South African Footwear Industry 2022: Sustainability Concerns and Government Production Incentive Programme to Fund Manufacturing Infrastructure

2022-04-24 07:27:59 By : Ms. Sonia Fan

DUBLIN , April 19, 2022 /PRNewswire/ -- The "Footwear Industry in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.

South Africa's footwear industry manufactures safety and protective footwear, gumboots, formal and casual footwear, school shoes, slippers, sandals, ballet shoes and children's shoes. There are 15 large factories producing more than half of local production.

The number of shoes produced locally and the number of smaller factories has declined, but the value of footwear sales has increased incrementally over the past decade, apart from 2020, reflecting price increases and higher sales of imported footwear.

There are concerns about the ongoing sustainability of the industry, mainly due to low productivity levels and increasing labour costs. Initiatives to grow the industry include a clothing, textile, footwear, and leather masterplan and government's production incentive programme to fund manufacturing infrastructure.

Sales of sneakers have been increasing. Sportswear brands continue to hold strong positions in footwear in South Africa , including global brands such as Nike and Adidas and local brands such as Bathu and Drip. Demand for vegan footwear, which is manufactured using environment-friendly materials and alternatives to leather, is increasing, driven by rising awareness of animal rights, concerns about plastic waste, increasing demand for sustainable products, and a growing number of vegans. A subsector which has remained robust is safety footwear, where demand has been consistently high. Sales and production of locally-made safety footwear, both gumboots and leather, has increased.

This report focuses on the manufacture, wholesale, and retail of footwear in South Africa and includes information on the state and size of the sector, plans to grow the sector, regulation, developments, notable players and factors that influence the industry.

There are profiles of 57 companies including manufacturers and wholesalers such as Bolton Footwear, retailers including One Step Ahead, Mr Price and Mr Tekkie, and local brands such as Corrida (Tsonga), Bathu Swag and Veldskoen Shoes.

Key Topics Covered: 1. INTRODUCTION 2. DESCRIPTION OF THE INDUSTRY 2.1. Industry Value Chain 2.2. Geographic Position 2.3. Size of the Industry 2.4. Key Success Factors and Pain Points 3. LOCAL 3.1. Key Trends 3.2. Notable Players 3.3. Trade 3.4. Corporate Actions 3.5. Regulations 3.6. Enterprise Development and Social Economic Development 4. AFRICA 5. INTERNATIONAL 6. INFLUENCING FACTORS 6.1. COVID -19 6.2. Economic Environment 6.3. Labour 6.4. Environmental Issues 6.5. Technology, Research and Development (R&D) and Innovation 6.6. Government Support 6.7. Input Costs 6.8. Illegal Imports, Customs and Counterfeit Concerns 7. COMPETITIVE ENVIRONMENT 7.1. Competition 7.2. Ownership Structure of the Industry 7.3. Barriers to Entry 8. SWOT ANALYSIS 9. OUTLOOK 10. INDUSTRY ASSOCIATIONS Companies Mentioned

Adidas (South Africa ) (Pty) Ltd

Asmall and Sons (Pty) Ltd

Bata South Africa (Pty) Ltd

BBF Safety Group (Pty) Ltd

Blue Falcon 188 Trading (Pty) Ltd

Cape Union Mart International (Pty) Ltd

Charnaud and Company (Pty) Ltd

City Express Stores (Pty) Ltd

Dick Whittington Shoes (Pty) Ltd

Fashion United SA (Pty) Ltd

Fast Fox Footwear (Pty) Ltd

Foschini Retail Group (Pty) Ltd

Frame Leisure Trading (Pty) Ltd

Hi-Tec Sports Distributors (Pty) Ltd

Jade E-Services South Africa (Pty) Ltd

Judy's Pride Fashions (Pty) Ltd

L A Group (Pty) Ltd

Nike South Africa (Pty) Ltd

Onshelf Investment Seventy Three (Pty) Ltd

Palm Footwear Manufacturers (Pty) Ltd

Pick n Pay Retailers (Pty) Ltd

Puma Sports Distributors (Pty) Ltd

Shezi Industrial Holdings (Pty) Ltd

Smiley's Footwear (Pty) Ltd

Wild Alice Collection (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/wa2we3

About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

View original content:https://www.prnewswire.com/news-releases/south-african-footwear-industry-2022-sustainability-concerns-and-government-production-incentive-programme-to-fund-manufacturing-infrastructure-301527800.html

When the pandemic drove widespread restaurant closures and millions of employees lost their careers or took up other work, many found that they didn't want to return, celebrity chef Wolfgang Puck said.

Natural gas markets initially tried to rally during the course of the week but then broke down significantly to reach near the $6.60 level. At this point, the market looks as if it is ready to make a bigger decision.

Experts say China's lockdowns will lead to a supply chain crunch on the west coast of the U.S. in the coming weeks, adding to four-decade high inflation.

Although it is unfortunate that you do not have access to an employer-sponsored retirement plan, you’re far from alone. You mention having individual retirement accounts, but you could look into opening a Roth IRA, which is funded with after-tax dollars. “I would start there,” said Chris Hardy, a certified financial planner at Paramount Investment Advisors.

If you owned a $1,000 stake in Berkshire Hathaway when Warren Buffett assumed control of the company back in May of 1965, that position would be worth more than $27.5 million today. The investment conglomerate now has a market capitalization of roughly $771 billion and stands as the one of the world's largest companies, and The Oracle of Omaha's ability to identify promising businesses worth holding long term has played a big role in getting there. While Berkshire's massive market cap suggests its most explosive days of growth are likely in the past, an incredible performance and top-tier management and analyst teams suggest it can still pay to look to the company for investing inspiration.

(Bloomberg) -- The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope early Saturday. Most Read from BloombergUkraine Latest: Zelenskiy Sees More Arms, Prepares Blinken VisitUkraine Latest: UN Chief to Meet Zelenskiy, Putin Next WeekI Modeled For Abercrombie. Netflix’s ‘White Hot’ Doc Is AccurateDisney’s $578 Million Tax Break Left Untouched in DeSantis FeudSwitchblade Drone

When you're shopping on a budget, there are certain stores you know you can count on. Walmart stores and Dollar Generals are two of these hubs, known for their unbeatable bargains and daily deals. But these two companies have recently come under fire for something they've done to customers, which may make you wary about heading in to shop. Read on to learn more about why Walmart and Dollar General are now facing backlash—and why you'll want to hold on to your receipts if you do shop at either ch

(Bloomberg) -- Netflix’s “White Hot” documentary chronicling the heady days of Abercrombie & Fitch’s popular and exclusionary marketing strategy of tying oiled abs, gyrating bodies and white-picket fence Americana to brand identity is an accurate portrayal. I should know: I was one of the shirtless models who greeted visitors to its stores.Most Read from BloombergUkraine Latest: UN Chief to Meet Zelenskiy, Putin Next WeekUkraine Latest: Naftogaz CEO Sounds a Warning on Gas TransitFlorida’s DeSan

(Bloomberg) -- China is heading for the largest oil demand shock since the early days of the pandemic as the nation’s efforts to tame a rapidly spreading virus hobbles vast swathes of the economy.Most Read from BloombergThe Second Wave of the Russian Oil Shock Is StartingKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineUkraine Latest: U.S. Says It Has Slowed Tech Goods to RussiaU.S. Blasts China’s Support for Russia, Vows to Help IndiaPutin Calls Off Storm of Mariupol With Ukr

Investors are unhappy with the bank’s increased spending and its reduced stock buybacks. That just means you can buy a powerful banking franchise on the cheap.

(Bloomberg) -- Oil dropped for the third week out of the last four with China facing a large consumption hit and the Federal Reserve signaling that it will aggressively tighten monetary policy to curb inflation. Most Read from BloombergUkraine Latest: Zelenskiy Sees More Arms, Prepares Blinken VisitUkraine Latest: UN Chief to Meet Zelenskiy, Putin Next WeekI Modeled For Abercrombie. Netflix’s ‘White Hot’ Doc Is AccurateDisney’s $578 Million Tax Break Left Untouched in DeSantis FeudSwitchblade Dr

With the stock down by more than 75% over the past six months, this fintech looks like an excellent buy-and-hold investment.

Microsoft Corp. is seeking office space in West Midtown, sources with knowledge of the market tell Atlanta Business Chronicle.

Washington Sen. Patty Murray (D) sent letters to the dollar-store giants asking that they turn over documents related to pay and working conditions.

Many experienced job seekers are having a tough time getting hired. Here's why.

High oil prices are fueling demand for oilfield services. HAL stock, SLB and BKR are among the oil stocks rallying as a result.

A new study finds that a hybrid setup with two days in the office is the optimal workweek. 

Decisions about when and where we retire are some of the biggest we'll make in our careers. Here's what to know as you're approaching it.

SpaceX has brought internet everywhere from rural America to Ukraine and now it's reaching a new frontier.

Most of us have to work to afford our living expenses and save for the future. Many workers are fed up with high expectations, low pay, and minimal benefits. For that reason, some workers are leaving their jobs or are taking steps to find and secure better roles with different employers.