LIQUID INVESTMENTS
MICHAEL FRIDJHON: Handful of Cape wines could catch the eye of a speculator
Michael Fridjhon: Why are only a few, if any, Cape wines regarded as blue chip?
While SA struggles to improve its ratings grade, its wine industry aspires to investment-grade status. Despite glowing international reviews, few, if any, Cape wines are regarded as blue chip. In the past this was explained away by lack of international recognition. However, since it is clear SA is no longer regarded as some kind of vinous backwater, what is holding us back? With the major wine writers in Europe and the US constantly praising our wines, why is it that punters in those countries are not filling their cellars with them — for current enjoyment and for the prospect of profits that could be made by speculating against their future value? Karen MacNeil, author of The Wine Bible and a highly regarded US wine writer and wine educator, recently wrote that only 1% of the world’s wine is considered investment grade. She believes that such wines must come from a prestigious property, have proven age-ability (she recommends 25 years), have a documented history of price apprecia...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.