Global investors are pouring money into commercial wineries in and around Cape Town, even as wine sales slow worldwide. French, German, and Norwegian consortiums are buying into one of the few wine-producing regions where vineyard prices are still climbing. Bloomberg’s Jennifer Zabasajja reports.
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14 Comments
👍🏻👍🏻👍🏻❤️🙏
AVARICE will DESTROY, nevermind the weather..or
The corrupt government will find a way to destroy it, like everything else in the country.
Please bring back Lanzerac wines.
Why would anyone want to drink this anti white racist countries wine?
What happened to the white gэnocide?
lol there's basically zero attraction there
La Motte! U guys know me well😂
SA wine's value is exactly higher than it's selling price! But just be careful for ANC those mother fuckers, when do the business!
And SA consumers are feeling the pinch with the wine prices here. With an ocean of wine out there why are prices now sky high 😡
The wine industry is in a bigger recession than any other. On top of decreasing population, we also got a cultural shift towards less wine and alcohol consumption. These buyers have a romantic idea of that, since we live in a stock market bubble it might work. But now the boomers will leave us slowly. We are in for 50 years of recession.
Yes im going to invest into wine gardens. But i own real estate loans around the world and stocks
Yeah well if they didnt chase away our boertjies it wouldnt be foreigners buying up all the land forcing out middle class peoples…
Isn't it in South Africa where they let farm owners be killed and have their farms stolen by people who does not know anything about farming at all? Why buy a farm that could cause you to get killed?
People say they don't like South African wines.