As part of the R-CTFL Masterplan, the Industrial Development Corporation funded 2 ‘subnational clusters’ to enhance local manufacturing capabilities. In Durban, the Mr Price Cluster involved Labora Shoes and Smiley’s Footwear, and in Pietermaritzburg, Eddels was the manufacturing partner in the Foschini Cluster. Both are being wound up. Tshepo Ramodibe, IDC Head of Corporate Affairs, replies to S&V’s questions.  ...more

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 ...more

Pietermaritzburg, 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 ...more

Pietermaritzburg, 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 ...more