START YOUR MORNING BY LISTENING TO TODAY’S BIZNEWS BREAKFAST BRIEFING – Tempered Fed approach helps shares; Tongaat shareholder revolt; Prof Jansen hits ANC jugular; Remote work is changing USA
Unfortunately, despite considerable effort, the BizNews Wine Club never caught the imagination of our community. So, like many other promising ideas that fail to ignite soon enough for a rapidly developing business, it has been relegated to the back burner.
___STEADY_PAYWALL___
Given the wine industry’s relevance in SA, however, I obviously keep a close eye on its progress. And was delighted to see the FT’s wine queen Jancis Robinson focusing on SA wine producers in her column over the weekend. She also published a list of her favourites (see above).
Robinson, who enjoys a guru-like following, writes: “I’m such a fan of South African wine that I’d like everyone to appreciate it.” And uses her column to ask “Why don’t Americans drink more South African wine?”. The US, she says, imports less than a third as many bottles as the UK and under two thirds of the Netherlands.
It’s always a delight to come across spontaneous endorsements for SA. But the line in her column that really caught my attention was how “canny investors are seeing the potential of SA’s undervalued vineyard land.” Lots of it, apparently, from Eastern Europe. Imagine One what awaits after 2024?
More for you to read today:
- Will the ANC walk if given out? William Saunderson-Meyer writes on the ANC’s dirty tricks campaign in the now DA-controlled uMngeni municipality (watch video with uMngeni mayor Chris Pappas)
- Russian Strikes Intensify as Moscow Aims to Tighten Grip on Donbas. Russia hits civilian centers and buildings across Ukraine, in what analysts say is an attempt to sour Kyiv’s appetite for war
- Earnings Season Off to Slow Start, Clouding the Outlook for Stocks. Early reports put focus on threat of an economic slowdown, the pressure of rising costs on profits
- Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point. Policy makers are leaning against full-point increase despite June inflation surge
NB FOR YOUR WALL STREET JOURNAL ACCESS…
As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal’s credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner’s website via Biznews Premium at least once a month. A final PS, if you had previously signed up for WSJ you’ll need to clear the cookies from your device. Our helpdesk can assist – [email protected]
