Wine industry sees positives despite expected R700m shortfall

The smaller wine grape harvest anticipated by industry body Vinpro for this year is expected to result in a R700-million shortfall at farm gate, at a time when production costs have doubled in the past decade and the minimum wage for farm workers is set to increase by 17% in May. However, despite the increased financial pressures, Vinpro MD Rico Basson said the industry was now entering a new growth phase in the wine industry’s seven-year cycle.