S&V Weekly Newsletter Vol.7 No.06, Feb 8 2021This Newsletter is sponsored by SAFLIAPlease note: Click on any ad to go to the advertiser’s website
Business South Africa Tribunal to rule on John Craig takeoverJohannesburg, Gauteng – The Competition Tribunal is to rule on the takeover of Pepkor Speciality (Pty) Ltd chain John Craig by Studio 88's parent company, Blue Falcon 188 Trading (Pty) Ltd.
The Ghetto: Niche brands help keep turnover stableBoksburg, Gauteng – Member Bilal Daya, member of 3-store business Yousuf Suliman cc, which trades as The Ghetto and Funky Footwear, said trading has been "stable".
Men's boutique: It's fine, if you focusDurban, KZN – A 6-store men's boutique mini-chain who wished to remain anonymous said trade had been fair.
DMF Stores in business rescueJohannesburg, Gauteng – The DMF mini-chain, which specialises in parcels of branded goods, went into business rescue on January 15, according to a notice to all affected parties, signed by director David Fine.
UK Footwear chain Dune weighs CVA amid high street carnageUK fashion footwear chain Dune London seeking ways to survive, according to Sky News.
They Said It"What a brilliant account of things by the folk at Zaa Zaa Shoes. They are spot on with all of their assessments of the current situation. Unlike the absolute bs from WW in an article a little further down the page. Ask the Claremont branch if turnover is up or down for the Financial Year 2021. Then ask Sandton and then Umhlanga and East London. They will all tell you the same thing - 'we are properly down'." - A.P. Jones' Greg Bing, reacting to the reports in last week's newsletter. "I wouldn't do anything to help a chain." - Saeed Bux, MD of small stitchdown and moccasin manufacturer Elahi Footwear, Durban, KZN, SA. Elahi supplies independents and wholesalers, but in the 1980s and 1990s he was MD of major women's fashion footwear factory Suntime. He blames the fashion chains - all of them - for Suntime's closure and a huge personal loss.
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
08/02/1949: Jeff Isaacson, agent, Durban, KZN, SA.
In Memoriam this week08/02/2016: Vishal Rishidaw, Smiley’s Footwear, Durban, KZN, SA. 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.
Exchange rates1. SA Rand (ZAR)/Lesotho Loti (LSL)/Namibian Dollar (NAD)/Swazi Lilangeni (SZL)
Note: For previous rates, see HERE 2. Botswana Pula (BWP)
3. Malawian Kwacha (MWK)
4. Zambian Kwacha (ZMW)
ABSA Agri Trends: Hides & skins pricesJohannesburg, Gauteng, SA (February 03, 2021) - The current average hide price decreased by 3.0% to R4.04/kg from R4.16/kg a week ago. The current price is 1.2% lower than the average price a month ago and is 192.9% higher than the average price a year ago. Lower slaughter numbers are still supporting hide prices although the upward trend has lost some momentum in the past week. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. - Abrie Rautenbach, head Absa agribusiness, Marlene Louw, senior agricultural economist, and Paige Bowen, agricultural economist, Absa group.
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 AdvertsDistributor seeks manufacturers Zellie Footwear is a distributing company looking for factories that can manufacture PVC/jelly shoes.
Design department manager seeks postDevrajah (Teddy) Moodley, who had 31 years' experience with Michelle Footwear and was design department manager, followed by 2 year with Caprini Footwear as technical manager, seeks employment. He is prepared to relocate outside of Durban if required. A full CV, including references from both companies, is available. Please reply to 083 280 6915, moodleyteddy8@gmail.com
Contact usNews & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za Next newsletter: Feb 15, 2021. 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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