S&V Weekly Newsletter Vol.9 No.21, May 22 2023
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Retailing
Load shedding despondency hits shops
Muhammad Laher, Bombay’s of Nigel/Sports Fusion
Nigel, Gauteng, SA - This has been the toughest start to the year for many years. There are many issues, including of course load shedding and the rising costs of essential products.
That is reflected in the spending patterns in apparel - our school wear sales are doing much better than fashion wear.
There’s not much we can do except to reduce margins, buy smaller quantities, and offer less variety. I believe all retailers, including the chains, are doing much the same.
Anonymous
Johannesburg, Gauteng, SA - Things are very quiet, and there are many factors affecting us: Load shedding, the exchange rate, people not having money.
As an independent, here on the floor, I see how consumers are battling, but I’m sure the chains are affected the same way.
Our customers are the middle class, and they’re having to make a lot of grudge purchases, like boreholes and solar panels, and that doesn’t leave much for footwear.
Maybe we could do better, but we’re doing the best we know how, for example by doing a lot of our own importing – but the government is no friend to small businesses, with all their duties and rules.
Wage negotiations
No deal for Footwear Sector
Gerald Naidoo, General Secretary/Principal Officer, National Bargaining Council of the Leather Industry of SA
Durban, KZN, SA - Feedback on Footwear wage negotiations:
After two rounds of wage negotiations, the parties were unable to reach a settlement. SAFLIA was given until 27 May 2023 to obtain a revised mandate from its members and provide an improved offer of settlement.
Micam trends presentation in Johannesburg
Johannesburg, Gauteng, SA - Micam Milano, in collaboration with the Italian Ministry of Foreign Affairs and the Italian Trade Agency, will present MICAM Milano 96 and footwear trends forecasting for Spring Summer 2024 at the Maslow Sandton Hotel, Grayston Drive, on 08 June 2023 at 10:30.
The programme is:
10:30 Registration & welcome coffee
11:00 Greetings & welcome by Paolo Cuculi - Ambassador of Italy in Pretoria and Antonella Marucci – Director of the ICE Agency Office in Johannesburg
11:15 Matteo Scarparo - Head of Global Trade & Business Services at ASSOCALZATURIFICI. Presentation of MICAM and Italian Footwear Industry Highlights
11:30 Sthandiwe Khumalo - Trends Expert at WGSN. Presentation of SS 2024 FOOTWEAR TRENDS with Focus on South Africa
12:00 Q&A
12:30 Light lunch and Networking
For further information, contact Italian Trade Commission senior trade analyst, Laura Fiocchi, at l.fiocchi@ice.it
They Said It
"Yes indeed, at 73, I am still 'on the road' and still have 3 agencies which I look after. The one agency I miss the most is Rockshoes, Pinetown, which as you know, closed down some years back. I was their Eastern Cape agent for 15 glorious years & must say that Mike Pengelly was undoubtedly the best principal I ever had. We are still in touch with each other. As you well know, the costs 'on the road' have tipped the scales in the wrong direction & margins are extremely thin, but as they say in the classics....if you retire, you expire. As long as my health is good, I will always keep myself busy." - Brian Da Costa, commission agent, Port Elizabeth, E. Cape, SA.
New subscribers last week
Rod Castelyn, South Africa
Directory entries updated last week
Boot & Shoe Centre cc, Johannesburg, Gauteng, SA.
KRB Safety & Packaging cc, Midrand, Gauteng, 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
Birthdays this week
22/05/1958: Craig Wells, Sidison Footwear Cape Town, W. Cape, SA.
22/05/1972: Cindy Dunbar, Naked Feet, Durban, KZN, SA.
22/05/19??: Dr Willem Burger, SAOBC Ostrich Research, Oudtshoorn, W. Cape, SA.
22/05/1973: Farai Musungwa, Safety-Quip Botswana, Francistown, Botswana.
23/05/1950: Dean Padayachee, retired, formerly Daylan Footwear (closed), Durban, KZN, SA.
23/05/1952: Martin Cohen, L. Cohen Outfitters, Cape Town, W. Cape, SA.
23/05/1965: Craig Harper, left the industry, formerly Wayne Rubber, Palmer Rubber and Egoli Gumboots (all closed), Amanzimtoti, KZN, SA.
24/05/1965: Wayne Stanford, emigrated, formerly agent, East London, E. Cape, SA.
24/05/1970: Carla Maritz, Mott! Shu’s, Pretoria, Gauteng, SA.
24/05/1972: Terry Fowler, BBF Safety Group, Cape Town, W. Cape, SA.
25/05/1961: Gerald Naidoo, National Bargaining Council, Durban, KZN, SA.
26/05/1951: Wessel Nolte, formerly Cedar Shoes & Accessories (closed), Bloemfontein, Free State, SA.
26/05/1955: Dr Elibariki Mmari, JAE(T) Ltd, Mwanza, Tanzania.
26/05/1966: Manoj Morar, Impressions, Vryheid, KZN, SA.
27/05/1944: Richard Bunyard, left the industry, formerly GW Cowie & Co, Durban, KZN, SA.
27/05/1969: Dean Tharman, Ten Digits, George, W. Cape, SA.
28/05/1958: Brigitte Davidow, Nakara, Windhoek, Namibia.
In memoriam this week
23/05/2012: Chris van der Merwe, Oasis Tanning, Krugersdorp, Gauteng, SA.
23/05/2020: Cyril Saxe (b. 02/10/1936), Lonshoe Holdings, Cape Town, W. Cape, SA.
24/05/2013: Casper Louw (b. 11/04/1944), Busy Bag (closed), Stanger, KZN, SA.
27/05/2002: Stan Austin (b. 28/11/1915), Austin Shoes (closed), Pietermaritzburg, KZN, SA.
28/05/2011: Charles Chavkin (b. 20/03/1930), Charles Chavkin Agencies, 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.
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 ¥ |
| 18/03/2023 |
R19.78 |
R22.49 |
R18.47 |
R2.68 |
| 15/04/2023 |
R19.98 |
R22.47 |
R18.09 |
R2.63 |
| 22/04/2023 |
R19.94 |
R22.41 |
R18.02 |
R2.61 |
| 29/04/2023 |
R20.34 |
R22.94 |
R18.26 |
R2.64 |
| 06/05/2023 |
R20.62 |
R23.25 |
R18.40 |
R2.66 |
| 13/05/2023 |
R20.99 |
R24.08 |
R19.34 |
R2.78 |
| 20/05/2023 |
R21.00 |
R24.17 |
R19.42 |
R2.76 |
2. Botswana Pula (BWP)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 15/04/2023 |
14.46 |
16.26 |
13.10 |
1.90 |
| 22/04/2023 |
14.53 |
16.34 |
13.14 |
1.90 |
| 29/04/2023 |
14.68 |
16.61 |
13.22 |
1.91 |
| 06/05/2023 |
14.77 |
16.65 |
13.17 |
1.90 |
| 13/05/2023 |
14.70 |
16.86 |
13.54 |
1.95 |
| 20/05/2023 |
14.67 |
16.89 |
13.57 |
1.93 |
3. Malawian Kwacha (MWK)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 15/04/2023 |
1130.71 |
1271.44 |
1024.15 |
149.18 |
| 22/04/2023 |
1133.74 |
1274.49 |
1024.58 |
148.69 |
| 29/04/2023 |
1140.97 |
1289.81 |
1026.65 |
148.55 |
| 06/05/2023 |
1145.91 |
1291.92 |
1022.14 |
147.91 |
| 13/05/2023 |
1112.98 |
1276.98 |
1025.79 |
147.67 |
| 20/05/2023 |
1104.57 |
1271.16 |
1021.29 |
145.63 |
4. Zambian Kwacha (ZMW)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 15/04/2023 |
20.09 |
22.59 |
18.19 |
2.65 |
| 22/04/2023 |
19.41 |
21.82 |
17.54 |
2.54 |
| 29/04/2023 |
19.49 |
22.06 |
17.56 |
2.54 |
| 06/05/2023 |
20.06 |
22.62 |
17.89 |
2.59 |
| 13/05/2023 |
19.99 |
22.94 |
18.42 |
2.65 |
| 20/05/2023 |
20.38 |
23.45 |
18.84 |
2.68 |
5. Zimbabwean Dollar (ZWL$)
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
CNY ¥ |
Official US$ |
| 15/04/2023 |
399.55 |
449.28 |
52.71 |
969.01 |
| 22/04/2023 |
400.45 |
450.17 |
52.52 |
1000.40 |
| 29/04/2023 |
402.02 |
454.66 |
52.36 |
1047.44 |
| 06/05/2023 |
405.72 |
457.42 |
52.37 |
1096.97 |
| 13/05/2023 |
392.66 |
450.51 |
52.09 |
1235.34 |
| 20/05/2023 |
391.41 |
450.44 |
51.60 |
|
Note: For previous rates, see HERE
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (18 May 2023) - The current average hide price decreased by 1.6% to R3.61/kg from R3.67/kg a week ago. The current price is 6.9% higher than the average price a month ago and 13.2% lower than the average price a year ago. The range of prices reported was as follows: Minimum price: R3.44 Maximum price: R4.50. 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, and Zama Sangweni, 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:
Jordi & Eli, Cape Town, W. Cape, SA. Leather goods manufacturer.
Jozi Shoes, Johannesburg, Gauteng, SA. Footwear manufacturer.
Contact us
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: May 29, 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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