The South African wine industry’s annual contribution to the national Gross Domestic Product grew to R26.2 billion in 2008, from R22.5 billion in 2003 according to research done for the SA Wine Industry Information and Systems.
“Of the R26.2 billion GDP created in South Africa by the wine industry, about R14.2 billion remained in the Western Cape. The wine industry supports employment opportunities to the tune of 275,606,” the research found.
“The total turnover of the wine alcohol industry in 2008 amounted to R19.2 billion. Of this amount R6.3 billion was exported directly. Imports amounted to R237 million or about 2% of domestic sales.
“In actual fact, primary agricultural output valued at R3.3 billion was beneficiated and added in value downstream to the value of R19.2 billion n, i.e. about five times the initial value of the raw materials.
“Another R4.3 billion is generated indirectly through wine tourism.
“Compared with the 2003 study, it is evident that the wine industry as a whole did somewhat better over the 2003 – 2008 period. Total turnover grew by 79%. This growth can be attributed mainly to the excellent export performance (close to doubling in current rand value terms since 2003). The growth in value of domestic sales in nominal terms, over the period 2003 – 2008 amounted to 76%.”
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