South Africa will increasingly target the entire domestic market of Africa along with the US as trading conditions become ever more challenging in mature export markets such as the UK, according to the new head of Wines of South Africa (WOSA).
That said, there was evidence of some shareholder engagement at both meetings. At the Distell meeting "only" 67.6 percent of shareholders voted in support of the resolution placing 10 percent of the unissued shares under the control of the directors.
Online wine retailers and rating platforms may also be banned, Melvyn Freeman, head of non-communicable diseases for the country's Department of Health, said, according to the Johannesburg-based newspaper.
Held on Sept. 6 and 7 at the estate in Paarl, northeast of Cape Town, the auction offered 132 wines, including 72 red, 36 white and eight dessert varieties, the auctioneer said in a statement on its website today. The average price per liter climbed 92 percent to 354.64 rand ($35) from a year earlier, it said.
Tim Hamilton Russell, an advertising executive who founded the first winery in Hemel-en-Aarde Valley near Cape Town, died July 17 in Hermanus, South Africa, after a long battle with Parkinson's disease. He was 79.
Yangzhou-based Perfect China has made the Asian country's first investment in South Africa's wine industry, acquiring the Val de Vie estate in the Western Cape in a deal expected to boost exports of South African wine to the Far East.
hings just get better and better for Franschhoek in its bid to establish itself as the St. Emilion of SA wine. Not. First the wine writing fiasco then Wine Spectator declares Stellenbosch the culinary capital of the winelands and now IBETA Bulk Trading Floor™ announces a bulk wine trading exchange to be based at Allée Bleue's Le Grand Hall. IBETA, easily confused with WIETA.
Total shipments climbed 40 percent in the six months through June, the biggest first-half advance in five years, Su Birch, chief executive officer for Wines of South Africa, said by phone from Pretoria today.