Alan Winde, Minister of Economic Opportunities, today (15 September 2015) highlighted the economic impact of the wine industry during his address at Cape Wine 2015.
Hosted at the Cape Town International Convention Centre, Cape Wine is an international wine trade show which showcases the South African wine industry.
It is presented by Wines of South Africa.
Minister Winde welcomed the exhibitors and international buyers to the event.
“Wine tourism is an important economic generator, earning R6 billion for our economy. In total the industry makes up 1.2% of South Africa’s Gross Domestic Product. The entire industry contributes R36 billion to the national economy.”
“In terms of global wine production, South Africa ranks as number seven in overall volume and produces 4.2% of the world's wine (2014). Our exports have grown from less than 50 million litres in 1994 to over 422 million litres in 2014. I’d also like to encourage wine producers to remain innovative so we are able to leapfrog our competitors.”
Minister Winde also commended wine producers for operating responsibly.
“South Africa produces the most Fairtrade wines in the world and organisations such as the Wine Industry Ethical Trade Association (WIETA) and Fairtrade are playing a key role in engaging with the industry.”
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Spokesperson: Alan Winde, Minister of Economic Opportunities|
Western Cape Government