January 2023

31 January 2023 – A smaller wine crop is expected for 2023, wine organisation Vinpro has warned. Vinpro, a non-profit company which represents close to 2 600 South African wine producers, said in a statement on Wednesday that in the run-up to the 2023 wine grape harvest, which runs from January to April, the second […]

30 January 2023 – The South African logistics sector, as measured by the Ctrack Transport and Freight Index, took severe strain during December, still reeling from the aftermath of the crippling Transnet strike in October. With all the commercial ports affected at the time, extensive backlogs were created, while the economic damage subsequently spread to

27 January 2023 – Despite ongoing global economic challenges, more and more shipping lines are sourcing additional volumes for South Africa through the different routes they are servicing. This requires port terminal operators, more than ever before, to be on top of their game. “Stack fluidity is, and will remain, our number one priority to

26 January 2023 – Trade between China and Africa surged last year to a record US$282 billion – an 11 per cent year-on-year increase bolstered by soaring commodity prices, China’s reopening and Beijing’s recent push to boost imports from Africa. According to Chinese customs authorities, exports to Africa totalled US$164.49 billion for the 12 months to December,

25 January 2023 – The cost of living in South Africa will not ease anytime soon as the central bank is expected to maintain its hawkish monetary policy stance a bit longer, in spite of consumer prices softening to a seventh-month low in December. Data from Statistics South Africa (StatsSA) yesterday showed that the annual

24 January 2023 – Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. According to Stats SA, South Africa saw 159 liquidations in December

23 January 2023 – Stats SA reports that South African retail trade sales increased by 0.4% year-on-year in November 2022. Positive annual growth rates were recorded for: retailers in household furniture, appliances and equipment (6.0%); retailers in textiles, clothing, footwear and leather goods (5.9%); all ‘other’ retailers (2.3%); and general dealers (0.1%). The largest positive

20 January 2023 – T he South African wine industry exported 368-million litres of wine, valued at R9.9-billion, in 2022. Exports were 5%, or 20-million litres, lower than in 2021. The value of exports in 2022 was also lower compared with R10.2-billion worth of wine exports in 2021. However, Wines of South Africa (WoSA) deems it positive that export value

19 January 2023 – Power outages are having a significant impact on production as well as the wine industry as a whole. Groote Post Wines, a producer of premium wines on the Cape West Coast, is one of several South African wine producers that are feeling the effects of the ongoing load shedding struggles in

19 January 2023 – World food prices fell for a ninth month in a row in December, though they hit their highest level on record for the full year in 2022, UN data showed Friday. Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of