Hopeful forecast for South African footwear
The production of footwear in South Africa is expected to reach 120 million pairs by 2020, according to the country’s Department of Trade and Industry (dti). The Department has based its premise on recent positive output figures and developments and, states Jay Irkhede, director of the dti’s leather and footwear section, 20 million pairs of these are likely to be exported.
The dti is hopeful that South African companies will make leather products worth £452.3 million ($696.6 million) by 2020, of which £282.8 million ($435.5 million) will be destined for export. The department forecasts that a total of 65 million pairs of shoes and boots will be manufactured in 2015 – an increase from the 59.9 million pairs made last year.
This article was originally published on page 6 of the October 2015 issue of SATRA Bulletin.