Share

Vintage 2017 could be good investment this year

Vintage 2017 wines are fast being identified as some of the finest SA has ever produced and heralded as one of the best wine investments to make this year, according to Roland Peens, director of winecellar.co.za fine wine merchants.

"The top 2017 reds are slowly hitting the market and they are very, very good," says Peens. "In fact, only time will tell if they are on par or better than the 2015 vintage which has been touted as the greatest modern-day vintage."
 
While 2017 marked the third year of the Cape drought, winemaker Abrie Beeslaar says "the ripening months saw cool nights which allowed for freshness and structure amidst the concentration of colour and flavour produced by the small berries and bunches.
 
The 2017 whites and early-release Pinot Noirs have shown a consistent brilliance and purity unlike any other Cape vintage. The Cabernet Sauvignon or Cabernet Sauvignon based wines excelled in 2017.

"The wines showed remarkably well, with superb structures and surprising balance given their youth, thanks to vibrant, assertive and ripe fruit profiles," writes Lauren Buzzeo of Wine Enthusiast, commenting on 2017 Stellenbosch Cabernet Sauvignons.

Fin24 reported earlier that the South African wine industry should put more focus on supplying higher value products both locally and internationally, according to Anton Smuts, chairperson of Vinpro. Vinpro is a non-profit company which represents 3 500 South African wine producers, cellars and industry stakeholders.

At the annual Nedbank Vinpro Information Day in Cape Town on Thursday Smuts cautioned, however, against over pricing on quality provided. In his view, this would have a negative impact on brand SA's international wine image.

Smuts said profitability is still under pressure in the wine industry, but that there is more of an understanding between producers and those operating in the value chain.

Rico Basson, managing director of Vinpro, pointed out that the SA wine industry is still one of the biggest export industries in the country.

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
19.21
-0.5%
Rand - Pound
23.95
-0.7%
Rand - Euro
20.56
-0.5%
Rand - Aus dollar
12.48
-0.7%
Rand - Yen
0.12
-0.2%
Platinum
912.40
-0.8%
Palladium
1,005.00
-2.1%
Gold
2,314.58
-0.3%
Silver
27.17
-0.5%
Brent Crude
88.42
+1.6%
Top 40
68,574
+0.8%
All Share
74,514
+0.7%
Resource 10
60,444
+1.4%
Industrial 25
104,013
+1.2%
Financial 15
15,837
-0.4%
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