I appreciate Foreign Direct Investment, but we must be able to strike the balance well, South Africa must never become like Namibia where foreigners own almost all the land and business but locals own almost nothing. We must introduce long term leases for foreign owned companies and not sell the land.
@@AndrewMcFarlane_1 you are very Delusional if you think Govt/Politician Controls Economic means... go watch or read about the "Economic Hitman" by john_perkins on how they(west Mafia's) control Govt/Countries/Land/wealth/Banks/Politics...etc., then come back
Anything is sold under ANC, we dont state bank that rescue under performing businesses in S.A. infact foreigners companies with big money comes and buy all struggling businesses. The Dome in Johannesburg was sold under city of Johannesburg and turn into car show now artists dont knw where to perform.
Lovely summary. I think there needs to be a deliberate effort to expose South Africans to the world as it is, so they understand what they have and learn how to sustain and improve it. Despite the problems in SA, it's easy for SA'ns to take the privilege and opportunity for granted. The world will not wait! I would wish for SA to abandon small things and focus on the bigger picture.
And for the youth who become empowered to go back to there parents and grand parents... The number of elderly people buying airtime to use it to make calls is ridiculous, we owe it to our parents to teach them how to buy data and how to use technology more efficiently in general
The government is broke, therefore the country is broke, the anc government has borrowed a lot of money, our debt to gdp ratio is sky rocketing many government services are now funded by debt, we are so desperate we selling the crockery and soon the family jewels
@@TzaboChakuze-vp7os That is what will happen when our property rights are taken away. Then the politicians will own it all. Just look at Mozambique and all the other liberated countries. The peasants (you and me) are easy to get rid of when they find resources under our feet.
The answer is complex and have many layers and independent producers are disappearing and replaced by co-operations, carry a business out of ones own pocket is hard and risky and you risk loosing all.... very quickly. Like most businesses you have to deal with staff, suppliers, marketing, producing, equipment, insurance that don't leave much time doing your actual work ... but unlike other business weather plays a huge role and you cant control it and it can wipe you out in a season. The uncertainty of land ownership in SA is always and issue - we could be one election away from losing your land without compensation (as promotes by EFF) and then you have nothing after generations of work and investment - so if you had the choice between getting a reasonable amount now or gamble all the risks of business and political interference and hope for the best for the future what would your position be?
Everything is commercial in that space… in my books SA has done well in the space. That tourists come to do wine tours speaks volumes. However, more should be done to bolster the industry even further. Branding around the industry should be intentional to gain mind share in the global market. South African wines should be in wine cellars globally by choice and also by simple virtue of them being from South Africa. People pay premium for Swiss made watches…even though some of he brands are not as high end as some Japanese or German brands. But that speaks to the collective branding of that industry in Switzerland. This is what needs to happen more in SA with the wines. Foreign investment is a good indication that you guys are doing well… just be savvy about it (l guess that’s the pain of the video).
@Japo29 ...eish ..but I think it's because of the fact that the people who are interested in such industries in further provinces like Gauteng, Limpopo etc. And the locals don't really see promise in that industry, but there's many other issues involved
The gatekeeping in the wine industry is definitely real, but with the right connections and persistence, you can break through. I hope you get the chance to meet the right people and masters in the field to help things go smoothly for you. Wishing you success on this journey!
@@Real.Adonis I am low on funds. I am planning to raise funds through horticulture and poultry farming. Then in 10 or so years I will buy farms in RSA and Botswana and create "sennanne sennanne " (sennanne is just a place holder I will think of nice Setswana and Nguni names for the brands when the time comes)
@@itumelengseeco2844 Ne ke go arabile beke tse di fetileng, mme go lebega karabo yame e nyeletse. If i dont find people to teach me locally, I will have to go to schools in Europe to learn. Ka gore Wine,Cider,Mead le diDistilled beverage ke markete o senang batho ba bantsho. Fa ke setse ke rekisa ke tlaa dira wine ee bidiwang Itumeleng ebe ke go bitsa gore o tle go e launcha.
The Covid lockdowns and restrictions on alcohol really hurt the wine industry. You have businesses still carrying big debts accumulated during Covid. And to make things worse, the Russian sanctions were updated at the end of 2023 to include wine. Russia was a big market for our exported wine and now our wines cannot be exported there. Some businesses had already sent the wine before the change and could not retrieve the payments made by the Russians due to the sanctions
They europe you can not buy land if you are not a citizen. Same as in tanzania . They must stop this thing of selling land to some body who is still living in over seas
South Africa is oozing with potential from KZN to Mafikeng however signing bills into law such as land expropriation will chase away these investors faster than you can say hyperinflation and Zimbabwean starvation! This is why black people in particular should be fighting against this and defending property rights for all those that have legally purchased their properties I can’t emphasise enough how important this is to all of our futures here. You take away property rights you take away prosperity for all it’s very simple.
@ you know watching my fellow South Africans so brazenly walk off a cliff I’m trying so desperately to explain and help you understand how very reckless stupid and needless this whole thing is! I don’t care about the land but investors and the economy does! The land is not going to make you rich! Only those that know how to use the land can make anything off it these days. I don’t want or need land but the removal of property rights is 100% going to chase away most of the investors away from SA and that’s why jobs disappear because SA is seen to be too risky that the state will just come and steal what you have purchased!
I'd choose that high road who knows Gods willing we may become the next China perhaps in the next 100 years . How will we achieve that if we'd already sold out everything to the foreigners?
The French must have finally accepted the fact that SA vino is quality. However I am suprissed that our dep of trade and industry OK`ed these deals. There was also a push recently by an American firm to buy the Springboks rights.
@Geezweez788 exactly and there's not even a single politician whose interested in prioritizing South Africans each and every one of them wants to use outside foreign resources instead of equipping us as SA citizens with the skills that will enable us as SOUTH AFRICANS to invest in our economy and bring about economic change
@Geezweez788 like.....take China for example, the Chinese built China into wat it is today and they did in a short amount of time all on their own , why can't SA do the same??
@@LookAtM3-w3n I got angry the day I saw an old Mandela clip, him saying ".....we are your servants..." The correct talk around 1994, according to me, was suppose to be around rolling up sleeves and working our asses off and grow a sense of ownership of the country through contributing by working to build. ANC work for the past years = relagaring us into second class citizens through dependency syndrome.
Global warming is affecting France's grape quality- in their wine regjon - and the trending weather pattterns will benefit the quality of SA grapes. French producers are making a long-term play.
I think most of mainland western Europe has used up it's ground water and that's what is causing the climate change. We need to make sure that does not happen here. Learn form their mistakes and make sure they don't import those bad practices.
Hundred years from now l hope a South African UA-camr will be talking about how Zimbabweans planted the seed for a multimillion Rand industry in South Africa 😅🫶🏽 Sorry l just had to be that guy today🙈
@ they already do. But that would not really make a story a hundred years from now. It’s the expected… right now we are discussing unexpected positives. Like how South Africa is now one of the leading wine regions in the World because of some French and Dutch guys from a hundred years ago. Umqombothi is great too but we haven’t marketed it internationally to this level. And I’m not focusing on the colonial things (just the specific positive result of the winelands). There are already many things South African citizens have done within Zim that we on our end are grateful & reaping the benefits of as l speak. It’s just how history works.
There isn't a disconnect. It is simply not as profitable and not worth being a wine farmer when demand is low. Much more profitable to be an apple farmer as an example. The overseas companies are just going to bottle it in blends and sell it overseas for more. But with the absolute sheer number of wine farms, the country will never be in a position where the local people can't enjoy the wine. The much larger wine producers will be able to scale production a lot more efficiently and market the wines a lot better than the local guys ever could. This is a win for SA ito creating jobs.
When politicians who have no clue of running country that's what will happen all over Africa remember it not only south africa Africans leaders have let us down big time
This is an informative video. I wonder how many black people are invested in wine-making. I also wonder if several black investors would get together and buy a few farms, and the proceeds would go back to the communities. What kind of country would we have in 50-100 years?
@ajmad5092. If it's the government's fault then you are to blame for not lobbying your legislators to change the law. If you petitioned for Chidinma Adetshina to be dropped raising a huge outcry for a meer beauty pageant, what more for this existential threat? Remember, you control the government.
You are going to make me upset. At 1:29 I feel that this clip is going to make me sooo angry just before Christmas 2024. So, I have decided to just move on to the next on my list to watch
I appreciate Foreign Direct Investment, but we must be able to strike the balance well, South Africa must never become like Namibia where foreigners own almost all the land and business but locals own almost nothing. We must introduce long term leases for foreign owned companies and not sell the land.
Indigenous people must be first preference i.e Africans of African ancestry first.
Zimbabwe tried what you are proposing. It doesn't work. You will suffer from hunger
@Accuface2000 oh really now? 🙄🤣🤣🫸
@Accuface2000 Zimbabwe didn't do that, and you know it
@@Accuface2000😂😂😂😂😂
This is so sad. South Africa is up for sale, and so cheap for foreigners.
Dont blame them, blame ANC for making everyone poorer
@@AndrewMcFarlane_1 As if the DA is doing anything different?
@itumelengseeco2844 where the DA can, they are
@@AndrewMcFarlane_1 you are very Delusional if you think Govt/Politician Controls Economic means... go watch or read about the "Economic Hitman" by john_perkins on how they(west Mafia's) control Govt/Countries/Land/wealth/Banks/Politics...etc., then come back
@@AndrewMcFarlane_1these winefarms are in the DA led western cape buddy.
Anything is sold under ANC, we dont state bank that rescue under performing businesses in S.A. infact foreigners companies with big money comes and buy all struggling businesses. The Dome in Johannesburg was sold under city of Johannesburg and turn into car show now artists dont knw where to perform.
DA does the exact same. Western cape is a DA province and look whats happening there, locals are being priced out of cpt
Another example of how socialist (ANC) and neoliberals (DA) don’t know how to lead this country into greatness
ANC does not govern WC where most wine farms are
@@glendlebock2654 ANC does not control national finance?? Hahaha
How does ANC fit on this topic now.
Lovely summary. I think there needs to be a deliberate effort to expose South Africans to the world as it is, so they understand what they have and learn how to sustain and improve it. Despite the problems in SA, it's easy for SA'ns to take the privilege and opportunity for granted. The world will not wait! I would wish for SA to abandon small things and focus on the bigger picture.
And for the youth who become empowered to go back to there parents and grand parents...
The number of elderly people buying airtime to use it to make calls is ridiculous, we owe it to our parents to teach them how to buy data and how to use technology more efficiently in general
But why are we selling? Asking retoricaly.
We, the people don't own it
The government is broke, therefore the country is broke, the anc government has borrowed a lot of money, our debt to gdp ratio is sky rocketing many government services are now funded by debt, we are so desperate we selling the crockery and soon the family jewels
You the blacks are not we the people… you the illegal immigrants and Europes are buying up assets because if BRICS
@@TzaboChakuze-vp7os That is what will happen when our property rights are taken away. Then the politicians will own it all.
Just look at Mozambique and all the other liberated countries.
The peasants (you and me) are easy to get rid of when they find resources under our feet.
The answer is complex and have many layers and independent producers are disappearing and replaced by co-operations, carry a business out of ones own pocket is hard and risky and you risk loosing all.... very quickly. Like most businesses you have to deal with staff, suppliers, marketing, producing, equipment, insurance that don't leave much time doing your actual work ... but unlike other business weather plays a huge role and you cant control it and it can wipe you out in a season. The uncertainty of land ownership in SA is always and issue - we could be one election away from losing your land without compensation (as promotes by EFF) and then you have nothing after generations of work and investment - so if you had the choice between getting a reasonable amount now or gamble all the risks of business and political interference and hope for the best for the future what would your position be?
Everything is commercial in that space… in my books SA has done well in the space. That tourists come to do wine tours speaks volumes. However, more should be done to bolster the industry even further. Branding around the industry should be intentional to gain mind share in the global market. South African wines should be in wine cellars globally by choice and also by simple virtue of them being from South Africa.
People pay premium for Swiss made watches…even though some of he brands are not as high end as some Japanese or German brands. But that speaks to the collective branding of that industry in Switzerland. This is what needs to happen more in SA with the wines. Foreign investment is a good indication that you guys are doing well… just be savvy about it (l guess that’s the pain of the video).
We have enjoyed good quality affordable South African wine for decades, I hope it doesn’t disappear.
South Africa is the fastest growing wine industry in the world, so its no surprise
But it has to be locally owned and locally operated
@LookAtM3-w3n agreed, but for the most part, we take for granted what we have as South Africans.
@Japo29 ...eish ..but I think it's because of the fact that the people who are interested in such industries in further provinces like Gauteng, Limpopo etc. And the locals don't really see promise in that industry, but there's many other issues involved
@LookAtM3-w3n 💯 my brother these are conversations we need to have in order to get our people thinking and who knows we might see something special
@Japo29 most definitely 💯
Why hasn't SA made it's own cognac since wine making & making cognac are very similar?
@@TheProffa8719 there are some cognac brands that are locally made but they aren't recognized due to nor having PR
My guy, SA makes the best brandy in the world. You can only call it Cognac if it actually comes from Cognac in France.
I need to start a wine brand in the next 10 years
The gatekeeping in the wine industry is definitely real, but with the right connections and persistence, you can break through. I hope you get the chance to meet the right people and masters in the field to help things go smoothly for you. Wishing you success on this journey!
@@itumelengseeco2844 KE a leboga rre Itumeleng. Ke ya go fa leina le le monate la setswana☺
What’s stopping you from starting now?
@@Real.Adonis I am low on funds. I am planning to raise funds through horticulture and poultry farming. Then in 10 or so years I will buy farms in RSA and Botswana and create "sennanne sennanne " (sennanne is just a place holder I will think of nice Setswana and Nguni names for the brands when the time comes)
@@itumelengseeco2844 Ne ke go arabile beke tse di fetileng, mme go lebega karabo yame e nyeletse.
If i dont find people to teach me locally, I will have to go to schools in Europe to learn. Ka gore Wine,Cider,Mead le diDistilled beverage ke markete o senang batho ba bantsho.
Fa ke setse ke rekisa ke tlaa dira wine ee bidiwang Itumeleng ebe ke go bitsa gore o tle go e launcha.
We as a country can not afford to sell land to foreigners no matter what
What are saying? Who is owning more than 70% land of SA? Is it the blacks?
@@MkhululiNxumalo-w1qYou talking about cultivated land. Who owns the uncultivated land because thats the majority
At this point it honestly is what it is; it’d be of no use to complain about a race that one doesn’t even have a horse in..
I agree with you sir.
Also, look into Saudis buying up farms in the Karoo. Paying exponentially higher prices per hectare that local farmers can afford.
They will go for fracking again, something to keep an eye on
The Covid lockdowns and restrictions on alcohol really hurt the wine industry. You have businesses still carrying big debts accumulated during Covid. And to make things worse, the Russian sanctions were updated at the end of 2023 to include wine. Russia was a big market for our exported wine and now our wines cannot be exported there. Some businesses had already sent the wine before the change and could not retrieve the payments made by the Russians due to the sanctions
They europe you can not buy land if you are not a citizen. Same as in tanzania . They must stop this thing of selling land to some body who is still living in over seas
It's easy money for the locals who sell the land. Guess some comrades are involved as well
Why are nigerian companies not buying these companies
South Africa is oozing with potential from KZN to Mafikeng however signing bills into law such as land expropriation will chase away these investors faster than you can say hyperinflation and Zimbabwean starvation! This is why black people in particular should be fighting against this and defending property rights for all those that have legally purchased their properties I can’t emphasise enough how important this is to all of our futures here. You take away property rights you take away prosperity for all it’s very simple.
🙄
@@nguboyengwekaluvuyo6219 I guess you can’t argue with facts so you have to use emojis m?
Ugh you're so predictable. 😟🙄
@ you know watching my fellow South Africans so brazenly walk off a cliff I’m trying so desperately to explain and help you understand how very reckless stupid and needless this whole thing is! I don’t care about the land but investors and the economy does! The land is not going to make you rich! Only those that know how to use the land can make anything off it these days. I don’t want or need land but the removal of property rights is 100% going to chase away most of the investors away from SA and that’s why jobs disappear because SA is seen to be too risky that the state will just come and steal what you have purchased!
I'd choose that high road who knows Gods willing we may become the next China perhaps in the next 100 years . How will we achieve that if we'd already sold out everything to the foreigners?
The French must have finally accepted the fact that SA vino is quality. However I am suprissed that our dep of trade and industry OK`ed these deals. There was also a push recently by an American firm to buy the Springboks rights.
I think it's time we Blacks ventured into such industries
This is what should have been said by the ANC since 1994, instead of selling us rubbish that "we are your servants"
@Geezweez788 exactly and there's not even a single politician whose interested in prioritizing South Africans each and every one of them wants to use outside foreign resources instead of equipping us as SA citizens with the skills that will enable us as SOUTH AFRICANS to invest in our economy and bring about economic change
@@LookAtM3-w3n mxim, seems these ANC people have never had an understanding of what power and building a country is.
@Geezweez788 like.....take China for example, the Chinese built China into wat it is today and they did in a short amount of time all on their own , why can't SA do the same??
@@LookAtM3-w3n I got angry the day I saw an old Mandela clip, him saying ".....we are your servants..." The correct talk around 1994, according to me, was suppose to be around rolling up sleeves and working our asses off and grow a sense of ownership of the country through contributing by working to build. ANC work for the past years = relagaring us into second class citizens through dependency syndrome.
Global warming is affecting France's grape quality- in their wine regjon - and the trending weather pattterns will benefit the quality of SA grapes. French producers are making a long-term play.
I think most of mainland western Europe has used up it's ground water and that's what is causing the climate change.
We need to make sure that does not happen here.
Learn form their mistakes and make sure they don't import those bad practices.
Hundred years from now l hope a South African UA-camr will be talking about how Zimbabweans planted the seed for a multimillion Rand industry in South Africa 😅🫶🏽
Sorry l just had to be that guy today🙈
Couldn't plant that in their own country
@ they already do. But that would not really make a story a hundred years from now. It’s the expected… right now we are discussing unexpected positives.
Like how South Africa is now one of the leading wine regions in the World because of some French and Dutch guys from a hundred years ago. Umqombothi is great too but we haven’t marketed it internationally to this level.
And I’m not focusing on the colonial things (just the specific positive result of the winelands).
There are already many things South African citizens have done within Zim that we on our end are grateful & reaping the benefits of as l speak. It’s just how history works.
get ready to buy R500 for wine bottles
And it was harvest in S.A. but produced in Europe the same with American swiss, the gold is from S.A. but production in American.
@@AmoMoëti...it has to change sherm
Didnt china reduces buying the amount of wine and brandy from france
Cape method of making champagne. Sparkling wine is CO2 infused.
😉 that’s for the clarification
Thanks* 🙏🏾
There isn't a disconnect. It is simply not as profitable and not worth being a wine farmer when demand is low. Much more profitable to be an apple farmer as an example. The overseas companies are just going to bottle it in blends and sell it overseas for more. But with the absolute sheer number of wine farms, the country will never be in a position where the local people can't enjoy the wine. The much larger wine producers will be able to scale production a lot more efficiently and market the wines a lot better than the local guys ever could. This is a win for SA ito creating jobs.
When politicians who have no clue of running country that's what will happen all over Africa remember it not only south africa Africans leaders have let us down big time
I thought china was buying a lot of wine in SA.
Willing buyer, willing seller. Private property 101, im sure we all know what's state owned & privately owned
I guess that is how economics works, unfortunately for some and fortunate for others.
This is an informative video. I wonder how many black people are invested in wine-making. I also wonder if several black investors would get together and buy a few farms, and the proceeds would go back to the communities. What kind of country would we have in 50-100 years?
Europeans and Americans will own everything in SA not just wine farms
Our government is to blame and they will sell because to them cash is king
@ajmad5092. If it's the government's fault then you are to blame for not lobbying your legislators to change the law. If you petitioned for Chidinma Adetshina to be dropped raising a huge outcry for a meer beauty pageant, what more for this existential threat? Remember, you control the government.
No mention of china
NOT MAKE SURE
You are going to make me upset. At 1:29 I feel that this clip is going to make me sooo angry just before Christmas 2024. So, I have decided to just move on to the next on my list to watch
Lol
Guys these re not south afrika wines. Thy white farmers wine farms. Like Rupert n Rothschild.
I wonder how much land is still owned by the government at this point