TEXTILES NEWS ON FASTMOVING

Port Louis - Mauritius' economy will expand by 3.7 percent this year, slightly below potential due to subdued demand from its main markets and modest private investment, and will accelerate to 4.4 percent in 2014, the International Monetary Fund said.  read more

H&M, the world's second-largest global clothing retailer, made the list of all its supplier-factories public. The list including the factories of Bangladesh, aims to contribute to building a more transparent and, ultimately, a more sustainable 'fashion industry'. read more

Johannesburg - A controversial bargaining council wage agreement in the clothing industry has been extended, the clothing trade union Sactwu said on Sunday. read more

Johannesburg - The Industrial Policy Action Plan (IPAP) 2013/2014, aimed at creating economic growth, was unveiled in Pretoria on Thursday. read more

Durban - Newcastle Chinese and Taiwanese clothing factories have won a high court application for exemption from a bargaining council wages agreement, it was reported on Thursday. read more

Johannesburg - The Producer Price Index (PPI) for final manufactured goods increased annually by 5.8% in January 2013, Statistics SA said on Tuesday.  read more

Domestic manufacturing has received another boost with the Department of Trade and Industry (dti) yesterday announcing further designations for local production with minimum local content thresholds in terms of the public sector preferential procurement programme. read more

The year 2012 started off on a negative note with exports in January and February declining by 4 and 9 per cent respectively, compared to the corresponding months in 2011. However, exports have since picked up and as at November 2012, exports of Export Oriented Enterprises (EOEs) recorded a growth compared to January to November 2011. read more

Johannesburg – Growth in SA’s retail trade sales at constant prices was weaker than expected in September‚ with sales increasing by 4.3% year on year (y/y) after an upwardly revised 6.7% (6.4%) increase in August‚ figures released on Wednesday by Statistics SA showed.  read more

New appointments at Ackermans read more

South African clothing workers have become more productive over the last few years, yet each year, they earn comparatively less per garment they produce, the Southern African Clothing & Textile Workers' Union (Sactwu) said on Monday.  read more

India's farm ministry wants a ban on cotton exports to be revoked as the curbs will hurt farmers in the world’s second-biggest producer, minister Sharad Pawar said. Futures surged for a second day to the highest level in more than two weeks.  read more

SA’s largest diversified credit retailer, TFG (The Foschini Group), has bought its longstanding clothing manufacturing supplier, Prestige Clothing, to improve its competitive advantage in a move that has sent positive ripples through the local clothing sector. read more

Cape Town – About R92m of clothing workers' retirement money that was lent to the liquidated Canyon Springs company is apparently irrecoverable.  read more

Johannesburg - Clothing, footwear and textiles retailer Edcon on Tuesday announced the appointment of Mark Richard Bower as deputy chief executive and chief financial officer (CFO) following the resignation of Stephen Robert Binnie. read more

The 2.6% year-on-year (y/y) increase in November was better than the upwardly revised October rise of 1.2% (previously 1.0%, but still down significantly on the 8.2% y/y jump in September. One of the reasons for the high September was due to base effects as September 2010 was impacted by industrial action in the motor division. read more

The Western Cape’s beleaguered textile and clothing industry has been given a lifeline by the government’s new procurement policy and the promise of thousands of jobs over the next two years. read more

Last year the industry shed just more than 10000 jobs, compared with the 14516 jobs lost in 2009 read more

Cape Town - The clothing industry will have to innovate and raise productivity to survive the rocky world economy, Trade and Industry Minister Rob Davies said on Tuesday. read more

Johannesburg - There has been a significant slowdown in retrenchments in the clothing and textile industry, a trade union report showed.  read more

Johannesburg - Retailer Truworths International [JSE:TRU] on Thursday said group retail sales for the first 19 weeks - from June 27 until November 6 2011 of the 2012 financial period - rose by 9.3% to R 3.0bn, relative to the corresponding period in the 2011 financial period. read more

Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power. read more