S&V Weekly Newsletter Vol.6 No.32, Aug 11, 2020This Newsletter is sponsored by SAFLIAClick here to view newsletter onlinePlease note: Click on any ad to go to the advertiser’s website
Busby in voluntary business rescue, expects quick turnaroundJohannesburg, Gauteng, SA – Retailer and wholesaler The New House of Busby went into voluntary business rescue on July 30, CEO Bernard Mostert said last week, but he said the principal reason was to allow for a restructuring into a number of separate legal entities, and that he expected it to be "a fairly short process if the plan as presented to creditors and stakeholders is accepted". Retail Botswana Second lockdownArma Trading Store. Men's boutique, 1 store. Lesotho Reducing riskEllenbee. Men's and women's boutique, 1 store. Namibia Focussing on fewer brandsFabulous. Family outfitter, 5 stores.
South Africa Benefitting from payoutsFirst Stop Store. Family outfitter, 1 store.
Lower profits, more volumeFashion Feet. Family footwear and accessories, 1 store.
Mr Tekkie expandingGeorge, W. Cape, SA – Mr Tekkie will open its 38th store, in Brooklyn Mall, Pretoria, shortly.
Think! Shoes for saleBy Isabelle Steiger
Manufacturing School shoe factory to reopenJohannesburg, Gauteng, SA – School shoe manufacturer Etsang Dieta Primary Cooperative, which closed at the end of March, plans to reopen in the last week of August, chairperson Guguletho Nhlapo said on Friday.
Small factory planned for KimberleyKimberley, N. Cape, SA – Gerry du Toit, who retired from EVA Components in Durban in February last year, and who has been helping out at ballet footwear manufacturer Dancewell since, is moving to Kimberley at the end of August and will open a small footwear and leather goods factory there.
Stock Exchange News Service (SENS) Pepkor to dispose of building divisionCape Town, W. Cape, SA (August 04, 2020) – Pepkor is to sell its subsidiary, The Building Company (TBC), to Cashbuild Ltd., for R1 074 700 000. TBC is a building materials retail and wholesale business with 13 branches.
They Said It"Its Woman’s Day, so I’m taking full advantage – with the monsters home and no alcohol I need a break." - Zureitha Erasmus, marketing coordinator at BBF Safety Group's ad agency, Successful Media, on Friday, looking forward to yesterday's public holiday.
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. - tony@svmag.co.za
Exchange rates1. SA Rand (ZAR)
2. Zambian Kwacha (ZMW) Source: https://www.xe.com/currencyconverter/
3. Zimbabwean Dollar (ZWL$) Source: https://www.xe.com/currencyconverter/
ABSA Agri Trends: Hides & skins pricesJohannesburg, Gauteng, SA (August 10, 2020) - The current average hide price increased by 12.8% to R0.57/kg from R0.51/kg green a week ago. The current price is 14.6% lower than the average price a month ago and is 63.7% lower than the average price a year ago. Global and local demand is at very low levels. Prices are almost zero (across the board) with absolutely no demand and no expectation for any changes ahead. The local hide industry is expected to remain under pressure for the next few months. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. - Abrie Rautenbach, head Absa agribusiness, and Conce Moraba, agricultural economist, Absa group.
10/08/1951: Kevin Davidow, Nakara Leather, Namibia.
In Memoriam this week10/08/2006: Abdool Kader (AK) Seedat (b. 12/03/1933), agent, Durban. 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 linksWe 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:
Classified AdvertsZimbabwe manufacturer seeks componentsTika Shoes, which manufactures safety, security and military footwear, is looking for clearing lines of hook eyelets, footbeds and inner socks, foam linings and 20 mm buckles for combat boots. Please contact: Hashmook Naran, +263 77 328 2907 or tika@zol.co.zw
Contact usNews & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za Next newsletter: August 17, 2020. SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za Should you wish to subscribe email tony@svmag.co.za |
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