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Foreign groups are making significant investments into South Africa’s wine industry, and industry body Vinpro says this will help local brands to go global.
At least 15 large South African wineries and related businesses have been acquired by foreign entities in recent years, with some notable deals in the past few months, according to Vinpro, an organisation that represents local wine producers and cellars.
In February, the local unit of French winemaking giant Grands Chais de France (GCF) bought Villiera, a well-known Stellenbosch farm. Just four months before that, GCF acquired the nearby Neethlingshof winery.
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