S&V Weekly Newsletter Vol.9 No.04, January 23 2023
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Celrose: TFL 'not the buyer'
Cape Town, W. Cape, SA - The Foschini Group (TFG), which had been identified as the interested party by several sources close to negotiations between the Industrial Development Corporation (IDC) and potential buyers of clothing manufacturer Celrose and its footwear manufacturing subsidiary, Eddels Footwear, is NOT buying Celrose, TFG said on Friday.
"Celrose is a very important strategic supplier to most of the larger retailers," TFG said. "TFG is not in the process of acquiring Celrose, but continues to work very closely with them as well as with other strategic suppliers, during a challenging period for the South African clothing industry."
Sources have said that during months-long negotiations, TFG was interested in acquiring Celrose, but did not want Eddels.
Caralli Footwear (Pty) Ltd was last week confirmed to be negotiating to buy Eddels, but on Friday its parent, B&B Media, didn't respond to a request for an update. Last week it said it expected "clarity" towards the end of this month.
IDC head of corporate affairs Tshepo Ramodibe said the IDC would only comment "once there are developments or clarity on this delicate matter".
Back-to-school: So far, so good
Jannie Vermeulen, Ekspa/Adno's
Benoni/Springs, Gauteng, SA - The schools are open now. We are still busy with mostly sport items and then late entries at some schools. In general we had a very good back-to-school for 2023.
Chiman Harjeven, Knight's Shoes
Grahamstown, E. Cape, SA - We have had a good season except for major supply problems from our main, reputable shoe supplier, a leading brand. Very disappointed.
The enthusiasm of parents to get their children to school is so encouraging.
VF Corporation to release 3rd quarter earnings in February
Denver, Colorado, US (17 January 2023) - VF Corporation plans to release its third quarter fiscal 2023 financial results on Tuesday, 07 February 2023 at approximately 4:05 p.m. ET. Following the news release, VF management will host a conference call at approximately 4:30 p.m. ET to review results.
The conference call will be broadcast live on the Internet, accessible at ir.vfc.com. For those unable to listen to the live broadcast, an archived version will be available at the same location.
In case you missed it!
The January issue of S&V African Leather Magazine
S&V African Leather Magazine Vol17 No1 January 2023
IN THIS ISSUE:
03 Upfront
- A new quip from Sam Setter in each issue.
- Sector forecasts for 2023:
- Automotive: Demand is there, sustainability is an ongoing focus, says Bader's Robert O'Connell.
- Ostrich: Producers growing their flocks, top quality is where the demand is, writes CKI's Arno Albertyn.
06 An Eclectic View
- Veg tan biodegradability: Spoiler alert - think of all the Roman leather items which have survived for centuries, writes H. Procter.
09 Guest Column
- To digitalize or not to digitalize? 'Not' is not an option, writes Sam Setter.
10 Sustainable Leather Foundation
- End of year partner meeting reports great progress for the SLF, writes MD Deborah Taylor.
11 Country Profile
- Zimbabwe's leather industry: Local demand is key to cost effectiveness. Report compiled by John Kleynhans of Consultan.
14 Training
- Significant change to ISTT's training programme in 2023, writes Dr Clive Jackson-Moss.
- UNIDO launches new online course on treatment of tannery effluents.
15 Weights & Measures
- Compiled by the ISTT.
17 Game Skins
- When a plan comes together: A report on SUCo-SA at CITES, Panama City in November, by Stephen Palos, vice chairman.
19 Agriculture
- Nigeria mulls ban on cow skin 'ponmo' - because it 'lacks nutritional value', according to a report.
- Zambeef: 'Sourcing cattle from small farmers has boosted entire industry.'
20 Trade Statistics
- South African hides, skins and leather exports and imports for November, compiled by SA Revenue Services.
Advertisers in this Issue
Authenticae (OFC), Els Agencies (03), Italtan (06), Mimosa (02), Rolfes Leather Division (05), S&V Calendar (01), S&V Directory (14), Southern African Footwear & Leather Export Council (SAFLEC) (11).
They Said It
"We must chat sometime. Shoes been in my life for 52 years. I'm 75 now. Time to call it a day. Got some stories." - Chiman Harjeven, Knight's Shoes, Grahamstown, E. Cape, SA. Now that's something for readers to look forward to.
Movement
Pietermaritzburg, KZN, SA - Matthew Dunning, formerly a leather technician with NTE, has joined Trumpler Leather Chemicals in Germany.
Directory entries updated last week
BM Agencies, Durban, KZN, SA.
Jaimee H. Exclusive Ladies' Boutique, Alberton, Gauteng, SA.
United Fashion Outlets, Johannesburg, Gauteng, SA.
New subscribers last week
Zaeem, MLab, Johannesburg, Gauteng, SA.
Jacqui, Southdale, SA
Douglas Bornman, Texstyles Import & Export cc, Krugersdorp, Gauteng, SA
Adam, Sales, Dangee Carken, SA
Rob, Treadsafe, Durban, SA
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
23/01/1943: Pat Ward, left industry, ex-RPM Shoes [closed], Durban, KZN, SA.
23/01/1944: Gerrie Botha, Steps Shoes @ Barclay, Pretoria, Gauteng, SA.
23/01/1964: Lesley Williams, Lesley Williams Agencies, Bulawayo, Zimbabwe.
24/01/1969: Yolander Lotter, Comfy Feet Shoes, Jeffrey’s Bay, E. Cape, SA.
25/01/1951: André Pelser, retired, formerly Mossop-Western Leathers, Wellington, W. Cape, SA.
25/01/1973: Reggi Xaba, Zetu Shoes, Durban, KZN, SA.
26/01/1958: André Compion, PMC, Pinetown, KZN, SA.
26/01/1962: PT Harrower, C&B Harrower Agencies, Johannesburg, Gauteng, SA.
26/01/1973: Lou Harvey, Lou Harvey Company, Durban, KZN, SA.
26/01/1982: Adeeb Moosa, Deebo Sales, Cape Town, W. Cape, SA.
26/01/19??: Jeetesh Ambaram, JFK Trading, Durban, KZN, SA.
27/01/1969: Ashraf Saley, Nizam’s Enterprises, Azaadville, Gauteng, SA.
27/01/1985: Mpumi Mazibuko, Leather Zulu, Randburg, Gauteng, SA.
28/01/1944: Martina van Jaarsveld, Martina Shoe Boutique, Brandhof, Free State, SA.
29/01/1973: Nelesh Gulab, Shawney’s Shoes/Walk Tall, Johannesburg, Gauteng, SA.
29/01/1983: Zubairr Sadak, Shoe Talk, Durban, KZN, SA.
25/01/2014: Barry Kruger (b. 20/06/1944), Richleigh Shoes [closed] and Corrida Shoes, Pietermaritzburg, KZN, SA.
26/01/2006: Victor Ronald (Vic) Van Der Weele (b. 21/10/1916), SA Mercantile [closed], Cape Town, W. Cape, SA.
27/01/2008: Jacob Anagnostakis (b. 03/04/1929), Watson Shoes, Great Brak River, W. Cape, SA.
28/01/2004: David Aaron (b. 12/03/1939), Natal Shoe Components/Natalie Footwear [closed], Durban, KZN, SA.
28/01/1997: Peter O'Brien, Buckman Laboratories, Hammarsdale, KZN, SA.
29/01/1998: Peter Buglass, NPI, 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.
Fairs updated last week
13-15 March 2023: APLF Dubai, Dubai World Trade Centre, Dubai.
01-03 May 2023: 15th International Apparel & Textile Fair (IATF), Dubai World Trade Centre, Dubai.
29-31 August 2023: All China Leather Exhibition (ACLE), Shanghai, China.
Exchange rates
Note: For previous rates, see HERE
1. SA Rand (ZAR)/Lesotho Loti (LSL)/Namibian Dollar (NAD)/Swazi Lilangeni (SZL)
Source: http://www.x-rates.com/calculator/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 02/01/2023 |
R18.12 |
R20.49 |
R17.00 |
R2.46 |
| 09/01/2023 |
R18.24 |
R20.73 |
R17.05 |
R2.51 |
| 14/01/2023 |
R18.22 |
R20.57 |
R16.82 |
R2.50 |
| 21/01/2023 |
R18.60 |
R21.21 |
R17.13 |
R2.52 |
2. Botswana Pula (BWP)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 02/01/2023 |
13.58 |
15.35 |
12.74 |
1.84 |
| 09/01/2023 |
13.66 |
15.52 |
12.77 |
1.88 |
| 14/01/2023 |
13.68 |
15.44 |
12.63 |
1.88 |
| 21/01/2023 |
13.86 |
15.81 |
12.77 |
1.88 |
3. Malawian Kwacha (MWK)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 02/01/2023 |
1091.10 |
1233.25 |
1023.76 |
148.37 |
| 09/01/2023 |
1080.34 |
1228.82 |
1010.44 |
149.29 |
| 14/01/2023 |
1099.92 |
1241.00 |
1014.68 |
151.26 |
| 21/01/2023 |
1104.33 |
1259.40 |
1017.20 |
149.95 |
4. Zambian Kwacha (ZMW)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 02/01/2023 |
19.27 |
21.78 |
18.08 |
2.62 |
| 09/01/2023 |
19.53 |
22.21 |
18.27 |
2.69 |
| 14/01/2023 |
20.05 |
22.62 |
18.49 |
2.75 |
| 21/01/2023 |
20.12 |
22.95 |
18.53 |
2.73 |
5. Zimbabwean Dollar (ZWL$)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
CNY ¥ |
Official US$ |
| 02/01/2023 |
385.83 |
435.99 |
52.45 |
671.44 |
| 09/01/2023 |
386.94 |
439.98 |
53.42 |
704.17 |
| 14/01/2023 |
392.30 |
442.61 |
53.95 |
711.89 |
| 21/01/2023 |
392.93 |
448.15 |
53.35 |
746.61 |
Note: For previous rates, see HERE
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (19 January 2023) - The current average hide price decreased by 1.1% to R4.16/kg from R4.21/kg a week ago. The current price is 0.3% higher than the average price a month ago and 25.6% lower than the average price a year ago. The range of prices reported was as follows: Minimum price: R4.00 Maximum price: R5.00. Dorper skins are 6.8% up week on week, 7.0% up month on month, and 11.3% up year on year. Merino skins are -0.5% down week on week and month on month, and -16.4% down year on year. 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
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:
Jasworth Sports, Bethal, Mpumalanga, SA. Family outfitter.
JB Group, Gaborone, Botswana. Lifestyle fashion.
Contact us
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: January 30, 2023.
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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