S&V Weekly Newsletter Vol.6 No.27, July 6, 2020
This Newsletter is sponsored by SAFLIA
Please note: Click on any ad to go to the advertiser’s website
Retail last week
Not a pretty picture
N.C. Denton Wholesalers, men's outfitter, 1 store
Navsaria Expert Shoe & Bag Repairs & Retail Store, repairer and shoe retailer, 1 store
Nevill's Clothing, men's and women's outfitter, 2 stores
No reaction yet to tanners', footwear manufacturers' quest to suspend increases this year
Durban, KZN, SA – The tanning and footwear sectors of the National Bargaining Council of the Leather Industry of SA (NBC) will meet tomorrow and on Friday respectively to follow up on last week's first round talks in which the employer organisations, the SA Tanning Employers' Association (SATEO) and the Southern African Footwear & Leather Industries Association (SAFLIA), tabled requests for no increases this year because of the state of the economy, NBC general secretary Gerald Naidoo said last Friday. In a multi-year agreement signed last year, both sectors had been in line for 7.5% increases.
Please note that the telephone number in the above ad was incorrect when it was first published. The number shown above is the correct number.
Correction to SAFLEC article
In the article on SA's footwear exports in the June issue of S&V Footwear & Leather Goods, it was stated that exports to Zambia had dropped by 250 000 million pairs. That should have been 250 000 pairs, obviously.
Stock Exchange News Service (SENS)
Steinhoff: Media release
Stellenbosch, W Cape, SA (July 01, 2020) – Steinhoff is continuing its journey to address past deficiencies, and to bring stability to the Group and its businesses.
HomeChoice: Trading update, dividend cancelled
Cape Town, W Cape, SA (July 03, 2020) - Shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) on 16 April 2020, which provided an update on the impact of Covid-19 and the national lockdown in South Africa on the Group and the postponement of the final dividend for the year ended 31 December 2019. The national lockdown has had a significant impact on demand in the retail business with an immediate slowdown in sales following the governments first announcement relating to the Covid-19 virus. The retail business, as an omni channel retailer, has seen significant growth in its digital channels of over 50% in the second quarter. However, the call centre was operating on much reduced staff and the showrooms were closed entirely during the lockdown. As a result, despite strong digital sales, the retail business has experienced a reduction in overall sales in the first half compared to the same period last year.
Competition Tribunal hears Senwesbel, Senwes bid to acquire Suidwes
Pretoria, Gauteng, SA - The Competition Tribunal last week heard the large merger proceedings whereby Senwesbel Ltd (Senwesbel) and its subsidiary, Senwes Ltd (Senwes), intend to acquire the entire issued share capital of Suidwes Holdings (Ring Fenced) (Pty) Ltd (Suidwes) through a scheme of arrangement in terms of section 114 of the Companies Act 2008. Post-merger, Senwes will exercise sole control over Suidwes.
Johannesburg, Gauteng, SA - Athan 'Saki' Baranos, managing member of leather goods manufacturer E. Baranos Leather Manufacturers, died on June 28 of the Covid-19 virus. An obituary will be carried in the July issue of S&V Footwear & Leather Goods later this week.
Durban, KZN, SA - Former KZN agent Campbell Nel has returned to the footwear industry as the KZN agent for Skechers, offering the full range of from casual sneakers to formal leather footwear. - +27 (0)84 569 6840, CampbellN@live.com
They Said It
"We no longer focus on sneakers as this is an import business. We now only work with factories in SA, which has been a great move." - Jarod Grossberg, director of sourcing company Geestep.
"I don't think anyone's looking for a fight." - Anonymous participant in this year's National Bargaining Council wage negotiations.
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. - firstname.lastname@example.org
1. SA Rand (ZAR)
2. Zambian Kwacha (ZK)
3. Zimbabwean Dollar (Z$)
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (July 01, 2020) - The current average hide price decreased by 3.5% to R0.69/kg from R0.70/kg green a week ago. The current price, however, is 5.7% higher than the average price a month ago and is 58.2% lower than the average price a year ago. The local hide industry is expected to remain under pressure for the next few months. NB* Hide prices are determined as the average of the RMAA (Red Meat Abattoir Association) prices and prices of independent companies. - Abrie Rautenbach, head Absa agribusiness, and Conce Moraba, agricultural economist, Absa group.
06/07/1974: Gary Gilder, formerly Bolton Footwear, Cape Town.
In Memoriam this week
06/07/1996: Eric Waterworth, King Tanning Company [closed], Pietermaritzburg.
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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:
THRIVING RETAIL BUSINESS FOR SALE IN KLERKSDORP
Ramjee's Shoe Store, an up-market, reputable and well-established Footwear and Men's Clothing outlet in an incredible location (between 2 Taxi ranks). Well stocked and with a fully trained team. Serves a host of discerning clients, locally and regionally.
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, email@example.com
Next newsletter: July 13, 2020.