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‘Foreign ownership of wine farms brings huge spin-offs for SA’

‘It is great for Brand South Africa’. Bruce Whitfield interviews international wine expert Michael Fridjhon (Wine Wizard).

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“Without foreign owners and their hard currency South Africa would be in the vinous dark ages” writes Michael Fridjhon in a new article.

The international wine expert’s piece Thank heavens for the overseas money behind Cape wines appears on Business Day.

RELATED: ‘Extraordinary opportunity’ – Former FNB CEO buys prime wine estate from Distell

Most of these foreign investors bought wine estates after 1994, says Fridjhon in conversation with Bruce Whitfield.

In other words, people looked at South Africa’s investment prospects post the democratic elections and obviously had expectations that this would be an investor-sympathetic environment.

Michael Fridjhon, International wine expert – Wine Wizard

And they’ve poured in a lot of money, they really…

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