Related Articles
Top Stories
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Feb 13 2012 07:41
A reader gets advice on quick returns on a lump sum.
Feb 12 2012 15:59
Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.
Cape Town - In the year to end-October South Africans have scaled down their wine and brandy consumption, but in export markets more South African wine has flowed from bottles than in the previous corresponding period.
A statement issued by Yvette van der Merwe, managing executive of SA Wine Industry Information & Systems (Sawis), reported that domestic sales of natural wine fell 5.7% over the 12 months, and those of brandy 8.8%. Bulk wine exports were 20% down.
Exports of packaged wine, however, increased 9.4% during the period.
The combination of the economic downturn, which caused a drop in sales, and the 2010 Fifa World Cup, which should boost sales, is expected to result in domestic sales of wine and brandy remaining more or less stable in 2010, the statement continued.
Van der Merwe said there are various factors affecting wine exports, and it is therefore impossible to make any forecasts. These factors included the strong exchange rate, the economic chaos in South Africa's principal export markets, the non-profitability of South African wines in core markets such as Britain, and the availability of the product.
- Sake24.com
For more business news in Afrikaans, visit Sake24.com.