S&V Weekly Newsletter Vol.8 No.17, April 25 2022

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Universal: Debt 'around R141m'

Cape Town, W. Cape, SA – Universal Footwear & Trading, which went into voluntary liquidation on 03 March, has liabilities of around R141m, "and very little money", liquidator Chris van Zyl of Progressive Administration said on Friday.
      Already, he said for lack of funds the liquidators had abandoned 6 containers in Cape Town harbour to the shippers - 2 of components for Universal's factory, 4 of finished shoes.
      He said at the first meeting of creditors, held on Friday, 63 creditors had submitted claims and proof, and had nominated him as the liquidator.
      He said the factory has been re-opened to convert components into finished goods, supplying chain retailers who had been waiting for stock from Universal, and some others who had approached the liquidator to buy.
      He said the factory had so far completed and delivered footwear worth R1m, and was busy with footwear worth another R274 000. He expected further orders worth R400 000-R500 000.
      "The components would have been worth very little," he said. "It's much better to convert them into finished goods."

Flood damage: DTIC issues update

Pretoria, Gauteng, SA – The Department of Trade, Industry & Competition (DTIC), on Wednesday circulated an email offering support via the Industrial Development Corporation (IDC) to businesses affected by the flooding on 11 and 12 April in KZN. It also gave a list of the worst affected businesses.
      Aside from Michelle Footwear, Angel Footwear/Reunion Components and Palm Footwear, which we reported on last week, the DTIC said 'Foot Focus' - actually The World Focus Group's Foot Style factory in Old North Coast/Chris Hani Rd, Briardene, Durban - was "badly flooded. Machinery under water, office under water. All fabrics for May and June are beyond recovery." TWFG director Shiraz Jeewa confirmed this.
      In Clairwood, Durban, trims and buckles manufacturer Topline Manufacturers was "completely flooded", and Twinkle Shoes was "flooded".
      In Pinetown, Neptun Boot said its clog department had been flooded.

Global regulatory updates for restricted substances in softlines products webinar

Geneva, Switzerland – Testing, inspection and certification company SGS will host a complimentary webinar, ‘Global Regulatory Updates for Restricted Substances in Softlines Products’, on Friday, 19 May.
     For apparel and footwear businesses, where good chemical management practices are key to commercial success as well as regulatory compliance, it can be difficult to grasp the complexities of the global legislative landscape. When failure to do so can negatively impact trade quickly and seriously, a better understanding of current and proposed fiscal changes can help to avoid or mitigate such issues.
     SGS’s Global Technical Manager, Frank Kempe, and Technical Director, Min Zhu, are softlines experts who will provide a thorough and clear exploration of the latest updates, their impacts and obligations, and show how SGS’s testing approach can help to manage risk and add value to sustainable chemical management for businesses of all sizes.
     Register for the webinar
Session 1 – 4pm Shanghai, China (GMT =7:00), 9am London (GMT +1:00)
Session 2 – 3pm London (GMT +1:00), 10am New York (GMT -5:00)

They Said It

"God was on our side this time. A water dam build-up stopped 50 metres from our warehouse here in Peter Rd." - Garth Ribbink, member, A. Greenaways (Natal), Durban, KZN, SA, on the floods which hit the province 2 weeks ago. The company was one of the worst affected in the riots and looting last July when its premises and stock were torched.

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

25/04/1955: Maryrose Lesalaisa, Cee Dee Footwear, Johannesburg, Gauteng, SA.
25/04/1961: Marcelle Kurth, emigrated to Australia, formerly Corbeau, Cape Town, W. Cape, SA.
25/04/1963: Neil Barnes, Millbrook Trading, Durban, KZN, SA.
25/04/1971: Clinton Cloete, BBF Footwear, Port Elizabeth, E. Cape, SA.
26/04/1943: Juan Lichnovsky, retired back to Chile, formerly Futura Footwear (now Bata SA), Pinetown, KZN, SA.
26/04/1953: Rodney Hill, left the industry, formerly Prime Leathers, Pinetown, KZN, SA.
26/04/1964: Desmond Swartz, DS Agencies, Johannesburg, Gauteng, SA.
26/04/1965: Faizel Jeewa, Traford Footwear, Durban, KZN, SA.
26/04/1982: Keaton Quarmby, Falke Eurosocks, Cape Town, W. Cape, SA.
27/04/1944: Kelly Smith, agent.
27/04/1964: Francois Strydom, formerly Bolton Footwear, Great Brak River, Dick Whittington Shoes, Pietermaritzburg, SA.
27/04/1968: Wyatt Brodie, left the industry, formerly Polo SA, Johannesburg, Gauteng, SA.
29/04/1951: Elizabeth Loubser, retired, formerly Bolton Group, Great Brak River.
29/04/1980: Mark Fraser, Claw Boots International, Johannesburg, Gauteng, SA.
30/04/1946: Willi Angeloch, retired, formerly Nakara, Windhoek, Namibia.
30/04/1959: Gustav Franzsen, Vinaco, Cape Town, W. Cape, SA.
30/04/1964: Hayley Roberts (nee Caro), Retailability, Durban, KZN, SA.
30/04/1985: Gert Bosch, TST Agencies, Cape Town, W. Cape, SA.
01/05/1931: Bill Ramage, retired, formerly Apeco, Cape Town, W. Cape, SA.
01/05/1932: George Wilkens, emigrated, formerly Martin Johnson [closed], Pietermaritzburg, KZN, SA.
01/05/1961: Ronell Nieuwoudt, Suzi Q, Phalaborwa, Limpopo, SA.
01/05/1962: Tanya Vosloo, Greystone Trading 387, Cape Town, W. Cape, SA.
02/05/1956: Dave Robertson, emigrated, formerly Bushy Marketing, Pinetown, KZN, SA.

In Memoriam this week

26/04/2005: Bryan Dean (b. 09/01/1939), Amber Footwear [closed], Pietermaritzburg, KZN, SA.
26/04/2012: Roy Eckstein (b. 22/10/1941), Jaguar Shoes, Amshoe [both closed], Pietermaritzburg, KZN, SA.
26/04/2018: Alan Hornby (b. 16/08/1961), Topline Agencies, Johannesburg, Gauteng, SA.
30/04/2012: Ebrahim Aboo (b. 07/08/1948), MG Shoes [closed], Pietermaritzburg, 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.

3. Malawian Kwacha (MWK)

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4. Zambian Kwacha (ZMW)

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5. Zimbabwean Dollar (ZWL$)

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ABSA Agri Trends: Hides & skins prices

Johannesburg, Gauteng, SA (21 April 2022)) - The current average hide price decreased by 7.3% to R5.55kg from R5.99kg a week ago. The current price is 19.8% lower than the average price a month ago and is 38.2% lower than the average price a year ago. The range of prices reported was as follows: Minimum price: R5.00 Maximum price: R6.00. Please note: 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

Directory entries updated last week

African Gameskin Group, Cape Town, W. Cape, SA.
Harry E. Teifel & Associates, Simon's Town, W. Cape, SA.
Loxion Kulcha, Johannesburg, Gauteng, SA.
Model Shoes, Worcester, W. Cape, SA.
NTE Company, Pietermaritzburg, KZN, SA.
Rand Outfitters, Johannesburg, Gauteng, SA.

Fairs updated last week - see calendar for details

International Apparel & Textile Fair, 09-11 May, Dubai.
Safety & Health Expo, 17-19 May, London.

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:

Hashtagleather, Durbanville, W. Cape, SA. Leather goods manufacturer.

Classified Adverts

SECOND HAND THICKNESS GUAGES FOR SALE

R750 each excl VAT.

Contact Clive Jackson-Moss
082 926 1023
(selling on behalf of someone else)

Contact us

News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za

Next newsletter: May 3, 2022.

SAFLIA enquiries: Tel 0800SAFLIA * Email info@saflia.co.za * Website http://www.saflia.co.za

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