S&V Weekly Newsletter Vol.7 No.08, Feb 22 2021
This Newsletter is sponsored by SAFLIA
Please note: Click on any ad to go to the advertiser’s website
Eagle Clothing: Chain orders will disrupt deliveries of local goods
Cape Town, W. Cape, SA – Changing consumer buying habits and lockdown regulations have dramatically affected trading, said Paulo da Silva, director of plus size specialist Eagle Clothing, which has 24 stores and a growing online presence.
Bhamjee's: Ironic that Rand strengthens, but we can't risk buying more
Johannesburg, Gauteng, SA – After a December which offered "a glimmer of hope", the reintroduced Level 3 lockdown had led to a bleak January and a February which hasn't been much better, said Salma Muhammad of Bhamjee's Shoe Centre, regarded by many suppliers as a litmus test of independent retail.
Stock Exchange News Service (SENS)
Truworths: Interim results December 2020
Cape Town, W. Cape, SA (February 18, 2021) – Revenue for the interim period was 10.3% less at R9.9 billion (2019: R11.0 billion), gross profit decreased by 10.8% to R4.8 billion (2019: R5.4 billion) and trading profit lowered by 12% to R1.5 billion (2019: R1.8 billion). Profit attributable to equity holders declined to R1.3 billion (2019: R1.5 billion). In addition, headline earnings per share went down 7% to 339.3 cents per share (2019: 364.9 cents per share).
They Said It
"When you present to chains to promote a brand, and you can say to them 'and it's locally made', you see their eyes light up, because it ticks all sorts of boxes." - Agent Dionne Prinsloo, talking about the ongoing efforts of Kangol licensee Foothills Trading to localise production. So far, it's mostly clothing, but plans for local manufacture of footwear are far advanced.
Durban, KZN, SA – Bernhard Manock, founder of leather garment manufacturer Manock Naturals in 1961, died on February 02 of Covid, aged 87. An obituary will follow in S&V Footwear & Leather Goods later this week.
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
22/02/1967: Shabir Ahmed Moola, Moola’s Newcastle, KZN, SA.
In Memoriam this week
27/02/2010: Jean Mee ‘Mick’ Lailvaux (b. 22/02/1919), Service Agencies (closed), 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.
1. 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 prices
Johannesburg, Gauteng, SA (February 20, 2021) - The current average hide price increased by 16.1% to R4.80/kg from R4.14/kg a week ago. The current price is 19.2% higher than the average price a month ago and is 252.7% higher than the average price a year ago. Industry players are still reporting relatively low slaughter numbers and as such the amount of hides available on the market decreased. 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 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:
Design department manager seeks post
Devrajah (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, firstname.lastname@example.org
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, email@example.com
Next newsletter: March 1, 2021.