South Africa feels the pinch of the world wide wine glut

South Africa is arguably one of the most successful “new” wine countries in recent times, coming from virtually nowhere to now commanding a substantial market share, at least on some markets. But now even South Africa is starting to feel the pain of the word wide wine surplus. Exports are down for the first time in 12 years. Prices are also down (13%) and wineries come up for sale. Read more: iol.co.za

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