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Latest features Forthcoming features Subscriptions Job classifieds Tweet April 2012 Issue 96 Subscribe to News Trader Short news The growth in unsecured loans has not sparked a bubble and banks are managing their exposure prudently, the SA Reserve Bank this week said in their Financial Stability Review. According to the bank unsecured loans accounted for just 8% of the credit extended by the major banks, even though unsecured loans grew by 11.3% year-on-year among six selected banks. Furthermore, the Reserve Bank's monthly economic sentiment indicator showed a continued higher trend in February – 134.4 points compared to 132.9 points in January for the leading business cycle indicator. It has been gradually picking up since September last year. Optimum Golf, SA distributor of brands like Adam’s Golf, Hi-Tec golf, Firethorn and Yes! Putters, has changed its name to Worldsview Sports. They will in future also be distributing brands in sporting fields like running and cycling – e.g. Felt, Endura and Reynolds. Banyana Banyana has been drawn in Group F of the ladies soccer at the 2012 Olympic Games in London, where they’ll face reigning world champions Japan, 5th ranked Sweden and Canada (# 9th). The South African women’s team is ranked 65th. Cape Town will host the first ever World University Netball Championships (WUNC) at the Good Hope Centre from July 2-7, 2012. Twelve countries will take part in the tournament, to be held under the auspices of the International University Sports Federation (FISU).The final 12 out of the 163 FISU affiliated teams will be decided by the International Federation of Netball Associations, IFNA. Gilbert supplies the official ball for all IFNA matches. Coaches and teams from the 12 participating countries would also conduct coaching clinics in and around Cape Town to help develop grassroots netball. Trade shows Only three months until the OutDoor 2012 opens its doors in Friedrichshafen from 12-15 July. So far 800 exhibitors have signed up for the show. According to the latest EOG market survey every fourth euro spent on outdoor products is invested in outdoor/trekking shoes. An entire hall (Hall 6) would be dedicated to footwear as well as full-line suppliers showcasing their range of shoes in other halls. Click here for upcoming trade shows and events SASCOC discussed sponsorship with one company So far we’ve found only one major clothing brand operating in SA that had been discussing sponsorship of the SA Olympic Team with SASCOC before they signed a 7-year (2011-2017) R31.5m ($4-m) deal with Chinese brand Erke. “Nike had met with SASCOC to discuss the opportunity to partner with SASCOC as a technical sponsor. SASCOC received a better sponsorship deal,” says Nike SA PR Seruscka Naidoo. SASCOC CEO Tubby Reddy had told the media that they had no option but to sign an agreement with Erke because they could not find a SA-based clothing sponsor to “come to the party”. Read more Roy Eckstein death a tragic loss The tragic death of Roy Eckstein - former Puma distributor, Reebok SA owner and prominent sport shoe manufacturer - in a scooter accident in Cape Town yesterday, 25 April, came as a shock to the many people in the industry who knew him well. “Mr E, you were a great businessman, mentor and a friend. Your legacy lives on in the impact you made in the lives of those who worked with you. Our condolences to Kim, Steve, Ruth, Sivana, and Kiara,” Bruce Joubert and the Reebok and Springfield teams said in a statement. Read more Mr Price Sport opens another store Mr Price Sport today opened their 49th store in the former premises of the Mr Price Home store in Tyger Valley (between Virgin Active and Sportsmans Warehouse). The 1 200 square meter store is larger than the other new format, more upmarket, stores they recently opened – Blue Route in Cape Town (850m2), Sandton (900m2) and Gateway (1100m2) – but it is “nice to have the space to display the goods to full advantage,” says planning director Mark Hills. “When Mr Price Home moved to the new extension of the Tyger Valley Shopping Centre, this space became available.” Read more adidas concept store at the Blue Route Mall Adidas opened a concept store at the Blue Route Mall on Saturday 7th of April where Stormers players Demetri Catrakilis, Berton Klaasen, Danie Poolman, Marcel Brache and Nic Groom, were on hand to sign autographs for the rugby fans. “We opened for trade on Thursday, 29 March 2012 and we were visited by our brand ambassadors Graeme Smith and Mark Boucher on Saturday, 31 March 2012. The Proteas players signed autographs and took pictures with their fans,” says Zobuzwe Ngobese, PR manager at adidas South Africa. The 204 m2 store will provide a mix of sports performance and adidas originals apparel and footwear for men, women and kids. Jordan & Co Asics distributor of Year Jordan & Co, SA distributor of Asics, was the winner of the Asics Distributor of the Year award for 2011. Asics international awarded them because their sales grew 51% in 2011 compared to 2010; because they exceeded their target by 30%; achieved a good spread over different categories, which is expanding; sold across all price points in the ranges and is a “clear running leader in their market”. Cape Union Mart and Kingsley Holgate against malaria SA adventurer Kingsley Holgate yesterday celebrated World Malaria Day (25 April) by hosting an anti-malaria awareness campfire event on the Table Mountain Hoerikwagga trail. The event was organized by Cape Union Mart, a sponsor of Holgate’s year-long Great African Rift Valley (GARV) expedition that started in October last year. Read more Nike gives young footballers “The Chance” Nike SA has launched ‘The Chance’ SA Trials 2012 at the Nike Football Training Centre in Soweto, with legendary coach Johan Neeskens and football pro Benni McCarthy as the official local scouts. Starting in June, more than 5 000 young footballers in five major cities will compete to be chosen as the top three players to represent SA in the global event in Barcelona in August. Read more SA cricketers sports latest Puma cricket spikes South African cricketers AB de Villiers, Rilee Roussouw, Faf du Plessis, Herschelle Gibs, Albie and Morne Morkel and JP Duminy are sporting Puma’s latest cricket spike, the Pulse Convertible Spike, at the IPL tournament in India. This top of the line cricket spike allows the flexibility of interchangeable steel and TPU (Thermal Plastic Unit) spikes to allow the user the flexibility and freedom in their outsole set-up. The Pulse Convertible cricket spike is available at Poobie Naidoo, Bradman’s Cricket and other selected Puma retail stores. Columbia to measure carbon footprint Columbia Sportswear has committed to measuring energy and water consumption, along with waste produced at the approximately 200 global facilities that they own or lease in 26 countries. Data captured in 2010 will be compared to data from 2011, as it becomes available. “We expect consistent collection of our global energy, water and waste data to provide insight into areas of greatest environmental and financial impact, enabling us to focus our efforts, set targets for future reduction, and regularly measure our progress,” says chief financial officer Tom Cusick. Previous issues of News Trader

April 2012 Issue 96

Short news

The growth in unsecured loans has not sparked a bubble and banks are managing their exposure prudently, the SA Reserve Bank this week said in their Financial Stability Review. According to the bank unsecured loans accounted for just 8% of the credit extended by the major banks, even though unsecured loans grew by 11.3% year-on-year among six selected banks. Furthermore, the Reserve Bank's monthly economic sentiment indicator showed a continued higher trend in February – 134.4 points compared to 132.9 points in January for the leading business cycle indicator. It has been gradually picking up since September last year.

Optimum Golf, SA distributor of brands like Adam’s Golf, Hi-Tec golf, Firethorn and Yes! Putters, has changed its name to Worldsview Sports. They will in future also be distributing brands in sporting fields like running and cycling – e.g. Felt, Endura and Reynolds.

Banyana Banyana has been drawn in Group F of the ladies soccer at the 2012 Olympic Games in London, where they’ll face reigning world champions Japan, 5th ranked Sweden and Canada (# 9th). The South African women’s team is ranked 65th.

Cape Town will host the first ever World University Netball Championships (WUNC) at the Good Hope Centre from July 2-7, 2012. Twelve countries will take part in the tournament, to be held under the auspices of the International University Sports Federation (FISU).The final 12 out of the 163 FISU affiliated teams will be decided by the International Federation of Netball Associations, IFNA. Gilbert supplies the official ball for all IFNA matches. Coaches and teams from the 12 participating countries would also conduct coaching clinics in and around Cape Town to help develop grassroots netball.

Trade shows

Only three months until the OutDoor 2012 opens its doors in Friedrichshafen from 12-15 July. So far 800 exhibitors have signed up for the show. According to the latest EOG market survey every fourth euro spent on outdoor products is invested in outdoor/trekking shoes. An entire hall (Hall 6) would be dedicated to footwear as well as full-line suppliers showcasing their range of shoes in other halls.

Click here for upcoming trade shows and events

SASCOC discussed sponsorship with one company

So far we’ve found only one major clothing brand operating in SA that had been discussing sponsorship of the SA Olympic Team with SASCOC before they signed a 7-year (2011-2017) R31.5m ($4-m) deal with Chinese brand Erke. “Nike had met with SASCOC to discuss the opportunity to partner with SASCOC as a technical sponsor. SASCOC received a better sponsorship deal,” says Nike SA PR Seruscka Naidoo. SASCOC CEO Tubby Reddy had told the media that they had no option but to sign an agreement with Erke because they could not find a SA-based clothing sponsor to “come to the party”.

Roy Eckstein death a tragic loss

The tragic death of Roy Eckstein - former Puma distributor, Reebok SA owner and prominent sport shoe manufacturer - in a scooter accident in Cape Town yesterday, 25 April, came as a shock to the many people in the industry who knew him well. “Mr E, you were a great businessman, mentor and a friend. Your legacy lives on in the impact you made in the lives of those who worked with you. Our condolences to Kim, Steve, Ruth, Sivana, and Kiara,” Bruce Joubert and the Reebok and Springfield teams said in a statement.

Mr Price Sport opens another store

Mr Price Sport today opened their 49th store in the former premises of the Mr Price Home store in Tyger Valley (between Virgin Active and Sportsmans Warehouse). The 1 200 square meter store is larger than the other new format, more upmarket, stores they recently opened – Blue Route in Cape Town (850m2), Sandton (900m2) and Gateway (1100m2) – but it is “nice to have the space to display the goods to full advantage,” says planning director Mark Hills. “When Mr Price Home moved to the new extension of the Tyger Valley Shopping Centre, this space became available.”

adidas concept store at the Blue Route Mall

Adidas opened a concept store at the Blue Route Mall on Saturday 7th of April where Stormers players Demetri Catrakilis, Berton Klaasen, Danie Poolman, Marcel Brache and Nic Groom, were on hand to sign autographs for the rugby fans. “We opened for trade on Thursday, 29 March 2012 and we were visited by our brand ambassadors Graeme Smith and Mark Boucher on Saturday, 31 March 2012. The Proteas players signed autographs and took pictures with their fans,” says Zobuzwe Ngobese, PR manager at adidas South Africa. The 204 m2 store will provide a mix of sports performance and adidas originals apparel and footwear for men, women and kids.

Jordan & Co Asics distributor of Year

Jordan & Co, SA distributor of Asics, was the winner of the Asics Distributor of the Year award for 2011. Asics international awarded them because their sales grew 51% in 2011 compared to 2010; because they exceeded their target by 30%; achieved a good spread over different categories, which is expanding; sold across all price points in the ranges and is a “clear running leader in their market”.

Cape Union Mart and Kingsley Holgate against malaria

SA adventurer Kingsley Holgate yesterday celebrated World Malaria Day (25 April) by hosting an anti-malaria awareness campfire event on the Table Mountain Hoerikwagga trail. The event was organized by Cape Union Mart, a sponsor of Holgate’s year-long Great African Rift Valley (GARV) expedition that started in October last year.

Nike gives young footballers “The Chance”

Nike SA has launched ‘The Chance’ SA Trials 2012 at the Nike Football Training Centre in Soweto, with legendary coach Johan Neeskens and football pro Benni McCarthy as the official local scouts. Starting in June, more than 5 000 young footballers in five major cities will compete to be chosen as the top three players to represent SA in the global event in Barcelona in August.

SA cricketers sports latest Puma cricket spikes

South African cricketers AB de Villiers, Rilee Roussouw, Faf du Plessis, Herschelle Gibs, Albie and Morne Morkel and JP Duminy are sporting Puma’s latest cricket spike, the Pulse Convertible Spike, at the IPL tournament in India. This top of the line cricket spike allows the flexibility of interchangeable steel and TPU (Thermal Plastic Unit) spikes to allow the user the flexibility and freedom in their outsole set-up. The Pulse Convertible cricket spike is available at Poobie Naidoo, Bradman’s Cricket and other selected Puma retail stores.

Columbia to measure carbon footprint

Columbia Sportswear has committed to measuring energy and water consumption, along with waste produced at the approximately 200 global facilities that they own or lease in 26 countries. Data captured in 2010 will be compared to data from 2011, as it becomes available. “We expect consistent collection of our global energy, water and waste data to provide insight into areas of greatest environmental and financial impact, enabling us to focus our efforts, set targets for future reduction, and regularly measure our progress,” says chief financial officer Tom Cusick.

Previous issues of News Trader