell Addinall, FLIC
Euro Industrials: For the industry to recover, we all have to do 'the right thing'
By Sergio Guerrera
Stock Exchange News Service (SENS)
Truworths: Business update and trading statement
- Future of UK Office chain on the line
Woolworths: Trading update
Cape Town, W Cape, SA (May 27, 2020) – Further to the operational update published by the Company on the Stock Exchange News Service (SENS) of 6 April 2020, the spread of COVID-19 continues to have a pronounced impact on the Group. Given these unprecedented times, the Company provided shareholders with an update on the trading and operational environment across the business and the strategic initiatives underway to reposition the Group to deliver sustainable long-term shareholder value.
Pepkor: Interim results March 2020
Cape Town, W Cape, SA (May 27, 2020) – Mr Price Group wishes to affect a capital raise of up to 10% of the company’s ordinary issued shares at an appropriate point in time and as market conditions permit.
Mr Price denies interest in acquiring Jet
Durban, KZN, SA (May 28, 2020) – As a follow up to provide clarity on the Group’s circular and SENS announcement of 20 May 2020 regarding a general meeting for authority to affect a specific issue of shares of up to 10% of the Group’s issued ordinary share capital (“Equity Raise”), the Group advises as follows.
Cape Town, W Cape, SA – Cyril Saxe, founder of Lonshoe Holdings, died on May 23 after a long illness, aged 83. An obituary will follow in the next issue of S&V Footwear & Leather Goods.
They Said It
"Three of me are coming back to work!" - SAFLEC executive director Nerisha Jairaj, in a note to her staff. Nibbling on forbidden snacks was an occupational hazard of working from home, she said. Wonder if that's grounds for suing the NCCC?
Got anything you'd like to share?
Do you have any suggestions, comments or experiences about the lockdown that you'd like to share with the industry? We will publish the throughout the lockdown, so please let us know. - email@example.com
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
Johannesburg, Gauteng, SA (May 26, 2020) - The current average hide price decreased by 14.4% to R0.66/kg from R0.78/kg green a week ago. The current price, however, is 25.8% lower than the average price a month ago and is 61.9% lower than the average price a year ago. The hide situation was tough pre-Covid; it is now impossible. The knock-on effects of the COVID-19 outbreak, coupled with the global abundant stocks of hides and lack of demand continues to weigh on international and local hide prices. For now; hide prices are holding at almost zero; just with the sole aim to recover the costs incurred in salting and transporting material. The local hide industry is expected to remain under pressure in the short term. NB* Hide prices are determined as the average of the RMAA (Red Meat Abattoir Association) prices and prices of independent companies. - Conce Moraba, agricultural economist, Absa group.
01/06/1942: Chris Horne, The Little Slipper Company, Port Elizabeth.
In Memoriam this week
01/06/1992: Harry Gassert (Panther Shoe Co).
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:
URGENT APPEAL FOR A DISCARDED LAP TOP
PASTOR, LEADER OF A POOR RURAL COMMUNITY IN SWAZILAND - WHO’S LAP TOP WAS THE ONLY COMMUNICATION TO THE OUTSIDE WORLD - IS IN URGENT NEED OF A REPLACEMENT AFTER HIS WAS BROKEN. PLEASE CAN ANYBODY HELP?
Please follow the link to see more about his community
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: June 8, 2020.