Over the past five years, the South African wine industry has suffered through prolonged drought and draconian Covid restrictions, but despite a recent resurgence in domestic wine consumption, its profitability remains under severe pressure.

In fact, almost 40% of wine farmers were loss-making in 2022 — the final year of a detailed macroeconomic study of the domestic wine industry undertaken by FTI Consulting for wine industry umbrella body SA Wine...

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