S&V Weekly Newsletter Vol.6 No.24, June 15, 2020
This Newsletter is sponsored by SAFLIA
Please note: Click on any ad to go to the advertiser’s website
TFG: Orders recommenced
Cape Town, W Cape, SA (June 12, 2020) – We have already re-commenced orders and purchasing according to customer demand.
Edcon: No answers yet about potential buyers
Johannesburg, Gauteng, SA (June 11, 2020) – According to Moneyweb, "the list of Edcon’s secured creditors, published as part of the business rescue plan on Monday, reveals that a total of R3.7 billion is owed to more than 80 entities. The list of unsecured creditors is likely far larger (running to many more billions), but these businesses are either fourth or last in the queue, depending on their status. The business rescue practitioners have announced that they are pursuing an accelerated sales process of parts of the Edcon group after no buyers nor any investors were found for the entire business."
Shoe Empire calls it quits
Boksburg, Gauteng, SA – 3-store discount retailer Shoe Empire went into liquidation on May 29 and ceased trading on June 4, MD Mario da Silva said last Wednesday.
Rescue package for Adidas
According to a report in Bloomberg on April 14, Adidas AG was approved for 3 billion euros ($3.3 billion) in aid from the German government and banks, and the company will cease dividend payments as it grapples with the fallout from the coronavirus crisis.
They Said It
"You should have been a rabbi...You enjoy cutting people's xxxxxs off." - Footwear agent Ian Gordon, to me.
"But I've lost a lot of weight since then...you know, all those cancelled orders." - Gordon again, referring to his WhatsApp photo.
"No, no, no!!!!!" - Dr Clive Jackson-Moss of the ISTT responding to my request to use an email comment from him in this column. Spoil sport. All I can tell you is that it had to do with sheep and sexual orientation.
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 (June 08, 2020) - The current average hide price decreased marginally by 0.3% to R0.71/kg from R0.72/kg green a week ago. The current price, however, is 12.8% lower than the average price a month ago and is 57.7% lower than the average price a year ago. Prices are extremely low across the board. There’s no local automotive manufacturing, which is driving the hide demand to non-existent levels. The local hide industry is expected to remain under pressure for the next few months. Stakeholders hope that the export market will pick up again from August/September. 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.
15/06/1945: James Cragg, agent, East London.
In Memoriam this week
17/06/1994: Roy Inggs (b. 18/06/1932), Inggs Shoe Stores [closed], Roodepoort/Florida.
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:
LUCRATIVE BUSINESS FOR SALE – DURBANVILLE – WESTERN CAPE
This business was established in 2007 and is an operational going concern. The Business has a loyal and large customer base in the WC and other provinces and offer excellent and affordable Hunting and Game skins products to the general public and commercial Wholesale/Retail trade.
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, firstname.lastname@example.org
Next newsletter: June 22, 2020.