41 of 2021

                         Newsletter No 41 / 29 October 2021                           

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“Fashion Bridges” between SA and Italy

“Syllogism” by Jaques Bam and Julian Cerro. This collection includes cotton fabric sponsored by Da Gama Textiles

The “Fashion Bridges-I Ponti della Moda” project, promoted by the Embassy of Italy in South Africa, with the aim of supporting Italian fashion and young designers alongside young South African talents, was present at the inauguration of the Milan Fashion Week, on 21 September 2021.
With the emphasis on sustainability and the use of natural fibres Cotton SA, with Mohair SA and Cape Wool joined hands with Lucilla Booysen (South African Fashion week – SAFW) and contributed as sponsors towards the project.
For this project three young designers from South Africa (Jacques Bam, Fikile Zamagcino sokhulu and Sipho Mbuto) were paired with three young Italian designers from Polimoda (Julian Cerro, llaria Bellomo and Domenico Orefice). Each pair completed a virtual training programme developed by Polimoda and the Camera Nazionale della Moda Italiana, whereafter they created the joint capsule collection presented in Milan.
Four inspiring themes were presented in Milan by the designers in their collections

Each item presented is the result of the cultural and professional exchange between Italy and South Africa, in an innovative and inclusive journey between the two countries. The designers have been able to extraordinarily blend their creativity, giving life to unique works of their kind. The collections will also be presented during SA Fashion Week, which will be held at the Mall of Africa in Midrand in Johannesburg from 28 October 2021. For more information and tickets

Also visit the SAFW Trade Show from 31 Oct – 01 Nov 2021, Mall of Africa, Crystal Court to interact and buy from the designers directly. For more information     Cotton SA

Rewoven wins inaugural Äänit Prize

Tshepo Bhengu, Lonwabo Mgoduso and Esethu Cenga

Rewoven, a textile recycling startup, cofounded by Esethu Cenga, Lonwabo Mgoduso and Tshepo Bhengu, was named the first-ever recipient of the Äänit Prize, The Mandela Rhodes Foundation’s new award for social Impact.

Every second, the equivalent of a rubbish truckload of clothes is burnt or buried in a landfill. The fast-fashion industry is one of the most polluting in the world. It generates 90 million tons of waste annually, of which only 1% is recycled.

Rewoven diverts textile waste from landfills by collecting it from the source and recycling it into new fabric. Rewoven’s manufacturing process uses 99% less water and generates 50% less CO2 emissions than normal production processes. The fabric has the same look and quality as fabric made from virgin fibres. The labour-intensive textile recycling process provides much-needed jobs, particularly for women, who make up the majority of clothing industry workers.

Rewoven’s vision is to create a socially and ecologically sustainable way to create clothing and to contribute to more socially and ecologically sustainable ways of living.

“Rewoven is a compelling and innovative textile recycling start-up that brilliantly addresses critical needs for economic development, broad-scale employment, women’s empowerment, and planetary responsibility. This enterprise has the potential to be transformative economically, socially and environmentally. It is sustainable by profit and globally scalable.” This was the citation delivered on behalf of an independent panel of judges made up of African experts from various sectors, chaired by Elliot Gerson, executive vice president of the Aspen Institute.

Professor Njabulo Ndebele, chairman of the Board, said that the awarding of the new prize was a historic moment in the life of the Foundation, which is Nelson Mandela’s official legacy organisation for leadership development. “By entrepreneurship, we mean a belief in the critical role played by individual human effort, hard work, innovation and creativity in leading to the betterment of society and Africa’s place in the world. Each of the seven finalists beautifully embodies this spirit. I am struck by the combination of pragmatism and hopefulness that characterises these projects – a way of seeing possibilities hidden within the challenges that we face,” he said. Professor Ndebele also emphasised his gratitude to the donor, David Cohen.

The awards were co-hosted by actor Masasa Mbangeni and MRF CEO Judy Sikuza, who are both Mandela Rhodes Scholars themselves, and streamed to a global audience. Sikuza said that she was delighted with the result. “Esethu Cenga’s leadership of Rewoven is exactly what we hope for when we select and develop Mandela Rhodes Scholars. Esethu demonstrates courageous, visionary leadership that is grounded in hard work and humility. We are very proud of her and Rewoven, which offers such a creative solution to several complex problems.” She added that the competition was extremely tight and that all of the finalists’ ventures are exceptional and worthy of support and investment.
The Äänit Prize is a complementary offering to the Foundation’s flagship programme, the Mandela Rhodes Scholarship, and is available to alumni of both the Mandela Rhodes Scholarship and the Rhodes Scholarship. The prize supports both for-profit and non-profit initiatives, increasing the impact of leaders in both alumni communities by supporting their efforts to reduce inequality and deliver positive social impact in Africa. The Prize is funded by Ezrah Charitable Trust which was started by long-time MRF supporter and Rhodes Scholar David Cohen.   Bizcommunity

Platinum for Ackermans in the Rapport Leserskeuse Awards

The inaugural ‘Rapport Leserskeuse Awards 2021’ sees Ackermans, South Africa’s leading value retailer, being awarded Platinum in the Children’s Clothing category.

The winners were selected by a group of over 600 readers of Rapport, South Africa’s Afrikaans weekly newspaper from Media24. They were asked to vote for their favourite brands and businesses in different categories to determine the top three winners in each category.

Merlin Norman, chief of marketing at Ackermans, says: “We’re extremely excited and honoured to be awarded with Platinum in the Children’s Clothing category in the first year that the awards are held. Not only have we set out to offer our shoppers value, but quality garments that they will love wearing regularly – across all our departments. Being acknowledged by the public is testament to the fact that we understand our customers so can prioritise their needs, ensuring they are at the heart of everything we do. Thank you to everyone who voted for us.”

Pick n Pay interim results August 2021

Turnover for the interim period increased to R46 billion (2020: R44.2 billion) whilst gross profit lowered to R8.4 billion (2020: R8.6 billion). Profit for the period shot up to R296.8 million (2020: R158.7 million) and headline earnings per share grew to 61.28 cents per share (2020: 43.78 cents per share).

FY21 interim dividend – number 105
Notice is hereby given that the directors have declared an interim gross dividend (number 107) relating to its 2022 interim financial period (26 weeks ended 29 August 2021) of 35.80 cents per share out of income reserves. The dividend declared is subject to dividend withholding tax at 20%. The tax payable is 7.16 cents per share, resulting in shareholders who are not exempt from dividends tax with a net dividend of 28.64 cents per share.

                                                                                                                 Did you know……..

The most talked about Oscars dresses of all time

Cher, 1974

Cher wore a midriff-baring ensemble the year before, but this flowery bandeau top exposed a lot more than just her abs.

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