WINE INDUSTRY NEWS ON FASTMOVING

Cape Town - The global wine industry is worth $230bn a year and the potential yields for the South African industry have never been as great, nor the pitfalls as plenty, according to Linda Buckley, director of executive education at UCT’s Graduate School of Business (GSB). read more

Cape Town - South Africa is mulling retaliatory measures to protect its centuries-old wine industry and counter job losses caused by a British retailers’ move to buy the product in bulk rather than in bottles, a trade official said. read more

Since the 2009 recession, grape and wine consumers have opted to buy cheaper, leaving producers in a cost-price squeeze with income failing to keep up with rises in production costs, according to a recent study by wine producers’ body Vinpro. read more