S&V Weekly Newsletter Vol.10 No.39, September 23 2024
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Despite challenges, still a place for formal
Tavonga Gonyora, sales & marketing director, Dick Whittington Shoes Pietermaritzburg, KZN, SA - Despite the challenging trading conditions, we have continued to enjoy the support of our trusted retailers, which has seen our order position up on last year across our major brands.
Market insights show that many South Africans continue to struggle financially due to the cost-of-living crisis, where high levels of inflation are impacting the cost of food, fuel and even mortgage and rent payments. Therefore, price-sensitive consumers are reducing their discretionary spending. For most low-income consumers in South Africa, food is the main priority, leaving categories such as apparel and footwear as an afterthought.
We are not in competition with the sneaker business. Despite the shift from formal footwear to casual there is still room for a well-made pair of smart formal dress shoes. Our Bishop, Johnston & Murphy and Saxone brands continue to hold their own.
It is our hope that the recent fuel price decreases coupled with the 2-pot retirement system will drive up some much-needed money supply which further stimulate retail sales. The strengthening of the rand is a bit of a double-edged sword which also serves to cheapen the imports coming into the country.
As a business we maintain our ethos of continually delivering footwear of exceptional quality and value.
Celebrations as Nike changes CEO
Even very big companies can make very big, very expensive mistakes.
Under the headline ‘Nike Employees and Industry Leaders Rejoice at New CEO Announcement’, Footwear News last week reported:
“The shoe industry got a welcome surprise Thursday afternoon when the Swoosh announced a long-awaiting change to the top of its leadership team: chief executive officer John Donahoe will step down from the company, effective Oct. 13 and be replaced by former Nike executive Elliott Hill, who served in several leadership roles before retiring in 2020.
Nike’s move was applauded by Wall Street, with shares of the company shooting up 10.2 percent to $89.25 in afterhours trading on Thursday. The stock remained up at market open on Friday.
The market wasn’t the only one rejoicing. In the wake of the announcements, several industry leaders — as well as current and former Nike employees — took to LinkedIn to share their excitement about the new appointment and shared their hopes that Nike might finally be on the right track after several quarters of falling sales.
Bloomberg.com was crueller.
Under the headline ‘The Man Who Made Nike Uncool’, it wrote: “Instead of transforming the sneaker giant into a high-tech powerhouse, John Donahoe pissed off partners and disappointed fans.”
It also said Donahoe earned over $100 million in 5 years and cost Nike $40 billion in market value.
Will all this mean SA retailers who were cast aside by Nike can expect calls? Probably not anytime soon.
 
In case you missed it!
The September issue of S&V African Leather Magazine
S&V African Leather Magazine Vol18 No9 September 2024
IN THIS ISSUE:
02 Sam Setter’s ‘Pills’
- A new quip from Sam Setter in each issue.
04 Upfront
- Retail attitudes to footwear leather: A mixed picture.
06 An Eclectic View
- Anaerobic leather: There’s more to this than finding ancient Roman sandals in waterlogged soil, writes correspondent H. Procter.
09 Leather, Its Image & Its Place In The World
- Leather in an evolving automotive market: Yes, there are challenges, but leather remains a popular choice, writes the Sustainable Leather Foundation’s Deborah Taylor.
11 Decoding Tanning Science
- Enzymatic removal of proteoglycans in hides promotes opening-up of collagen fibre bundles: Review by Dr Clive Jackson-Moss of a paper in JALCA.
14 Weights & Measures
- Compiled by the ISTT.
15 Notice Board
- IULTCS Young Leather Scientist Grant Programme 2025 announced.
- Obituary: Roger Rowswell – a gentle, decent man who contributed to a better environment professionally and personally.
Advertisers in this Issue
Authenticae (08), International School of Tanning Technology (ISTT) (OFC), Mimosa (03), Rolfes Leather Division (05), S&V Calendar (01), S&V Directory (07), Southern African Footwear & Leather Export Council (SAFLEC) (04), Sustainable Leather Foundation (10).
They Said It
"He has bought the business from me…. I’m still helping out, but he and his wife Ange are the ones with sleepless nights now!" - Amanda McCarthy referring to her son, Daniel, of Groundcover Leather Co., Curry’s Post, KZN, 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
New subscribers last week
Nalini Reddy, Executive Secretary, Ethekwini Municipality, Durban, KZN, South Africa
Marianne, HSE Manager, JRA, Johannesburg, Gauteng, South Africa
Lacey Reid, Tannery & Research Manager, 7 Leagues Leather, Canada
Birthdays this week
23/09/1945: Devan Nayager, Shoe Africa, Durban, KZN, SA.
23/09/1951: Grant Fraser, Claw Boot, Johannesburg, Gauteng, SA.
24/09/1964: Hester Meijer, Berklee Fashion Clothing, East London, E. Cape, SA.
24/09/1977: Ridwaan Moola, Foot Focus, Durban, KZN, SA.
25/09/1965: Mahomed Dawood Kaka, Skoen Boetiek, Lichtenburg, N.W. Province, SA.
25/09/1973: Michael Cloete, Resource Fashion Trading, Cape Town, W. Cape, SA.
25/09/1974: Yousuf M Jadwat, Fast Forward Clothing Co, Bellville, W. Cape, SA.
25/09/1979: Zaid Paruk, City Express Stores, Durban, KZN, SA.
26/09/1934: Siva Pillay, Allateens Bopsi Footwear, Durban, KZN, SA.
26/09/1940: Cedric Novis, emigrated, formerly Bolton Footwear, W. Cape, SA.
26/09/1944: Dick Smyth, designer, Durban, KZN, SA.
26/09/1948: Melt van Niekerk, Checkmate, Secunda, Mpumalanga, SA.
26/09/1958: Skip Bradfield, Skip Bradfield Agencies, Cape Town, W. Cape, SA.
26/09/1970: Brett Pengelly, Trail Mix Trading, Durban, KZN, SA.
27/09/1943: Rashid Mayet, agent, Johannesburg, Gauteng, SA.
27/09/1950: Chan Morar, Modway Shoes, Pietermaritzburg, KZN, SA.
27/09/1973: Tracy Lopez, Lopez Leathers, Cape Town, W. Cape, SA.
28/09/1938: Mervin Bloom, retired, formerly Meroda Footwear [closed], Cape Town, W. Cape, SA.
28/09/1946: Richard Bryant, retired, formerly Mossop Western and Fusion Leather, Cape Town, W. Cape, SA.
28/09/1948: Ivy Boulanger, Little Leather Shop, Margate, KZN, SA.
28/09/1963: Loll Bishoon, agent, Johannesburg, Gauteng, SA.
28/09/1967: Rajesh Morar, Quik Serv Shoes, Pietermaritzburg, KZN, SA.
28/09/1977: Preshan Ramharack, Palm Footwear, Durban, KZN, SA.
28/09/1983: Jonathan van Staden, Laeveld Huide & Velle, Nelspruit, Mpumalanga, SA.
29/09/1942: Moon Govender, Arc Footwear, Durban, KZN, SA.
29/09/1957: Monica Hoffman, Chafkins, Benoni, Gauteng, SA.
29/09/1959: Ismail Haffejee, Capri Bag, Durban, KZN, SA.
29/09/1962: Venessa Schmid, The Whatnot, Cape Town, W. Cape, SA.
29/09/1963: Gavin Wilkins, formerly Eddels Shoes, Pietermaritzburg, KZN, SA.
29/09/1967: Hitesh Motiram, Nakuls, White River, Mpumalanga, SA.
29/09/1968: Milton Zwart, Ribtech, Pietermaritzburg, KZN, SA.
29/09/1964: Denzil Spolander, African Gameskin Group, Cape Town, W. Cape, SA.
29/09/1976: Brad Isaacson, agent, Durban, KZN, SA.
In memoriam this week
23/09/2005: Tony Mossop (b. 30/06/1942), Mossop-Western Leathers, Wellington, W. Cape, SA.
24/09/2003: Werner Fehr, agent, Cape Town, W. Cape, SA.
24/09/2021: Stewart Francks (b. 05/02/1947), retired, formerly Jordan Shoes, Cape Town, W. Cape, SA.
25/09/2019: Mike Gedye (b. 04/03/1950), Michelle Footwear, Durban, KZN, SA.
26/09/1994: Cinnie Bonthuys, Crown Footwear, Pinetown, KZN, SA.
26/09/2020: Douglas Oates [b. 03/12/1939], Bata and Beier Safety Footwear, Pinetown, KZN, SA.
27/09/2018: Mano Chetty (b. 29/11/1961), formerly PMC Group, Pinetown, KZN, SA.
29/09/2012: Richard McCulley (b. 14/09/1964), agent, Cape Town, W. Cape, SA.
29/09/2004: Noel Eric Teifel (b. 06/03/1928), NE Teifel & Co, Midrand, 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.
Directory entries updated last week
Crown Group [Crown Footwear (Pty) Ltd, Cheval Shoes (Pty) Ltd, Overland (Pty) Ltd, Quad Rocky Marketing (Pty) Ltd] Pinetown, KZN, SA.
Dreamworks [Intershu Group of Companies], Germiston, Gauteng, SA.
Intershu Distributors [Intershu Group of Companies], Germiston, Gauteng, SA.
Jaz Agencies [Intershu Group of Companies], Germiston, Gauteng, SA.
Katz Footwear [Intershu Group of Companies], Germiston, Gauteng, SA.
Rodrigo Footwear, Durban, KZN, SA.
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 ¥ |
| 01/06/2024 |
R20.41 |
R23.96 |
R18.81 |
R2.59 |
| 08/06/2024 |
R20.40 |
R24.02 |
R18.87 |
R2.60 |
| 18/06/2024 |
R19.47 |
R23.03 |
R18.16 |
R2.50 |
| 23/06/2024 |
R19.22 |
R22.74 |
R17.97 |
R2.47 |
| 29/06/2024 |
R19.44 |
R22.95 |
R18.14 |
R2.49 |
| 07/07/2024 |
R19.74 |
R23.35 |
R18.23 |
R2.50 |
| 13/07/2024 |
R19.60 |
R23.32 |
R17.96 |
R2.47 |
| 20/07/2024 |
R19.89 |
R23.61 |
R18.27 |
R2.51 |
| 27/07/2024 |
R19.88 |
R23.55 |
R18.29 |
R2.52 |
| 03/08/2024 |
R19.92 |
R23.39 |
R18.27 |
R2.55 |
| 10/08/2024 |
R20.01 |
R23.38 |
R18.33 |
R2.55 |
| 17/08/2024 |
R19.66 |
R23.11 |
R17.86 |
R2.49 |
| 24/08/2024 |
R19.86 |
R23.42 |
R17.72 |
R2.48 |
| 22/09/2024 |
R19.47 |
R23.21 |
R17.42 |
R2.47 |
2. Botswana Pula
Source: https://www.xe.com/currencyconverter/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 01/06/2024 |
14.74 |
17.31 |
13.59 |
1.87 |
| 08/06/2024 |
14.82 |
17.45 |
13.71 |
1.89 |
| 18/06/2024 |
14.52 |
17.18 |
13.55 |
1.86 |
| 23/06/2024 |
14.45 |
17.11 |
13.52 |
1.86 |
| 29/06/2024 |
14.53 |
17.15 |
13.56 |
1.86 |
| 07/07/2024 |
14.76 |
17.46 |
13.63 |
1.87 |
| 13/07/2024 |
14.70 |
17.49 |
13.47 |
1.85 |
| 20/07/2024 |
14.71 |
17.46 |
13.51 |
1.85 |
| 27/07/2024 |
14.80 |
17.53 |
13.62 |
1.87 |
| 03/08/2024 |
14.83 |
17.41 |
13.60 |
1.90 |
| 10/08/2024 |
14.80 |
17.30 |
13.56 |
1.89 |
| 17/08/2024 |
14.82 |
17.42 |
13.46 |
1.87 |
| 24/08/2024 |
14.96 |
17.65 |
13.35 |
1.87 |
| 22/09/2024 |
14.81 |
17.67 |
13.26 |
1.88 |
3. Malawian Kwacha (MWK) (buying)
Source: https://www.rbm.mw/
| |
Euro € |
GBP £ |
US $ |
ZAR |
| 01/06/2024 |
1912.34 |
2247.95 |
1716.73 |
94.10 |
| 08/06/2024 |
1925.25 |
2260.15 |
1716.73 |
93.44 |
| 18/06/2024 |
1897.13 |
2244.77 |
1716.73 |
96.93 |
| 23/06/2024 |
1895.01 |
2239.46 |
1716.73 |
98.39 |
| 29/06/2024 |
1890.06 |
2233.45 |
1716.73 |
95.73 |
| 07/07/2024 |
1913.40 |
2258.56 |
1716.73 |
97.10 |
| 13/07/2024 |
1921.86 |
2283.53 |
1717.02 |
98.27 |
| 20/07/2024 |
1924.69 |
2286.18 |
1717.02 |
96.71 |
| 27/07/2024 |
1919.74 |
2273.98 |
1717.02 |
96.61 |
| 03/08/2024 |
1910.19 |
2252.40 |
1717.02 |
97.14 |
| 10/08/2024 |
1931.59 |
2256.47 |
1717.02 |
96.56 |
| 17/08/2024 |
NA |
NA |
NA |
NA |
| 24/08/2024 |
1966.96 |
2318.37 |
1717.02 |
98.25 |
| 22/08/2024 |
1975.62 |
2355.68 |
1717.02 |
101.06 |
4. Zambian Kwacha (ZMW) (buying)
Source: https://www.boz.zm/
| |
Euro € |
GBP £ |
US $ |
ZAR |
| 01/06/2024 |
28.45 |
33.32 |
26.17 |
1.39 |
| 08/06/2024 |
28.55 |
33.57 |
26.36 |
1.39 |
| 18/06/2024 |
27.73 |
32.80 |
25.90 |
1.41 |
| 23/06/2024 |
27.36 |
32.36 |
25.58 |
1.42 |
| 29/06/2024 |
26.42 |
31.22 |
24.69 |
1.35 |
| 07/07/2024 |
26.47 |
31.31 |
24.45 |
1.34 |
| 13/07/2024 |
27.85 |
33.17 |
25.57 |
1.42 |
| 20/07/2024 |
27.89 |
33.09 |
25.61 |
1.39 |
| 27/07/2024 |
28.37 |
33.61 |
26.12 |
1.43 |
| 03/08/2024 |
28.15 |
33.09 |
25.85 |
1.42 |
| 10/08/2024 |
28.48 |
33.25 |
26.10 |
1.42 |
| 17/08/2024 |
28.89 |
33.90 |
26.27 |
1.46 |
| 24/08/2024 |
29.03 |
34.18 |
26.06 |
1.45 |
| 22/09/2024 |
29.37 |
35.00 |
26.29 |
1.50 |
5. Zimbabwe Dollar (ZWL$) (average) / Zimbabwe Gold (ZiG)
Source: Source: https://www.rbz.co.zw/
| |
Euro € |
GBP £ |
US$ |
ZAR |
| 01/06/2024 |
ZIG 14.40 |
ZIG 16.94 |
ZIG 13.31 |
ZIG 1.41 |
| 08/06/2024 |
NA |
NA |
NA |
NA |
| 18/06/2024 |
ZIG 14.45 |
ZIG 17.12 |
ZIG 13.48 |
ZIG 1.35 |
| 23/06/2024 |
ZIG 14.54 |
ZIG 17.21 |
ZIG 13.59 |
ZIG 1.32 |
| 29/06/2024 |
ZIG 14.64 |
ZIG 17.30 |
ZIG 13.70 |
ZIG 1.34 |
| 07/07/2024 |
ZIG 14.81 |
ZIG 17.48 |
ZIG 13.69 |
ZIG 1.33 |
| 13/07/2024 |
NA |
NA |
NA |
NA |
| 20/07/2024 |
ZIG 14.93 |
ZIG 17.74 |
ZIG 13.71 |
ZIG 1.33 |
| 27/07/2024 |
ZIG 14.96 |
ZIG 17.72 |
ZIG 13.78 |
ZIG 1.32 |
| 03/08/2024 |
ZIG 14.87 |
ZIG 17.53 |
ZIG 13.77 |
ZIG 1.32 |
| 10/08/2024 |
ZIG 15.04 |
ZIG 17.57 |
ZIG 13.78 |
ZIG 1.33 |
| 17/08/2024 |
ZIG 15.14 |
ZIG 17.75 |
ZIG 13.79 |
ZIG 1.30 |
| 24/08/2024 |
ZIG 15.36 |
ZIG 18.11 |
ZIG 13.81 |
ZIG 1.30 |
| 22/09/2024 |
ZIG 15.861 |
ZIG 18.60 |
ZIG 13.97 |
ZIG 1.25 |
Note: For previous rates, see HERE
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (19 September 2024) - The current average hide price decreased by 0.19% to R2.806/kg from R2.811/kg a week ago. The current price is 0.17% higher than the average price a month ago and is the same as the average price a year ago. The range of prices reported was as follows: Minimum price: R2.75 Maximum price: R3.09. 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:
S&K Showroom/Street Gym, Johannesburg, Gauteng, SA. Lifestyle retailer, Johannesburg, Gauteng, SA.
SA Bureau of Standards (SABS), Pretoria, Gauteng, SA. Standards organisation.
THIS WEEK LAST YEAR!
How a trip tarnished Germany’s image
Fury over ICLT’s likely closure
READ IT HERE - S&V Weekly Newsletter Vol.9 No.39, September 27 2023
THIS WEEK FIVE YEARS AGO!!
Retail last week: Comment from 4 retailers on Saturday
SARS publishes footwear tariff code changes for comment
Masterplan meeting
Truworths - UK debt restructuring concluded
Changes
READ IT HERE - S&V Weekly Newsletter Vol.5 No.39, September 30, 2019
Contact us
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: Monday September 30, 2024. Ad and editorial deadline Friday 27 September.
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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