5 of 2016

 Newsletter No. 5  26 February 2016

Discover Mauritius savoir faire 

14 – 15 March 2016, DURBAN

17 – 18 March 2016, SANDTON, JOHANNESBURG

South African buyers and importers will have an opportunity to discover the world’s most up-and-coming textile and apparel sourcing destination next month, when a high-profile trade mission from the Mauritian textile, apparel, accessories, jewellery and agricultural products sectors travels to Johannesburg and Durban for talks with local businesses.

Mauritius, rapidly emerging as the world’s preferred sourcing destination for value-added products under the brand identity ‘Mauritius: Made With Care,’ is positioned as the emerging hub of design, style and quality for global textile and fashion brands. Mauritius also works closely and directly with its foreign buyers to meet expected international standards, while respecting international laws relevant to those export markets.

The Mauritian textile, apparel and accessories industry, the powerhouse behind the positive transformation of the Mauritian economy over the past 40 years, exports high quality raw materials and finished products around the world. Backed by aggressive growth strategies and skills development, competitive pricing and the fact that Mauritian products meet international standards for quality and production, Mauritian manufacturers are becoming the preferred providers of top quality textiles, apparel and accessories.  As the textile hub of excellence in Southern and Eastern Africa, Mauritius supplies textiles and apparel to major name brands such as Calvin Klein, Adidas, Woolworths, Tommy Hilfiger, Puma, Harrods, River Island and Levi’s.

Traditionally, buyers in the US and Europe have accounted for the bulk of Mauritian textile exports, but South African exports have increased to around 24% of total Mauritian textile exports in recent years. The main exports from Mauritius to South Africa include textiles, apparel and accessories, food and other manufactured goods such as leather, footwear and wood products. Currently, Mauritius ranks 61st in the list of supplying countries for goods imported by South Africa.

Mauritius currently enjoys strong trade relations with a number of leading large wholesale and retail groups in South Africa, and the trade mission aims to strengthen these relationships while also seeking new buyers in different categories such as boutique outlets.

The delegation of 40 Mauritian manufacturers will visit Durban from 14 – 15 March, and Johannesburg between 17 – 18 March for a series of buyers and sellers meetings to be facilitated by trade agency Enterprise Mauritius. Enterprise Mauritius CEO Arvind Radhakrishna says: “The trade mission will build on our existing strong relations with South African importers and partners. The timing of the mission is particularly opportune in light of the depreciation of the South African rand, since Mauritian manufacturers enjoy a zero rate of duty when entering the South African market.”

Radhakrishna adds: “It should be noted that Mauritius is a vertically integrated sourcing destination for the textiles, apparel and accessories industry, presenting opportunities for partnership and sourcing at every stage of the textile development process – from design, to raw materials, through to final product.” Mauritius is also a competitive supplier into the corporate clothing, promotional items and sporting uniform markets internationally, and this is a sector that the Mauritian delegation is particularly interested to explore in South Africa,” he says.

The delegation comprises companies across textiles and clothing, jewellery, and agricultural products. In addition to its globally recognised apparel and accessories industry, its jewellery sector is enjoying a high level of export growth, primarily into European markets, and has become an important economic pillar for the country.  The sector employs over 2,000 people and includes around 30 companies producing fine jewellery for export. Their activities include diamond cutting, polishing and processing, the manufacture of gold and silver jewellery, and precious or semi-precious stones.

In the agro sector, the companies participating in the mission are manufacturers of unique products including herbal teas, Ayurvedic food supplements and cosmetics; Murunga Herbal Products and frozen snacks.

Enterprise Mauritius is the apex Trade Promotion Organisation of the Republic of Mauritius. For more information on Enterprise Mauritius and the Textile & Garments and Jewellery sectors, please visit: http://sourcemauritius.com/

Interested importers, buyers and retailers interested in meeting with Mauritian trade delegates in Johannesburg or Durban, can contact Sue Bowden at Tel: (011) 728 5878 or email: sue@africainfo.co.za

INDUSTRY SECTOR FACT SHEET:

SECTORS TO BE REPRESENTED IN THE MAURITIAN TRADE MISSION TO SOUTH AFRICA

TEXTILES & GARMENTS/ APPAREL AND ACCESSORIES

Mauritius is the textile hub of excellence in South Eastern Africa, delivering design, raw materials and manufacturing for global brands, predominantly in North and South America and Europe. Mauritian manufacturers supply major brand names such as Topshop, Topman, River Island, Levi’s, Le Chateau, Foschinis, Burton UK, Devred, Guess, Hackett, Massimo Dutti, Naf Naf, Orvis, Peeble Beach, Puma, Calvin Klein, Woolworths, Ecko, Abercrombie & Fitch, Tommy Hilfiger, Victoria’s Secret, Zara, Mango, Harrods, Banana Republic, Express, S.Oliver, Esprit, Jasper Conrad, Tex-Gold, La Redoute, 3 Suisses, and L.L. Bean.

As a vertically integrated sourcing destination for the textile industry, Mauritius presents opportunities for partnership and sourcing at every stage of the textile development process – from design, to raw materials, through to final product.

Delegates participating in the trade mission to South Africa will include manufacturers of:

  • Men’s Ladies and Children’s wear: T-shirts, woven men’s shirts, woven ladies blouses, dresses, heavy knits, fine knits, jerseys, sweaters, overcoats, jackets, suits, jeans, chinos, Bermuda shorts, joggers, uniforms, lingerie, nightwear, knitted and woven new-born and kids wear ready-made garments
  • Textile Apparel & Accessories: Caps, dog harnesses, security lanyards, bags, hats, ties.
  • Leather accessories: dog collars, chain tags, fashionable aprons, fashionable belts, leather protective waist belts, gloves (Micro Fibre Materials)

FOOTWEAR

The Mauritian footwear sector is actively expanding its international exports in line with a ‘redynamise’ programme supported by French consultants and Enterprise Mauritius. With a focus on middle to high-end footwear and specialised footwear, Mauritian footwear manufacturers have a strong focus on design, innovation and quality.

Delegates participating in the trade mission to South Africa will include manufacturers of office shoes, safety shoes and boots, PVC boots and personal protective equipment.

JEWELLERY

The thriving Mauritian jewellery sector now includes a number of industrial set ups where exports constitute around 90% of their total activity. The sector employs around 2,000 people spread in some 574 registered jewellers. More than 30 companies are involved in export activities, mainly, in diamond cutting, polishing and processing, manufacture of gold and silver jewellery, precious or semi precious stones, rings studded with diamonds, earrings, brooches, bangles, necklaces, chains, hollow chains, mechanical chains, pendants, anklets, swivels, clasps and spring rings.

Delegates participating in the trade mission to South Africa will include manufacturers of gold and silver jewellery, earrings, necklaces, rings, bracelets; costume jewellery and glass beads.

AGRICULTURAL PRODUCTS

Mauritius boasts a fully diversified Agro Processing and Agri-Business sector, with strong growth in areas such as flowers, foliage, fresh fruits and vegetables, processed foods and specialty foods in addition to its globally recognised sugar products.

Delegates participating in the trade mission to South Africa will include manufacturers of herbal teas, Ayurvedic Food Supplements and Ayurvedic Cosmetics; Murunga Herbal Products; Frozen Snacks.

Ends#

Issued by ITP Communications (Pty) Ltd on behalf of Enterprise Mauritius

Woolworths Holdings announces results for 26 weeks to 27 December 2015

Woolworths Holdings Ltd (WHL) today announced results for the 26 weeks to 27 December 2015.

Revenue increased by 17.1% to R35.5 billion (up 12.3% excluding David Jones) and pre-tax profit grew by 16.5% to R3.4 billion. Headline earnings per share grew by 30.6% to 251.7cps. The directors have declared an interim cash dividend of 133.0 cents per share, which is an increase of 37.8% on the same period last year.

Clothing and General Merchandise had a much improved half, with sales growing 12.5% in South Africa and Clothing sales up 11.7%. Operating profit increased by 14.6%. These results are driven by a good performance from core womenswear and menswear categories and a strong improvement from kidswear.

The Food division once again delivered a strong performance, with sales up 12.1% and operating profit up by 17.6%.  The supermarket strategy is proving successful and Christmas sales were strong.

David Jones had a strong first half performance with improved merchandising and the expansion of the Group’s private label brands across the chain. Sales (including concession sales) grew by 11.2% on a 26-week basis, well ahead of both the Australian department store and specialty clothing market. Sales in comparable stores grew by 9.7%. Despite the inclusion this year of the clearance month of July, significant once-off costs associated with the launch of private label and other transformation projects, the contribution to profit across the Group from David Jones increased by 19%.

Country Road Group sales in Australasia grew by 13.4% and by 0.1% in comparable stores, despite a disappointing performance by Country Road womenswear. Operating profit increased by 5.2%, which includes the additional profit from the successful launch of Country Road Group brands into David Jones.

The Woolworths Financial Services debtors’ book grew by 7.8%, with an annualised impairment rate for the six months ended 31 December 2015 at 4.8% (six months ended 31 December 2014: 4.8%).

Commenting on the results, WHL Chief Executive Ian Moir said:

“We are pleased with this set of results. Despite the tough trading conditions, our businesses continue to perform well ahead of the market. There has been a strong turnaround in the South African Clothing business following corrective management action, and the transformation of David Jones continues to deliver the results we expected. Through our positioning as a leading Southern Hemisphere retailer, we are able to leverage our scale and global sourcing strategy to deliver quality products at competitive prices for our customers.”

Outlook

Economic conditions are expected to become tougher, particularly in South Africa where interest rates are also likely to increase. Australian consumer confidence remains muted, with the local economy impacted by the slowdown in China.

Trading for the first six weeks in the second half of the financial year has however remained robust.

Press Release from My Newsroom

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Did you know……..

An item of clothing is considered vintage if it dates back from 1920 to 1960. Anything after this date is considered retro.

The skirt is the second oldest women’s garment in history..

Before 1850 clothes were hand stitched by those that wore them. Clothes were not made for fashion, but rather for commodity

Did you know……

.
Before 1850 The skirt is the second oldest women’s garment in history.

Clothes were hand stitched by those that wore them. Clothes were not made for fashion, but rather for commodity.

In the 1500’s fashion designers showed off their designs by making doll size clothing versions of their own fashions

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Editorial Submission:

Please remember to send me your news so that we can share it with all our readers in the weekly newsletter.

Although editorial is neither guaranteed nor implied, suitable editorial for consideration may be submitted to:

Carla Finlay

carla@newsbriefs.co.za

0724055930