Share

China's wine deal in SA

Cape town - Following on China’s recent significant investments in the French wine industry, especially in Bordeaux, they have also made their first investment in the South African wine industry.

Perfect China, the 51% shareholding partner in Perfect Wines of South Africa, has purchased the wine cellar at Val de Vie Estate in the Cape Winelands, between Paarl and Franschhoek.

The purchase also includes a 25ha wine farm with 21ha of vineyards and the historic manor house dating back to 1783.

The cellar facilities will be used by Perfect Wines of South Africa, a joint venture that was formed in 2011 between Hein Koegelenberg, of Leopard’s Leap, and Perfect China in Yangzhou.

The L’Huguenot brand was born out of this joint venture and has already been responsible for the export of 2.8 million bottles of wine to China in 2011 and 2012.

This amounts to about 25% of the total annual South African wine exports to China.

Perfect China distributes the L’Huguenot wine brand in the Far East with a direct sales team of more than a million agents and via 5 000 depots in China as well as infrastructure in Malaysia, Thailand, Hong Kong, Indonesia, Singapore, Taiwan and Vietnam.

“The Chinese wine market is very important to our industry and this first Chinese investment in the South African Winelands is a clear indication of their interest in our wines and can lead the way to a bright future for the export of SA wine to the East”, said chair of Perfect Wines of South Africa, Hein Koegelenberg (also CEO of La Motte and Leopard’s Leap Wine Estates).

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.88
+0.3%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.37
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.3%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders