S&V Weekly Newsletter Vol.11 No.12, March 24 2025
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Veldskoen ‘expecting new investors’ post June court case
Cape Town, W. Cape, SA – The court case in which a minority shareholder is seeking to have Veldskoen Shoes (Pty) Ltd placed in business rescue will be heard in the Cape High Court on 03 June after an earlier urgent application was postponed.
The shareholder is the Dorothea Charlottle Moors Family Trust, represented by Mauritius-based Adrian Moors. He is also a non-executive director, not involved in the day-to-day running of the business.
The majority shareholders and active partners are Nick Dreyer and Ross Zondagh.
“The minority shareholder doesn’t approve of the direction the company is taking, and is seeking to put the company in business rescue because we won’t currently repay his shareholder loan,” Zondagh said. “His loans, like ours, are subordinated, and aren’t due.
“His action has damaged the company, but not the brand. Like all businesses in South Africa, we have our challenges, but we’re paying all our suppliers and continuing with the business. We know how crucial it is to keep our suppliers and creditors happy, and no other creditor or supplier joined the Trust’s application.
“We’re looking forward to the resolution of this case because court cases unfortunately take time.
“The positive news is that we have 2 other parties, both South African, who wants to come on board as investors. Then we can continue to grow this business and employment in South Africa.”
Closing
Alan D. Jackson cc
Morgan Naidoo, member
Durban, KZN, SA – As you know business has been extremely difficult for a while now. In view of this I have made a decision to close up the business and retire.
Nu Trend Apparel [Nu Trend Footwear (Pty) Ltd]
Anwar Vahed, director
King William’s Town, E. Cape, SA – I have closed the business. I am now the fabric sales representative for Lining & Textile Distributors (Pty) Ltd.
Reactions to Green Cross article
Brian R. Zyster, retired
Cape Town, W. Cape, SA – Your article on Green Cross has brought back great memories for the role they played in the South African footwear industry.
I fondly remember Mr Zeppel as a visionary in the space that his company traded in.
My first connection with the company was that at the age of around 13 years old I was putting the shoes into boxes during the school holidays in a very small factory out in Salt River, Cape Town. A large number of my family members were employed by him. This pricked my excitement, and I spent over 50 years in the industry but never worked for the company but because of Mr Zeppel snr and his vision.
So sad to hear that this has now been deleted from our shores but I blame most of the corporate world for what has happened to the industry and is still happening. Non-core shoemakers are in charge of footwear manufacturing today. Accountants are in control.
Shame on AVI.
Hugo Zuanni, Leather Link
Cape Town, W. Cape, SA – The AVI geniuses ………stuffed up a brilliant business %^&$%#$#@@$%%^
In case you missed it!
The March issue of S&V Footwear & Leather Goods Magazine
S&V Footwear & Leather Goods Magazine Vol91 No3 March 2025
IN THIS ISSUE:
03 Upfront
- The end for Green Cross: After spending millions to remake it in its own image, AVI pulls the plug on one of the few home grown footwear brands.
07 Export & Trade
- Discussions in Hong Kong: Challenges in the global footwear market amid economic strain, by Nerisha Jairaj.
09 Headlines with Tinashe Mandirahwe
- NikeSKIMS – A game changer or just smart marketing?
11 Fairs
- Canton: As big as ever.
14 Noticeboard
- Obituary: Howard Patterson-Roberts, a practical joker, honest and generous in all things – except maybe biltong.
Advertisers in this Issue
Arena Trims (06), BBF Safety Group (04), Canton Fair (02), Freestyle Genuine Handcrafted Leather (OFC), Haesloop Agencies (08), Leather Finishing Products (10), Saddler Belts (05), SAFLEC (07), S&V Calendar (01), S&V Directory (14), Shotland Packaging (12).
They Said It
"This turnaround will be a marathon, not a sprint. But [new Nike MD Elliott] Hill is off to a slow start. Yesterday (March 20) marked his first full quarter at the helm and the first chance to update investors on how his ‘Win Now’ plan is faring. Revenue was down 9% for the third quarter, totalling £9.1bn ($11.3bn). In North America, Nike’s largest market, revenue decreased by 4%, while EMEA and Greater China were down 10% and 17%, respectively." - Report in thedrum.com.
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
24/03/1947: Chiman Harjeven, Knight's Shoes, Grahamstown, E. Cape, SA.
24/03/1986: Andrew Williams, Little Slipper Co., Port Elizabeth, E. Cape, SA.
25/03/1963: Richard Mulenga, Zamleather, Lusaka, Zambia.
25/03/1974: Charl du Plessis, left the industry, formerly with KKI, Oudtshoorn, W. Cape, SA.
26/03/1950: Bunny Ramsay, Equalization Footwear, Durban, KZN, SA.
26/03/1961: Peter Meinzer, Thiel’s Shoe Shop, Windhoek, Namibia.
27/03/1952: Mike Conradie, freelance designer, Durban, KZN, SA.
27/03/1958: Bède Bedetse, African Tannery Company (Afritan), Bujumbura, Burundi.
27/03/1958: Tony Parkes, retired, formerly Bata SA, Pinetown, KZN, SA.
27/03/1992: Eugene Greyling, Soviet, Midrand, Gauteng, SA.
28/03/1963: Brett Momberg, BBF Group, Port Elizabeth, E. Cape, SA.
28/03/1964: Pooan Archary, Paragon Footwear, Pietermaritzburg, KZN, SA.
28/03/1968: Ismail Gathoo, Esquire, Bethlehem, Free State, SA.
28/07/1970: Ansa Nel, African Leather & Skins, Centurion, Gauteng, SA.
28/03/1972: Alfonso Smerilli, Make My Shoes, Johannesburg, Gauteng, SA.
28/03/1985: Taariq Mahomed Hoosen, Paris Belts, Johannesburg, Gauteng, SA.
28/03/1986: Mohamed Adam, Seadoone Shoes, Amanzimtoti, KZN, SA.
29/03/1949: Jose Alves, Unikem, Pinetown, KZN, SA.
29/03/1954: Keith Alexander?
29/03/1955: Dennis Manning, emigrated, formerly Trenzado Footwear, Durban, SA.
29/03/1963: Kosi Cooppan, Majenta Shoes, Durban, KZN, SA.
29/03/1974: Julian Zuluaga, left SA, formerly Bata SA, Pinetown, KZN, SA.
30/03/1946: Sarel Broodryk, retired, formerly Exotan, Port Elizabeth, E. Cape, SA.
In memoriam this week
24/03/2011: John Lailvaux (b. 16/10/1946), Bouvette (closed), Pedrino (closed), Shoe Boyz (closed), Naked Feet, Johannesburg, Gauteng, SA.
26/03/1994: Manfred Hanni, Hanni Leathers [now Pangea SA], Nigel, Gauteng, SA.
26/03/2002: Marie Joy Viljoen, Tuftex, Pinetown, KZN, SA.
26/03/2011: Paolo Bresolin (b. 25/07/1944), Andreoli Shoes [closed], Pinetown, KZN, SA.
26/03/2016: Viroo Harry (b. 10/01/1960), Mr Man, now part of Knight's Shoes, Grahamstown, E. Cape, SA.
28/03/2011: Brian Berger (b. 25/12/1963), Armadillo Footwear [closed], Johannesburg, KZN, SA.
28/03/2015: Colin Grecia (b. 29/12/1964), Classic Components, Pinetown, KZN, SA.
29/03/2008: Jeff Bub (b. 28/09/1942), In Shoes/In Clothing [closed], Cape Town, W. Cape, 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
ACA Threads, Cape Town, W. Cape, SA.
ACA Threads, Johannesburg, Gauteng, SA.
ACA Threads, Durban, KZN, SA.
African Gameskin Group (Pty) Ltd, Cape Town, W. Cape, SA.
African Gameskin Group (Pty) Ltd Johannesburg branch, Johannesburg, Gauteng, SA.
African Gameskin Group (Pty) Ltd Durban branch, New Germany, KZN, SA.
Bresan Footwear (Pty) Ltd, Merrivale, KZN, SA.
Central Suppliers [Excellent 162 cc], Port Elizabeth, E. Cape, SA.
Embroidery Junxion [Junxion Group cc], Johannesburg, Gauteng, SA.
Fusion Leather World (Pty) Ltd, Cape Town, W. Cape, SA.
Fusion Leather World (Pty) Ltd KZN, New Germany, KZN, SA.
Galabiss cc, Pinetown, KZN, SA.
Italtan [Italian Tanning cc], Johannesburg, Gauteng, SA.
Italtan [Italian Tanning cc], Cape Town, W. Cape, SA.
Mark Wynn Consulting, Wartburg, KZN, SA.
Robroy Agencies (Pty) Ltd, Kloof, 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 ¥ |
| 04/01/2025 |
R19.31 |
R23.26 |
R18.72 |
R2.55 |
| 11/01/2025 |
R19.57 |
R23.32 |
R19.10 |
R2.60 |
| 18/01/2025 |
R19.25 |
R22.81 |
R18.73 |
R2.55 |
| 25/01/2025 |
R19.30 |
R22.95 |
R18.39 |
R2.53 |
| 01/02/2025 |
R19.35 |
R23.13 |
R18.67 |
R 2.57 |
| 08/02/2025 |
R19.01 |
R22.83 |
R18.40 |
R 2.52 |
| 15/02/2025 |
R19.25 |
R22.09 |
R18.35 |
R 2.52 |
| 22/02/2025 |
R19.20 |
R23.19 |
R18.35 |
R 2.53 |
| 01/03/2025 |
R19.38 |
R23.50 |
R18.68 |
R 2.56 |
| 08/03/2025 |
R19.73 |
R23.53 |
R18.22 |
R 2.52 |
| 15/03/2025 |
R19.78 |
R23.49 |
R18.16 |
R 2.51 |
| 22/03/2025 |
R19.71 |
R23.54 |
R18.22 |
R 2.51 |
2. Botswana Pula
Source: http://www.x-rates.com/calculator/
| |
Euro € |
GBP £ |
US $ |
CNY ¥ |
| 04/01/2025 |
14.39 |
17.33 |
13.95 |
1.90 |
| 11/01/2025 |
14.25 |
16.98 |
13.91 |
1.89 |
| 18/01/2025 |
14.39 |
17.05 |
14.00 |
1.91 |
| 25/01/2025 |
14.50 |
17.24 |
13.82 |
1.90 |
| 01/02/2025 |
14.41 |
17.23 |
13.90 |
1.91 |
| 08/02/2025 |
14.50 |
17.42 |
14.04 |
1.92 |
| 15/02/2025 |
14.51 |
17.41 |
13.83 |
1.90 |
| 22/02/2025 |
14.40 |
17.40 |
13.77 |
1.89 |
| 01/03/2025 |
14.29 |
17.32 |
13.77 |
1.89 |
| 08/03/2025 |
14.78 |
17.63 |
13.65 |
1.88 |
| 15/03/2025 |
14.83 |
17.62 |
13.62 |
1.88 |
| 22/03/2025 |
14.74 |
17.60 |
13.62 |
1.87 |
3. Malawian Kwacha (MWK) (buying)
Source: https://www.rbm.mw/
| |
Euro € |
GBP £ |
US $ |
ZAR |
| 04/01/2025 |
1816.63 |
2191.92 |
1717.02 |
94.59 |
| 11/01/2025 |
1819.29 |
2171.58 |
1717.02 |
93.34 |
| 18/01/2025 |
1820.17 |
2159.73 |
1717.02 |
94.18 |
| 25/01/2025 |
1848.47 |
2193.86 |
1717.02 |
96.09 |
| 01/02/2025 |
1837.33 |
2196.51 |
1717.02 |
95.29 |
| 08/02/2025 |
1835.03 |
2197.40 |
1717.02 |
95.78 |
| 15/02/2025 |
1848.82 |
2119.86 |
1717.02 |
95.70 |
| 22/02/2025 |
1854.83 |
2238.78 |
1717.02 |
96.30 |
| 01/03/2025 |
1836.44 |
2224.46 |
1717.02 |
95.68 |
| 08/03/2025 |
1912.31 |
2278.93 |
1717.02 |
97.50 |
| 15/03/2025 |
1917.62 |
2286.82 |
1717.02 |
96.82 |
| 22/03/2025 |
1916.03 |
2286.89 |
1717.02 |
97.27 |
4. Zambian Kwacha (ZMW) (buying)
Source: https://www.boz.zm/
| |
Euro € |
GBP £ |
US $ |
ZAR |
| 04/01/2025 |
28.75 |
34.65 |
27.93 |
1.48 |
| 11/01/2025 |
28.66 |
34.25 |
27.81 |
1.46 |
| 18/01/2025 |
28.64 |
33.90 |
27.82 |
1.48 |
| 25/01/2025 |
29.15 |
34.54 |
27.84 |
1.51 |
| 01/02/2025 |
29.09 |
34.80 |
28.01 |
1.30 |
| 08/02/2025 |
29.13 |
34.94 |
28.07 |
1.52 |
| 15/02/2025 |
29.47 |
35.42 |
28.13 |
1.53 |
| 22/02/2025 |
29.58 |
35.73 |
28.26 |
1.53 |
| 01/03/2025 |
29.67 |
35.91 |
28.51 |
1.54 |
| 08/03/2025 |
31.07 |
36.95 |
28.59 |
1.57 |
| 15/03/2025 |
31.17 |
37.02 |
28.61 |
1.57 |
| 22/03/2025 |
31.21 |
37.25 |
28.82 |
1.58 |
5. Zimbabwe Gold (ZiG)
Source: Source: https://www.rbz.co.zw/
| |
Euro € |
GBP £ |
US$ |
ZAR |
| 04/01/2025 |
ZIG 26.52 |
ZIG 32.01 |
ZIG 25.82 |
ZIG 0.72 |
| 11/01/2025 |
ZIG 26.83 |
ZIG 32.03 |
ZIG 26.05 |
ZIG 0.72 |
| 18/01/2025 |
ZIG 27.03 |
ZIG 32.09 |
ZIG 26.26 |
ZIG 0.71 |
| 25/01/2025 |
ZIG 27.47 |
ZIG 32.58 |
ZIG 26.30 |
ZIG 0.70 |
| 01/02/2025 |
ZIG 27.38 |
ZIG 32.74 |
ZIG 26.36 |
ZIG 0.70 |
| 08/02/2025 |
ZIG 27.40 |
ZIG 32.81 |
ZIG 26.40 |
ZIG 0.69 |
| 15/02/2025 |
ZIG 27.62 |
ZIG 33.18 |
ZIG 26.43 |
ZIG 0.69 |
| 22/02/2025 |
ZIG 27.60 |
ZIG 33.33 |
ZIG 26.46 |
ZIG 0.69 |
| 01/03/2025 |
ZIG 27.59 |
ZIG 33.42 |
ZIG 26.56 |
ZIG 0.69 |
| 08/03/2025 |
ZIG 28.79 |
ZIG 34.32 |
ZIG 26.64 |
ZIG 0.68 |
| 15/03/2025 |
ZIG 28.91 |
ZIG 34.51 |
ZIG 26.66 |
ZIG 0.68 |
| 22/03/2025 |
ZIG 28.90 |
ZIG 34.52 |
ZIG 26.70 |
ZIG 0.68 |
Note: For previous rates, see HERE
ABSA Agri Trends: Hides & skins prices
Johannesburg, Gauteng, SA (14 March 2024) – The current average hide price increased by 0.92% to R2.799/kg from R2.774/kg a week ago. The current price is 0.18% higher than the average price a month ago and was 14.7% lower than the average price a year ago. The range of prices reported was as follows: Minimum price: R2.75 Maximum price: R3.00. 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, 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:
Grootfontein Agricultural Development Institute, Middelburg, E. Cape, SA. Agricultural training.
Groundcover Leather Co., Curry’s Post, KZN, SA. Textile supplier.
THIS WEEK LAST YEAR!
Trading conditions
Edgars Zimbabwe proposes moving from Zimbabwe Stock Exchange to Victoria Falls Stock Exchange for closer links to US Dollar
Nike is leaning back into wholesale. Some analysts say this was inevitable.
Death notice: Craig Garvie, CEO of African Boomerang Holdings
In case you missed it! : The latest issue of S&V Protect Magazine
READ IT HERE - S&V Weekly Newsletter Vol.10 No.13, March 25 2024
THIS WEEK FIVE YEARS AGO!!
Retail so far this year
Bounty, brand vendors, in talks over C2C debts
Covid-19: SA events postponed
Local factories get first option to Ihlobo equipment
READ IT HERE - S&V Weekly Newsletter Vol.6 No.12, March 23, 2020
Contact us
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, tony@svmag.co.za
Next newsletter: Monday 31 March, 2025. Ad and editorial deadline Friday 28 February.
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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