• Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

  • #Budget2016

    Possible steps that can be taken in the National Budget to avert a junk status.

  • No ordinary SONA

    A weak president presiding over a racially polarised nation faces a serious task.

All data is delayed
See More

Investment wines on sale again

Apr 11 2011 12:28
Hennie Duvenhage
Cape Town - On Monday the Kanonkop Wine Estate will, for the third successive year, present its Kanonkop Black Label Pinotage to the market in Johannesburg with a view to boosting the country’s secondary wine market.

The creation of this secondary wine market in South Africa is a replication of the secondary French wine market. It is used by investors to purchase, store and then sell the wine later, hopefully at a profit.

In 2009 Kanonkop began marketing its very rare Black Label Pinotage 2006 with an eye to the secondary market, and this year only 1 200 bottles of Black Label Pinotage 2008 are available at R1 100 a bottle.

Investors can get the wines from only three dealers: The Wine Society, Cybercellar and The Wine Cellar.

Investors have to attend to the storage of the wine, which has a life of about 20 years, themselves.

The Black Label Pinotage series of wines is rare because it is produced from the grapes of a 58-year-old vineyard with a limited yield, explained Kanonkop co-owner Johann Krige.

By placing a limited quantity of outstanding wines on the market, the South African wine industry can create a secondary market with demand exceeding supply, he said. This could lead to dynamic selling and reselling of prestigious wines and the creation of interesting investment portfolios

The 2006 wine series introduced in 2009 at R1 000 a bottle has already produced returns of up to 150% of the original price. Every bottle is individually numbered and a holographic label is attached to guarantee its authenticity.

When the first Black Label Pinotage wines were released the total offering was snapped up within hours.

- Sake24

For business news in Afrikaans, go to Sake24.com.
wine  |  investments



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The regulation of WhatsApp and other OTTs is:

Previous results · Suggest a vote