S&V Weekly Newsletter Vol.8 No.01, January 3 2022
Please note: Click on any ad to go to the advertiser’s website
We wish all readers a very happy, peaceful and profitable New Year.
Back to school
Expecting a return to normality
Last Wednesday I emailed 5 school shoe suppliers, a school shoe wholesaler, and a chain and an independent retailer which specialise in school shoes to ask what they expect of back-to-school business this year.
Sensibly, 7 of the 8 had switched off their emails for the holidays, and only 1 replied. Thank you, Stephen Burrow of Softer, who wrote:
- We are expecting a far more normal Back to School than last year.
- We do not anticipate a late start and things should be as normal as they can be.
- It seems the current strain of Covid is far less severe and has had virtually no negative impact on society when compared to previous strains.
- We even anticipate that school sports will return to normal, and include spectators.
In terms of Supply Chain, we have not felt any negative impact at this stage, we were fortunate to have secured all our raw materials early on, and we are also fortunate that most of our inputs are locally sourced and manufactured. It also would appear that as things “normalise” globally, so will supply chains as well.
Let's hope for the best year of the last three and that things show signs of reverting to normal.
Stock Exchange News Services (SENS)
Steinhoff inches closer to settlement
Stellenbosch, W. Cape, SA (28 December 2021) – On 15 December 2021 Steinhoff announced that Trevo Capital Ltd. and certain other SIHPL non-qualifying claimants had confirmed their conditional support for the S155 Proposal subject to the satisfaction of certain suspensive conditions on or before 11 January 2022, unless waived or extended by the parties (“SIHPL NQC Settlement”). One of the conditions to support was that Steinhoff obtained the requisite level of support from its financial creditors for the SIHPL NQC Settlement.
On 15 December 2021 Steinhoff separately announced that parties including the former owners of the Tekkie Town business had agreed, amongst other things, to withdraw their opposition to the S155 Proposal and to withdraw their liquidation application against SIHNV (“TT Settlement”), subject respectively to Steinhoff obtaining requisite financial creditor support for the TT Settlement and the implementation of the Global Litigation Settlement. Both the SIHPL NQC Settlement and the TT Settlement are subject to the Global Litigation Settlement being implemented by 30 June 2022.
As an update to the implementation of the conditions to those conditional settlements, Steinhoff reported that the threshold required to obtain the necessary financial creditor support for both the SIHPL NQC Settlement and the TT Settlement has been obtained. The formal financial creditor consent vote remains open until 30 December 2021.
Claimants are able to review additional information in relation to the Global Litigation Settlement on the following website: www.SteinhoffSettlement.com
They Said It
"How far that little candle throws its beams! So shines a good deed in a naughty world." - William Shakespeare (The Merchant of Venice). And may that be an inspiration to all of us.
Got anything you'd like to share?
Do you have any suggestions, comments or experiences about the industry that you'd like to share with the industry? - tony@svmag.co.za
03/01/1946: Johannes Kruger, Perfect Shoes, Keetmanshoop, Namibia.
03/01/1948: Dave Lloyd, retired, formerly Bata SA, Pinetown, KZN, SA.
04/01/1945: Mike Lambrakis, retired, formerly various shoe factories in Pinetown, KZN, now in Johannesburg, Gauteng, SA.
04/01/1956: Allison Gans, GW Cowie & Co., Pinetown, KZN, SA.
05/01/1950: Roger Durrbaum, retired, Barker Footwear (now part of Bolton Footwear), Cape Town, W. Cape, SA.
05/01/1952: Charles Poole, Design Unique Belts, East London, E. Cape, SA.
05/01/1957: Herman Alheit, Dick Whittington Shoes, Pietermaritzburg, KZN, SA.
05/01/1965: Jay Lalloo, Decofurn, Durban, KZN, SA.
05/01/1983: Andreas Lambrakis, Europa Art Group, Johannesburg, Gauteng, SA.
05/01/1963; Hugo Zuanni, Leather Link, Cape Town, W. Cape, SA.
05/01/1977: Peter Lin, C.Y. Lin, Cape Town, W. Cape, SA.
06/01/1947: Allan Harris, Woodheads, Cape Town, W. Cape, SA.
06/01/1968: Gavin Kisten Pillay, Topline Manufacturers, Durban, KZN, SA.
06/01/1970: Neville Walters, ACA Thread, Cape Town, W. Cape, SA.
06/01/1976: Michael Gounden, Michelle Footwear, Durban, KZN, SA.
07/01/1941: Dieter Zettler, retired, formerly PMC group, Pinetown, KZN, SA.
07/01/1977: Hannelie Scholtz, Fabulous Fashions, Vryburg, N.W. Province, SA.
07/01/1970: Ingo Fleischer, Johnson Controls SA, Uitenhage, E. Cape, SA.
08/01/1944: Kishor Mistry, Shoe Junxion, Sasolburg, Free State, SA.
08/01/1972: Imtiaz Butler, agent, Durban, KZN, SA.
09/01/1962: Ming-Ter Tso, Mingfay International Trade, Johannesburg, Gauteng, SA.
In Memoriam this week
04/01/2004: Rob Gowie (b. 01/07/1938), GW Reynolds/Rob Gowie Components/ Fashion Components/ Plasticone [all closed], Pinetown, KZN, SA.
05/01/1996: Henry Ogus (b. 09/02/1944), Bata SA, Shoes for Africa, Johannesburg, Gauteng, SA.
06/01/2000: Alan Palmer (b. 02/09/1946), Medicus, Port Elizabeth, E. Cape, SA.
06/01/2010: Minty Kock (b. 15/06/1950), Meroda Footwear [closed], Cape Town, W. Cape, SA.
07/01/2010: Danie Du Toit (b. 22/02/1948), Carca Footwear [closed], Lesotho.
07/01/2015: Rob Thompson (b. 06/08/1948), agent, Johannesburg, Gauteng, SA.
09/01/2021: Elaine Coy (b. 30/10/1951), Afro Leather, Johannesburg, Gauteng, 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.
3. Malawian Kwacha (MWK)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 01/01/2022 |
925.13 |
1101.66 |
813.47 |
128.13 |
4. Zambian Kwacha (ZMW)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 01/01/2022 |
18.95 |
22.57 |
16.66 |
2.62 |
5. Zimbabwean Dollar (ZWL$)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
CNY ¥ |
Official US$ |
| 01/01/2022 |
411.60 |
490.18 |
56.93 |
108.66 |
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (15 December 2021) - The current average hide price increased by 3.4% to R5.50/kg from R5.30kg a week ago. The current price is 18% higher than the average price a month ago and is 40% higher than the average price a year ago. The range of prices reported was as follows: Minimum price: R4.94 Maximum price: R5.80. Please note, we have changed our methodology and price levels are not directly comparable to previous prices that we reported on. Our methodology weighs the prices we collect according to the number of hides they sell in a month. This is done to make it more representative of the prevailing market price. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies. - Marlene Louw, senior agricultural economist, and Nkhensani Mashimbyi, agricultural economist, Absa group.
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:
Game, Johannesburg, Gauteng, SA. Department store chain.
Gametan, White River, Mpumalanga, SA. Hair-on tannery, taxidermy, leather goods manufacturer.
Contact us
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: January 10, 2022.
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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