S&V Weekly Newsletter Vol.7 No.27, July 5 2021
This Newsletter is sponsored by SAFLIA
Please note: Click on any ad to go to the advertiser’s website
Counterfeit raid - no comment from attorneys
Pretoria, Gauteng, SA – Law firm Adams & Adams last week declined to provide any information on a raid on a Durban shoe factory which it had announced on Facebook on June 28.
The Facebook message read: "The South African Police Service (SAPS) in collaboration with the Adams & Adams Anti-Counterfeiting team shut down a manufacturing plant of counterfeit footwear in Durban. Large quantities of pairs of sandals, shoe components and machines were found and seized."
In response to queries from S&V Lebogang Thobye, account manager: media relations wrote: "With regard to your query, we unfortunately cannot provide additional information at the moment. We hope that you can understand that due to client confidentiality, the pure nature of anti-counterfeiting operations, as well as the recent implementation of the Protection of Personal information Act, Mr Budeli, Head of the Anti-Counterfeiting and Anti-Piracy Team at Adams & Adams cannot comment further on this matter. I hope you understand, should you have any other queries please let me know."
Paramount: Closed following unrest
Manzini, Eswatini – Following unrest, Paramount Tailors & Outfitters has been closed since Tuesday last week, director Mitesh Valob said on Saturday. "We'll decide on Monday or Tuesday whether it's safe enough to re-open," he said. "What we're worried about is looting." He said some retailers were open, but aside from him, none of those S&V tried to contact on Saturday answered.
He said business had been "quiet" for the past 3 months.
"Normally the second half of the year is busier, but I don't know what to expect this year. Clothing is a luxury, money is tight, and we're at the top end. Consumers are buying less, and the more medium- to lower-priced brands are selling better than the more expensive ones."
He said Internet and social media connections were "very limited", but it wasn't clear whether that was a deliberate policy by the government.
Eagle Clothing: Things were going so well
By Paulo Da Silva, director
Cape Town, W. Cape, SA – Trade from March to Mid-June was fantastic and beyond our expectations. We were really on a beat and consumer confidence on the up again.
Unfortunately as soon as the Covid numbers started escalating in Gauteng ( even before the president's announcements of a lockdown ) we noticed a sharp decline and more so when the lockdowns were enforced.
Even though Gauteng seems to be the epicentre, this has not made it easier in any other province which directly points to the fact that consumers are in panic mode again across the country.
I feel that we as a nation have to come to terms and understood what is expected of us as citizens on how to prevent numbers increasing and avoiding interactions with other people.
This is going to be a tough 2 months ahead but I am optimistic about a bounce back in sales over the summer period this year.
We have had no shortages of supply thankfully. However, shipping and container prices have escalated through the roof! Unfortunately this will result in a increased cost of product and exceptionally difficult to offload to the ever struggling consumer.
Margins are being pressurized and overall consumers are looking for value.
On the brand side of things we only have our own label which is Eagle Clothing.
Stock Exchange News Services (SENS)
Richemont - acquisition of Delvaux
Stellenbosch, W. Cape, SA (30 June, 2021) – Richemont has acquired 100% of Delvaux, the Belgian luxury leather goods Maison, in a private transaction.
Established nearly two centuries ago in 1829, Delvaux is the oldest luxury leather goods Maison in the world. It has a unique heritage, expressed through the richness of its archives, and distinguishes itself through its exceptional savoir faire and creativity. In 1908, Delvaux was the first to file an official patent for a leather handbag and can thus be called the inventor of the modern luxury handbag.
Delvaux's leather pieces are crafted by skilled artisans in its workshops across Belgium and France, and mostly sold across a highly qualitative network of 50 boutiques worldwide. Richemont's acquisition will position Delvaux for its next stage of development, by enabling Delvaux to leverage the Group's global presence and digital capabilities, to develop its omnichannel opportunities and customer engagement.
Rex true provision of financial assistance
Cape Town, W. Cape, SA (Wed 30 Jun 2021) – According to a SENS announcement, women's outfitting chain Queenspark has bailed out its Namibian subsidiary for about R7.5 million which it owed to its parent company. Queenspark is owned by JSE-listed Rex Trueform Ltd.
Death Notices
"Another for your death notices. Guy Blake (Western Cape agent) unfortunately passed away last Friday the 25th June at the age of 50. A real fighter who beat cancer at the end of last year, but unfortunately succumbed to Covid-related issues. - Byron Mulholland, Milka Sports
They Said It
Below, 2 responses I received last week when I asked people for photos of themselves to go with articles:
"Attached – best I could find, I don’t have many photos of myself (I have cropped out Father Christmas)." - Jason Wilkins. Freestyle Footwear agent, Johannesburg, Gauteng, SA.
"Absolutely not!!! My grey hairs are private and confidential!!!" - Gale Rice, director of The Courteney Boot Co., Bulawayo, Zimbabwe.
Directory and Calendar updates
The S&V Directory and the S&V Calendar are dynamic documents, undergoing ongoing constant updating. Readers are therefore advised to refer to them at least once a 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. - tony@svmag.co.za
05/07/1941: Judy Powell, retired, Trafalgar, KZN, formerly Footwork, Johannesburg, Gauteng, SA.
06/07/1974: Gary Gilder, formerly Bolton Footwear, Cape Town, W. Cape, SA.
07/07/1955: John Kotze, Designer Marketing Int. Johannesburg, Gauteng, SA.
07/07/1959: Lenette van Vuuren, Incredible Shoes, Ladysmith, KZN, SA.
07/07/1965: Anil Rupnarain, Michelle Footwear, Durban, KZN, SA.
07/07/1966: Sakkie Kriel, Vellie Boutique, Boksburg, Gauteng, SA.
07/07/19xx: Jaybharat Jethwa, The African Boot Co., Nairobi, Kenya.
08/07/1950: Sam Muller, BEC Safety, Port Elizabeth, E. Cape, SA.
09/07/1942: Cecil Fenwick, Saddler Belts & Leathercraft, Durban, KZN, SA.
09/07/1949: Bryn Proctor, ?, formerly Crown Footwear, Pinetown, KZN, SA.
09/07/1958: Johan Kriel, retired, formerly Bolton Footwear, Great Brak River, W. Cape, SA.
09/07/1969: Hein Jonker, Ostrich Products SA, Oudtshoorn, W. Cape, SA.
09/07/1975: Gian-Paolo Bresolin, left the industry, formerly Andreoli Shoes [closed], Pinetown, KZN, SA.
10/07/1940: Erwin Metzger, Sanata Footwear, Durban, KZN, SA.
10/07/1945: Colin Symons, retired, formerly Elco Plastics, Cape Town, W. Cape, SA.
10/07/1970: Shelley Zhang, left the country, formerly Lavanda Shoes [closed], Randburg, Gauteng, SA.
10/07/1972: Annah-Mae Blair, The New Shoe Company, Durban, KZN, SA.
10/07/1976: Johan Venter, Rolfes Leather, Boksburg, Gauteng, SA.
11/07/1945: Maureen Liebenberg, retired, formerly Barker Footwear, Cape Town, W. Cape, SA.
11/07/1964: Hafiza Shaikh, left the industry, formerly Amshu Distributors (closed), Greytown, KZN, SA.
11/07/1975: Cassim Dawjee, Moola’s Fashion House, Newcastle, KZN, SA.
In Memoriam this week
05/07/1999: Norman Berrill, Jack & Jill [closed], Port Elizabeth, E. Cape, freelance designer, Durban, KZN, SA.
06/07/1996: Eric Waterworth, King Tanning Company [closed], Pietermaritzburg, KZN, SA.
06/07/2020: Malcolm Novos (b. 28/04/1949), Economic Shoe Store, Paarl, W Cape, SA.
07/07/1993: Rob Scallan, Tuftex, Port Elizabeth, E. Cape, SA.
09/07/2015: Mahomed Ebrahim Haffejee (b.18/08/1930), Capri Bag, Durban, KZN, SA.
10/07/2002: Rodger Brewitt (b. 25/11/1947), Bata Zimbabwe, Gwelo, Rhodesia/Bata SA, Pinetown, KZN, SA.
10/07/2014: Terry Thomas (b. 12/05/1935), agent, 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 rates
1. SA Rand (ZAR)/Lesotho Loti (LSL)/Namibian Dollar (NAD)/Swazi Lilangeni (SZL)
Source: http://www.x-rates.com/calculator/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 2021/05/22 |
R17.00 |
R19.75 |
R13.96 |
R2.16 |
| 2021/05/29 |
R16.79 |
R19.56 |
R13.77 |
R2.16 |
| 2021/06/05 |
R16.84 |
R19.49 |
R13.76 |
R2.15 |
| 2021/06/19 |
R17.03 |
R19.82 |
R14.36 |
R2.22 |
| 2021/06/26 |
R16.88 |
R19.63 |
R14.14 |
R2.19 |
| 2021/07/03 |
R16.91 |
R19.70 |
R14.25 |
R2.20 |
Note: For previous rates, see HERE
2. Botswana Pula (BWP)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 2021/05/22 |
13.06 |
15.18 |
10.73 |
1.66 |
| 2021/05/29 |
12.97 |
15.10 |
10.63 |
1.67 |
| 2021/06/05 |
13.01 |
15.05 |
10.62 |
1.66 |
| 2021/06/19 |
12.82 |
14.92 |
10.81 |
1.67 |
| 2021/06/26 |
12.97 |
15.09 |
10.87 |
1.68 |
| 2021/07/03 |
12.95 |
15.09 |
10.91 |
1.68 |
3. Malawian Kwacha (MWK)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 2021/05/22 |
968.84 |
1125.67 |
795.46 |
123.62 |
| 2021/05/29 |
963.70 |
1122.37 |
790.24 |
124.09 |
| 2021/06/05 |
970.94 |
1129.95 |
798.14 |
124.80 |
| 2021/06/19 |
948.37 |
1103.68 |
799.43 |
123.88 |
| 2021/06/26 |
961.88 |
1118.55 |
805.90 |
124.84 |
| 2021/07/03 |
958.45 |
1116.77 |
807.73 |
124.79 |
4. Zambian Kwacha (ZMW)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 2021/05/22 |
27.44 |
31.88 |
22.53 |
3.50 |
| 2021/05/29 |
27.42 |
31.93 |
22.48 |
3.53 |
| 2021/06/05 |
27.51 |
32.02 |
22.61 |
3.53 |
| 2021/06/19 |
26.85 |
31.26 |
22.64 |
3.50 |
| 2021/06/26 |
27.04 |
31.46 |
22.66 |
3.51 |
| 2021/07/03 |
26.95 |
31.40 |
22.71 |
3.50 |
5. Zimbabwean Dollar (ZWL$)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
Official US$ |
| 2021/05/22 |
440.78 |
512.13 |
361.90 |
56.24 |
84.64 |
| 2021/05/29 |
441.28 |
513.93 |
361.90 |
56.82 |
84.72 |
| 2021/06/05 |
440.25 |
512.35 |
361.90 |
56.59 |
84.76 |
| 2021/06/19 |
429.31 |
499.67 |
361.90 |
56.08 |
85.24 |
| 2021/06/26 |
431.93 |
502.29 |
361.90 |
56.06 |
85.36 |
| 2021/07/03 |
429.42 |
500.36 |
361.90 |
55.91 |
85.42 |
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (June 24, 2021) - The current average hide price decreased marginally by 0.4% to R8.31/kg from R8.34/kg a week ago. The current price is 11.1% higher than the average price a month ago and is 1099% higher than the average price a year ago. Market stakeholders expect that prices will remain stable over the coming weeks. 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, Absa group.
| Hide & skin price progression |
| Date |
Hides/Kg |
Dorper/Skin |
Merino Skin |
| 2020/11/06 |
2.36 |
26.00 |
44.00 |
| 2020/11/13 |
2.38 |
23.59 |
40.00 |
| 2020/11/20 |
2.69 |
35.00 |
50.00 |
| 2020/11/27 |
3.08 |
36.00 |
49.00 |
| 2020/12/04 |
3.65 |
34.03 |
49.00 |
| 2020/12/11 |
3.68 |
33.21 |
50.83 |
| 2020/12/18 |
3.93 |
32.59 |
51.67 |
| 2021/12/25 |
4.08 |
34.39 |
51.67 |
| 2021/01/01 |
3.93 |
34.03 |
54.00 |
| 2021/01/08 |
3.88 |
31.43 |
46.43 |
| 2021/01/15 |
4.03 |
31.43 |
46.43 |
| 2021/01/22 |
4.16 |
30.00 |
47.00 |
| 2021/01/29 |
4.04 |
33.05 |
50.83 |
| 2021/02/05 |
3.86 |
31.41 |
45.71 |
| 2021/02/12 |
4.33 |
35.46 |
45.83 |
| 2021/02/19 |
4.29 |
34.49 |
50.00 |
| 2021/02/26 |
4.94 |
34.70 |
47.50 |
| 2021/03/05 |
5.67 |
38.33 |
51.67 |
| 2021/03/12 |
4.80 |
42.50 |
59.17 |
| 2021/03/19 |
4.99 |
35.74 |
52.86 |
| 2021/03/26 |
6.33 |
35.16 |
55.00 |
| 2021/04/02 |
6.50 |
31.83 |
49.00 |
| 2021/04/16 |
8.98 |
37.44 |
50.00 |
| 2021/04/22 |
8.37 |
|
|
| 2021/04/29 |
8.98 |
40.96 |
62.00 |
| 2021/05/06 |
7.56 |
40.96 |
62.00 |
| 2021/05/24 |
7.82 |
40.83 |
61.67 |
| 2021/05/28 |
7.47 |
|
|
| 2021/06/14 |
8.34 |
40.83 |
61.67 |
| 2021/06/24 |
8.31 |
|
|
Note: For previous prices, see HERE
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:
Farino Footwear, Lenasia, Gauteng, SA. Family footwear.
Fashion Brands, Durban, KZN, SA. Holster distributors.
Contact us
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: July 12, 2021.
SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za
Our website www.svmag.co.za
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