Despite a hugely challenging year for the wine industry due to the drought, CapeWine 2018 is an impressive showcase of optimism, friendliness, and proudly South Africaness, running at the Cape Town International Convention Centre until tomorrow. I attended yesterday, with my Parisian friend Aurelié Jullien, and we were both impressed with the magnitude and professionalism of the exhibition, held every three years, and attended by the local and international wine trade. Continue reading →
The devaluation of the Rand, especially since President Zuma’s Nenegate in December, is not all plain sailing, having negative effects on the wine industry too, warns Wines of South Africa CEO Siobhan Thompson. The weak Rand is expected to dominate for a year.
The positive benefit of the devaluation of the Rand in making the country’s wines more affordable in international markets, will be counteracted by the increased prices of imported corks, barrels, equipment, yeast, and closures. Increased inflation will be likely to drive up wages too, adding to cost increases.
Local wine farmers were advised to hedge their businesses against currency fluctuations, to balance wine exports and local sales, and to increase sales of premium wines.
Ms Thompson warned that the exchange rate devaluation would severly affect international marketing budgets by up to 25-30%, either leading to reduced marketing activity in overseas markets, or a substantial increase in marketing budget will be required. She warned that this could negatively affect building brand ‘South Africa‘ in international markets. She also said: ‘We need to stand true to our strategy of building value over volume. South Africa is serious about growing its image and higher price tier offerings and we need to continue doing so and not be pushed to lower FOBs and price points due to the Rand devaluing’.
Source: The Drinks Business
Chris von Ulmenstein, WhaleTales Blog: www.whalecottage.com/blog Tel 082 55 11 323 Twitter:@WhaleCottage Facebook: click here
A Western Cape trade, tourism, and investment delegation is currently visiting China, led by Premier Helen Zille and Minister of Economic Opportunities Alan Winde. Exports to China from the Western Cape were valued at R2 billion in 2013. The delegation’s goals include doubling Continue reading →
Wesgro has announced that it is focusing on Wine and Food Tourism as ‘strategic priority’ in its 2015 – 2019 implementation plan Judy Lain, Wesgro Chief Marketing Officer, has announced. Globally Food Tourism generates $150 billion estimates the World Food Travel Association. As many as 88% of destinations in the world see Food Tourism as an important differentiating factor in defining the image of brands and destinations, and assists in fighting Seasonality and in creating jobs.
At the recent General Assembly of the United Nations World Tourism Organisation it was Continue reading →
CapeWine 2015 is the most successful wine exhibition ever hosted in our country, its attendance in the Cape Town International Convention Centre having grown by 27% since 2012, with 1900 visitors from 58 countries attending. A total of 350 wine estates and producers offered their wines to taste, in what has been the largest wine expo in the Southern Hemisphere. Delegates came from the USA, Continue reading →
*. South African exports into Africa are growing, says Wines of South Africa (WOSA) Africa head Matome Mbatha. Angola is taking 6 million liters of wine, of which more than 80% is sparkling wines, and predominantly JC le Roux, a brand they are ‘crazy about‘, Mbatha says. The 4,5 million liters of Nigeria’s imports from our country are mainly Pinotage and Merlot.
* Chef Luke Dale-Roberts is to open a pop-up The Test Kitchen restaurant at Continue reading →
* The Commonwealth Fencing Junior Championships for fencers under the age of 20, and inaugural Commonwealth Fencing Cadet Championships for under-seventeens started at UCT on Saturday, and runs until 17 July. Cape Town is the first host of the championships, in which 14 nations are participating, including a Western Cape team, according to a newsletter received from the City of Cape Town.
* Little Havana in Umhlanga Rocks has won The Wolftrap Continue reading →
* WOSA (Wines of South Africa) CEO Siobhan Thompson has described the wines of our country as using ‘fusion wine-making’, the ‘newest generation of wines‘ being made with confidence in the Continue reading →
* Exhibition space for Cape Wine 2015 is practically sold out, says Wines of South Africa (WOSA) CEO Siobhan Thompson. The largest wine expo in the southern hemisphere, it will be held from 15 – 17 September. A conference will run alongside the Expo, and speakers include Leeu Collection owner Analjit Singh, WOSA Chairman Michael Jordaan of Bartinney, and Western Cape Minister of Economic Opportunities Alan Winde. (received via media release from De Kock Communications)
* The Table Bay Hotel offers its guests special foraging tours in Cape Town, seeking wild sorrel, num nums, nasturtiums, and sweet peas on Table Mountain, as well as seaweed from the sea in Mouille Point, and dune spinach near the Radisson Blu hotel, ingredients which are transformed into a meal for the foraging guests at Camissa Brasserie. A foraging tour, cooking with the chef and a three-course meal with wine cots R5800 for four and R7000 Continue reading →