South African wine magnate Wendy Appelbaum exports 75% of her output as volumes fall
South Africa's wine exports fell 13.8% by volume last year. Wendy Appelbaum's De Morgenzon ships three-quarters of its output to premium markets.
Wiphold
South African businesswoman Gloria Serobe’s Wiphold and PIC acquire Zaad seed group for $87 million
Wiphold and the PIC are buying Zaad Group for R1.4bn, betting better seeds and crop protection can help shore up food supply.