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August 14, 2009
The real extent of the impact of the credit crunch not known to SA wineries yet
"Some South African wineries are already feeling the impact of the global and local economic downturns" says Frans Weilbach, Wine Industry Specialist Partner at PricewaterhouseCoopers in Stellenbosch.
"But in many cases, the real extent thereof will only be known in the long run due to the longer turnover cycle of wine compared to other products."
Posted by StaffWriter at August 14, 2009 7:23 AM