Wine industry running at R7.5bn loss due to COVID-19 - Wosa

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Wines of South Africa (Wosa) said that the losses were due to lockdown bans on sales and exports and alcohol sales were still not allowed over weekends under Level 1 lockdown.

The sector has lost over 21,000 jobs.

Wines of South Africa's Maryna Calow said that they were anticipating a number of wineries would have to shutdown in the next 18 months. She said that for 14 weeks the industry could not sell wine locally and there was a ban on exports for about five weeks. "Once exports were allowed to restart, we had major issues at the Cape Town port terminal, maily due to workers being infected with COVID-19 or coming into close contact with COVID-19 cases."

Calow said that a lot of the cellars were heavily dependent on wine tourism but that was not happening."About three million litres of wine, which makes up about a third of our harvest and that needs to be repurposed somehow in order to create space in the cellars for harvest 2021 stock to come in."

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R7.5bn loss but come wages increment suddenly the industry doesn't generate enough profit to afford the increments while bosses are owning villas in Hollywoods,beverly hills,Miami etc

That much!? So why won't they pay farm workers a living wage

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SA wine industry in trouble after losing R400m weekly during alcohol banThe wine industry could turn sour, with 13 000 hectares of vineyards lost during the lockdown - and even at level 1, it is running at a R7.5 billion loss. The prices at “boutique wineries” are in most cases out of the reach for local consumers, particularly in the current circumstances. They should not expect much help locally....!! Unless, meaningful discounts are offered on bulk buys. CoruscaKhaya If it didn’t sour then it wouldn’t be wine CoruscaKhaya That's good news. I see many cape addicts recovering! Perhaps is because of access to quality wine which was apparently exported before the pandemic. PaarlPearlmustfall
Source: IOL - 🏆 46. / 51 Read more »