Wine worth R1.5bn at risk of being lost as industry runs out of storage capacity

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Wine worth R1.5bn at risk of being lost as industry runs out of storage capacity
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Top story | Wine worth R1.5bn at risk of being lost as industry runs out of storage capacity 🔒

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Alcohol sales ban threatens the financial viability of one of the biggest employers in the Western CapeSA’s embattled wine industry could lose an estimated R1.5bn worth of stock as it runs out of space to store excess wine within the next few weeks as the new harvest starts amid the ban on alcohol.

The liquor industry is suffering a third alcohol sales ban after 12 weeks of restrictions in 2020 after President Cyril Ramaphosa announced the prohibition towards the end of December. ..A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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Fcuk this ANC government!

elminiedip A sad state of affairs 😪the loss to the wine farmers, peoples livelihoods and the rest of the supply chain is enormous 💔can’t anymore!!

Around 60 million people the is enough storage for that wine, think please think!

Just give us for free dhaaaa!! Regulation says no sale, we will collect during non curfew hours.

We have storages in our homes!

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