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WEALTH CREATION – Wine as an alternative investment

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GUEST - Michael Fridjhon - Founder of Winex

South Africa’s wine industry is poised for a comeback, driven by rising local demand and the growing popularity of white wines like Cap Classique and Chenin Blanc in China. Exports of Cap Classique to China rose by 4% in 2023, despite a decline in overall wine exports.

Although South Africa’s wine exports to China shrank in 2023, that market remains a vital growth area for the local wine industry, with its market share steadily increasing since 2019. This year, the Chinese market is anticipated to expand further, fueled by post-pandemic recovery and growing demand for white wines – providing a significant opportunity for South African producers.
7 Oct 2024 1PM English South Africa Business News · Investing

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