Stephen Grootes discusses with Wade Bales, owner of Wade Bales Wine Co., the various challenges South Africa's wine industry confronts, including global competition, rising production costs, climate change, and transformation issues. Despite producing some of the best wines ever, many bottom-end players struggle with profitability, as highlighted by Tim Atkin's 2024 South Africa Special Report.
Stephen Grootes speaks to Wade Bales, owner at Wade Bales Wine Co. about the challenges facing South Africa 's wine sector, from global competition and rising production costs to climate change and transformation issues.Wine master Tim Atkin's 2024 South Africa Special Report suggested that while South Africa is making the best win in its history, many bottom-end players are struggling to make a consistent profit.
"Obviously it benefits exporters with the weaker currency, but then we also have to import input costs such as barrels and equipment, so what you gain on the one hand you lose on the other..and inflation is a factor."Don't cry over spilt wine: Climate crisis hits global wine production Bales says producing costs, which have traditionally been lower than other wine making regions in the world, are starting to increase in line with other markets.
"Generally South Africa is a low cost producer, relative to California or Europe where the cost of land is far higher, but that's changing.The prime growing regions are becoming very sought after and prices are being driven up."
South Africa Wine Industry Challenges Global Competition Production Costs
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