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Search Tag: IDC
- 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 ...moreEddels: IDC in talks with possible buyerPietermaritzburg, KZN, SA - There are ongoing negotiations between the shareholders of Celrose (Pty) Ltd and unidentified prospective buyers over the potential sale of Celrose subsidiary Eddels Shoes. As of early last week, no offer had been received from the prospective buyer or buyers. According to a s ...moreEddels: 'No imminent deal' says IDCPietermaritzburg, KZN, SA - Despite a flurry of rumours in the industry, and the unavailability of senior personnel, there is no imminent deal for the Industrial Development Corporation to dispose of Eddels, IDC head of corporate affairs, Tshepo Ramodibe, said yesterday (Monday). The IDC is the majority ...moreFactory closures: IDC respondsS&V asked the Industrial Development Corporation to comment on the closure of Cape Town factories in the leather industry. Spokesperson Zama Luthuli responded:The recent liquidation of Jensen Belts is the fourth leather industry factory in Cape Town to go into liquidation or close in the last 4 or 5 years (the others were Uber Gruvi, ...moreFLIC: Awaiting final step before startingCorrection: Last week’s article contained inaccuraciesPretoria (SA) – The Footwear & Leather Industries Cluster (FLIC), approved by the Industrial Development Corporation (IDC) in January as the replacement for the National Footwear & Leather Cluster (NFLC), has still to be registered as a legal entity before it can s ...moreFLIC: Awaiting final step before startingPretoria (SA) – The Footwear & Leather Industries Cluster (FLIC), approved by the Industrial Development Corporation (IDC) in January as the replacement for the National Footwear & Leather Cluster (NFLC), has still to be registered as a legal entity before it can start operating, but its focus will be on “enabling inte ...moreDTI to spend R1billion on TCLF industriesPretoria (SA) – The Department of Trade & Industry has allocated R1 billion to the textiles, clothing, leather & footwear (TCLF) sector for incentives in its 2017/18 budget, according to Abisha Tembo, chief director, IDD Textiles, Clothing, Leather & Footwear at the DTI. This is out of total incentives budget of R5.5 bil ...more
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