S&V Weekly Newsletter Vol.10 No.24, June 10 2024

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Hi-Tec acquires Trappers Outdoor

Hi-Tec issued this press release on Friday.

Gary de Vogel (left) and John Black have a strong personal relationship, including climbing Kilimanjaro together last year.

Cape Town, W. Cape, SA – As we celebrate Hi-Tec’s 50th Birthday, we are proud to announce that Hi-Tec South Africa has successfully finalised a strategic investment in Trappers Outdoor Pty Ltd. This move marks a significant milestone in our journey, opening new avenues for growth and innovation within the market.
      Trappers will continue to be managed separately, and it's business as usual. However, with the backing and partnership of Hi-Tec South Africa, Trappers will now have a stronger foundation.
      Hi-Tec CEO Gary de Vogel and Trappers CEO John Black have a strong relationship, having both summited Kilimanjaro in August last year. Their commitment to exploring the outdoors and pushing their limits showcases the passion they both share for the industry. They plan to work closely together to ensure that both businesses receive the necessary resources and expertise to excel and thrive. Black and André Kruger will remain in their current positions and continue to drive the 47-year-old Trappers business forward.
      This acquisition reinforces both business’ commitment to offering the very best products and services to their customers. Together, we aim to drive an even greater impact in the outdoor/exploration market, leveraging our combined knowledge and experience. The brands Redback and Mac-in-a-Sac, previously imported by a subsidiary of Trappers, will now fall within the Hi-Tec South Africa company and management structure within the Trappers Outdoor (Pty) Ltd entity.
      We are excited to embark on this journey together and are confident that we will achieve success and build these brands to be even stronger.

Industry veteran heads Dangee Carken move into industrial footwear

Mark Silverman, who heads up Dangee Carken’s new industrial footwear division, issued this press release on Friday.

Johannesburg, Gauteng, SA – With three decades in the workwear industry, I have gained an in-depth understanding of my customers' needs and behaviours. This expertise enables me to customize my approach for each client, thus fostering enduring loyalty and consistent repeat business. My clients recognise me as a dependable advisor dedicated to their success.
      When Robby Stoller invited me to lead the safety division within Dangee | Carken Group, I was thrilled by the opportunity. The group boasts a strong reputation in leading fashion footwear and possesses technology and infrastructure that are truly impressive. With a passionate and enthusiastic team, I am confident our combined efforts will revolutionize the safety industry.

Hawks nab 7 officials for massive SARS border post fraud

Published in Fullview on Saturday: https://fullview.co.za/
The Directorate for Priority Crime Investigation (DPCI), also known as the Hawks, have pounced on 7 suspects involved in tax fraud more than R650 million.
      The suspects, who are former and current SARS customs employees, pretended to have cleared exports from the Durban port to Lesotho.
      An investigation found that over 300 textile cargo transactions were cleared, but the consignments were not moved at Ficksburg, Van Rooyenshek and Maseru border posts.
      The 4 women and 3 men were nabbed in Limpopo, Gauteng, Free State and Eastern Cape this week.
      "These workers have been investigated and found to have intentionally defrauded SARS by pretending or purporting to have cleared exports when in actual fact, that did not happen. Those exports were kept within the country," said SARS spokesperson Siphithi Sibeko.
      "5 of them were found guilty by the disciplinary committee of the South African Revenue Service and dismissed. 2 of those resigned before the matter could be decided."
      "The other 2, 1 was given a warning and others that are remaining, are still to face a disciplinary hearing."
      Suspects are expected to appear before the Ladybrand Magistrates' Court on Monday (today) on charges of fraud and money laundering.

TFG final results March 2024

‘Confident we can grow, despite challenges’

Cape Town, W. Cape, SA (Friday 7 June 2024, 9:07) – Revenue for the year increased to R60.1 billion (2023: R55.2 billion) with gross profit going up to R27 billion (2023: R24.8 billion) and operating profit before finance costs grew to R6 billion (2023: R5.4 billion). Profit for the year attributable to owners remained at R3 billion (2023: R3 billion). Furthermore, headline earnings per share rose to 970.7 cents per share (2023: 968.9 cents per share).

Final ordinary dividend declaration

Notice was given that the directors have declared a final gross cash dividend of 200.0 cents (160.0 cents net of dividend withholding tax) per ordinary share for the six-month period ended 31 March 2024.

Preference dividend declaration

Notice was given that the directors have declared a gross preference dividend (no. 175) of 3.25% or 6.5 cents per share (5.20 cents net of dividend withholding tax) per preference share for six-month period ending 30 September 2024.

Company outlook

The outlook remains cautious due to continued challenging macro conditions across all territories. As such, we have strengthened our balance sheet by reducing our stock holdings and decreasing our net debt.
The Group continues to invest in its key strategic initiatives to further strengthen its differentiated business model. Notably, the construction of our River fields Distribution Centre was completed during the year within budget and ahead of schedule. We are moving each of our apparel retail brands into this facility as part of a phased plan to mitigate any risks.
We have made good progress in the execution of our strategy and we remain confident in our ability to grow our businesses. With our robust balance sheet and diversified business model, the Group is well-positioned to capture additional market share from competitors.
As a Group, we continue to seek out strategic adjacencies and high-quality acquisitions.

In case you missed it!

The May issue of S&V Footwear & Leather Goods Magazine

CLICK HERE TO VIEW IT ONLINE

S&V Footwear & Leather Goods Magazine Vol90 No5 May 2024

IN THIS ISSUE:

03 Upfront
- The R-CTFL Masterplan, 5 years on – Part IV: ‘Growth? Not only has there been no growth, business has dropped,’ say manufacturers who specialise in chain business.
- Supplying chains isn’t the only way of doing business. Corrida’s Adrian Maree on developing a branded business.
- LGB Distributors: Neighbouring states offer growth, writes Gary Baker.
- Angel Footwear: Biker boot exports undergoing wearer trials.
- Aldora Footwear: New direction for Brandon Ganesh.
- Zimbabwe Bata recalls retrenched workers – report from Newsday, Zimbabwe.

05 Exports & Trade
- The way forward for local manufacturing: Be realistic, be different, says Arsutoria’s Stefano Migliavacca.
- Explaining the International Labour Organisation’s role in sponsoring a design workshop: It’s about boosting exports and thereby creating jobs, says Nii Moi Thompson.

14 Headlines with Tinashe Mandirahwe
- Can Nigeria secure dominance in Africa’s shoe market?
- Levi shifts focus away from footwear.
- Shoes for Crews files for Chapter 11 Bankruptcy amid intense competition.
- Lulemon’s entry into men’s footwear – collaborate or go solo?
- Democratization could revitalise the shoe industry.

16 Profile
- Obituary: Glen Puttergill, Glen’s Shoes.
- Obituary: Leo Vandenheede, Fanci-Form, Levara.



Advertisers in this Issue
All China Leather Exhibition (08), Arena Trim (10), Freestyle Genuine Handcrafted Leather (02), Haesloop Agencies (13), Kaliber (05), Kaytex Belts (17), Leather Finishing Products (15), Leggenda Sport/Diadora (03), Palm Footwear (OFC), Saddler Belts (07), SAFLEC (11), S&V Calendar (01), S&V Directory (21), Shotland Packing (19).

They Said It

"Please forgive my tardiness in responding to the email.  My brother and Marquerite are keen to do this article.  I will just need to find out from everyone as to how and when we can do this.  Please give me until next week to revert with more information and contactable times.  My mother has decided to attend bible college and is unavailable in the mornings and generally terrible with her mobile as well as my father.  So this will require planning on my side to ensure that they will answer your call when you do phone.  And then the logistics of the photograph. Other than that, we are all keen." - Claudia Weyers of Hadassah Interiors, Cape Town, W. Cape, SA, on a planned feature on her remarkable family, who between them run FOUR highly creative leather-related businesses. She is clearly the organiser in the family.

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

New subscribers last week

Andries, Operations Manager, Spargs, East London / Transkei, South Africa
Dylan van Zyl, Shoe Designer, Bata, Umhlanga, South Africa
Derek Griffiths, Leather and component sales, Retired from Apeco, South Africa
Solly Kathoria, Representative, Lorenzini / Aero Clothing, Durban, South Africa
Mohammed Rafik Saloojee, Representative, Lorenzini Clothing Mfrs., Durban, South Africa
Yusuf, Tego Footwear, Durban, South Africa
Glenda van der Westhuizen, Sales Representative, Green Cross, Carolina, South Africa
Guido Griffin, Chemical Engineer, CKI, Oudtshoorn, South Africa
Chante van den Berg, Businwss Development Manager, Incomati, Gauteng, South Africa

Birthdays this week

10/06/1951: Marthus Louw, retired, formerly Bolton Footwear, Great Brak River, W. Cape, SA.
10/06/1955: Piet Kleyn, CEO, SA Ostrich Business Chamber, Oudtshoorn, W. Cape, SA.
10/06/1960: Lawrence Mabhiza, Truworths Group of Companies, Harare, Zimbabwe.
10/06/1961: Richard Turner, emigrated, formerly Bolton Footwear, Great Brak River, W. Cape, SA.
10/06/1983: Jarod Grossberg, G-Step, Durban, KZN, SA.
11/06/1948: Basie Vermaak, retired, formerly Watson Shoes, Great Brak River, W. Cape, SA.
11/06/1961: Andy Raouna, left the industry, formerly Multiserv, Johannesburg.
12/06/1954: Frieda Maisey, emigrated, formerly Brondean Agencies, Port Elizabeth, E. Cape, SA.
13/06/1943: Peter Book, retired, formerly Woodheads, Cape Town, W. Cape, SA.
13/06/1950: Maria Caldeira, Solemates, East Rand, Gauteng, SA.
13/06/1966: Benedict Plaatjies, Leather from Hart, Pietermaritzburg, KZN, SA.
13/06/1974: Stuart Worrall, Elan-Polo, Cape Town, W. Cape, SA.
14/06/1952: Terry Holton, retired, formerly ACA Threads, Johannesburg, Gauteng, SA.
14/06/1963: Niekie Vermaak, KKI Leather Marketing, Oudtshoorn, W. Cape, SA.
14/06/1965: Beverley Riley, Brits Leather Products, Brits, NW Province, SA.
14/06/1965: Allan Kisten, Spunlok, Pinetown, KZN, SA.
14/06/1969: Alison Piccione, KMP Footwear, Pinetown, KZN, SA.
14/06/1983: Lebogang Mokwele, QS Safety, Kempton Park, Gauteng, SA.
15/06/1945: James Cragg, agent, East London, E. Cape, SA.
15/06/1947: Stuart Cox, agent, Bloemfontein, Free State, SA.
16/06/1945: Yusuf Kadwa, retired, formerly May’s Shoes, Durban, KZN, SA.
16/06/1963: Deepak Dayal, Deluxe Footwear, Durban, KZN, SA.
16/06/1965: Tersia Wessels, retired, formerly Crocs SA, Somerset West, W. Cape, SA.
16/06/1973: Sue Meehan, left the industry, formerly Saddler Belt and Mantella Q Leather, Durban, KZN, SA.
16/06/1985: Chris Stottelaar, Leather Systems, Port Elizabeth, E. Cape, SA.
16/06/1960: Jaywant Irkhede, the DTIC, Pretoria, Gauteng, SA.
  

In memoriam this week

12/06/2004: Neville Williams (b. 04/1945), Cameo Components/Central Components [closed], Pinetown, 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.

Directory entries updated this week

Brown Sugar [Ongeza Investments cc], Nelspruit, Mpumalanga, SA.

3. Malawian Kwacha (MWK) (buying)

Source: https://www.rbm.mw/

4. Zambian Kwacha (ZMW) (buying)

Source: https://www.boz.zm/

5. Zimbabwe Dollar (ZWL$) (average) / Zimbabwe Gold (ZiG)

Source: Source: https://www.rbz.co.zw/

Note: For previous rates, see HERE

ABSA Agri Trends: Hides & skins prices

Johannesburg, Gauteng, SA (06 June 2024) - The average hide price increased by 0.39% to 3.24/kg from R3.20/kg a week ago. The current price is 0.01% lower than the average price a month ago and 11.0% lower than the average price a year ago. The range of prices reported was as follows: Minimum price: R3.00 Maximum price: R3.25. Price movements will be highly influenced by developments in the status of our animal diseases. 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:

Surf Centre, Port Elizabeth, E. Cape, SA. Surf retailer.
Surfers Paradise, Scottburgh, KZN, SA. Surf retailer.

THIS WEEK LAST YEAR!

Retailers expressed hope, but not much optimism for the June 16 long weekened.

The strong get stronger. Was the headline for TFG results.

The Ares takeover of Vans from Bounty was officially announced.

READ IT HERE - S&V WEEKLY NEWSLETTER VOL.9 NO.24, JUNE 12 2023

THIS WEEK FIVE YEARS AGO!!

Retailers were upbeat following a better week of trading.

SACTWU was threatening to approach the Competition authorities over Green Cross factory closure.

1721 Distributors (Pty) Ltd, distributor of Fila and Levi's, announced it had has moved offices.

READ IT HERE - S&V WEEKLY NEWSLETTER VOL.5 NO.23, JUNE 10, 2019

NEWSLETTER ARCHIVE

All the past S&V Weekly Newsletters from January 2016 onwards are available in the newsletter archive.
VIEW THE ARCHIVE - CLICK HERE

Contact us

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

Next newsletter: June 17, 2024. Ad and editorial deadline Friday 14 June.

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

Footwear Industry Articles

• 

  Younger generation decides Puma’s strategic direction on leather

  Puma’s recent decision to significantly reduce leather usage in its footwear is a clear reflection of the evolving landscape of the fashion industry, driven primarily by the preferences of the younger generation. Gen Y, Z, and Alpha, who collectively make up around 65% of the U.S. population, are increasingly pri ...more
• 

  AMSA: ‘Perturbing trend’ in imports

  Durban, KZN, SA – As the economy still seems to be precariously poised due to various exogenous variables, I remain very cautious about looking into the future.The formal sector of the economy has not fared well in terms of employment as measured by Clothing Industry Bargaining Council figures (see attached chart).It appears that th ...more
• 

  AI is putting an end to counterfeit sneakers

  Osmo’s AI-powered scent authentication machine in action, revolutionizing the fight against counterfeit sneakers by detecting unique chemical profiles with remarkable precision.As the sneaker resale market continues to boom, counterfeit goods remain a persistent concern for both luxury and mass-market brands. Counterfeiters have bec ...more

MORE ARTICLES

Leather Industry Articles

• 

  Hide demand steady amid growing global supply, gelatine plants absorbing higher number of lower grades

  The picture I get of the leather industry globally is that it is losing share in all its markets for a variety of reasons. In South Africa, the situation is compounded by cash-strapped consumers choosing cheaper alternatives. Cape Produce Company is at the beginning of the leather process, and it supplies all leather markets in SA and internationally. I asked CEO Benjy Lapiner if the picture is as bleak as I’m told. No, he said, but… ...more
• 

  A cost-effective method of reducing loose grain damage during the bating process

  IntroductionEnzymatic bating is an important part of the leather making process. Bating enzymes help remove unwanted skin components from the hide structure, as well as any scud present on the grain layer. Good bating leads to clean, soft leather. Under bating results in poor removal of unwanted skin components, and a firmer crust leather ...more
• Rolfes Leather: New owners give it entrée to more African markets

  Boksburg, Gauteng, SA – Rolfes Leather and the other 4 divisions which collectively make up the Rolfes Group have been acquired by the Solevo Group, a pan-African distributor of specialty chemicals.In a statement, Solevo said it had bought 100% of Rolfes Group in a deal backed by Solevo’s owner, London-based Development Partne ...more

MORE ARTICLES

PPE Industry Articles

• 

  Standard socks could shock: The hidden danger in anti-static work environments

  Pinetown, KZN, SA – In any environment where the build-up of static electricity has been determined to be a risk, anti-static footwear must be worn. Anti-static footwear is designed to help dissipate the accumulation of static electricity from the body while still providing a reasonable level of resistance to electrical hazards from ...more
• 

  Mastering contractor management for safety, business efficiency and growth in the mining industry

  Johannesburg, Gauteng, SA (13 November 2024) – The mining industry operates in a complex and demanding environment characterised by rapid technological advancements, stringent safety regulations, and escalating cost pressures. To compete in this context successfully, mining executives must prioritise operational efficiency, cost-eff ...more
• 

  Fostering safety through commitment by empowering workforce development and lifelong dedication

  Johannesburg, Gauteng, SA (24 October 2024) – Workplace safety is not merely a regulatory requirement; it is a fundamental aspect of organisational health and success. At its core lies commitment—a steadfast dedication to safeguarding the well-being of employees. When commitment permeates an organisation, it creates a culture ...more

MORE ARTICLES

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