S&V Weekly Newsletter Vol.6 No.44, Nov 2, 2020This Newsletter is sponsored by SAFLIAPlease note: Click on any ad to go to the advertiser’s website
Busby creditors back rescue planJohannesburg, Gauteng, SA – The New House of Busby has been given a lifeline by creditors. In a statement, CEO Bernard Mostert said: "The Busby business rescue plan was voted on on Monday and received a 91% approval from creditors. We have not yet put out a more detailed report. It is great to have been able to save the business and I must say it was good to see how any lenders and creditors aligned with the future vision of the company and that we can forge ahead."
Business Botswana Not enough customersMen's outfitter who preferred anonymity.
Namibia Local consumers appreciate qualityHerbert Schier, member, African Leather cc, veldskoen manufacturer and leather goods retailer.
South Africa 'It's next year that concerns me'Ismail Karolia, director, Malvern Shoe & Clothing (Pty) Ltd. Family outfitter, 1 store.
Focusing on repairs, smaller itemsArun Prag, member, Prag Shoes & Leatherworks cc t/a Prag Leather & Luggage. Luggage, leather goods and shoe repairer, luggage and leather goods retailer, 1 store.
Good, but overall the year will be ordinaryJeremy Nel, brand manager, Crown Footwear. Importer.
Oops Correction to OR Leathers articleBrits, N.W. Province, SA – For reasons I am at a loss to explain, the following text appeared in the October issue of S&V African Leather, quoting Johan May, sales agent for OR Leathers: "There are enough hides available, but at a higher price - an 8% increase from June to September as compared to the same period last year."
Death noticeCape Town, W. Cape, SA – David Berry, An obituary will appear in S&V Footwear & Leather Goods later on Wednesday.
They Said It"I see in your birthday column that you don't know Bob Brown's year of birth - it's 1896." - Italian Leather's Lionel Astill. In fact, it was 1934, a very helpful person at Crown confirmed for me. Meanwhile Lionel has some quite dramatic news which he doesn't want to share. So let me just say he has a new postal code. Far away. 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)
Note: For previous rates, see HERE
ABSA Agri Trends: Hides & skins pricesJohannesburg, Gauteng, SA (October 12, 2020) - The current average hide price increased by 10.3% to R1.50/kg from R1.36/kg green a week ago. The current price is 146.9% higher than the average price a month ago and is 19.4% lower than the average price a year ago. The domestic hide price was at such a low level that any improvement in price is dramatic. The global hide market has seen an improvement in hide prices due to an improvement in the upholstery sector as people perform home improvements and home décor with a big push for leather upholstery. Expectations among industry members is that prices will continue to see an improvement in the coming months until reaching a more sustainable level where prices will then likely hold. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. - Abrie Rautenbach, head Absa agribusiness, and Paige Bowen, agricultural economist, Absa group.
02/11/1934: Hawa Shaikh, formerly Amshu Distributors, closed, Greytown.
In Memoriam this week03/11/2007: Ahmed ‘Bull’ Patel, hand stitching CMT operator, Greytown. 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:
Contact usNews & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za Next newsletter: Nov 9, 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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