Yangzhou-based Perfect China has made the Asian country’s first investment in South Africa’s wine industry, acquiring the Val de Vie estate in the Western Cape in a deal expected to boost exports of South African wine to the Far East. Perfect China, through its 51% shareholding in Perfect Wines of South Africa, purchased the 25-hectare wine farm between Paarl and Franschhoek that includes 21 hectares of vineyards, a manor house and wine cellar…Full-text article: AllAfrica Aug 2013

Key point

  • From 2011 to 2012, approximately 25% (~2.8 million bottles) of South Africa’s wine exports were from the “L’Huguenot” brand

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