{"id":13832,"date":"2012-08-23T15:09:26","date_gmt":"2012-08-23T13:09:26","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africa-seeks-steps-to-counter-british-bulk-wine-buy-official\/"},"modified":"2012-08-23T15:09:26","modified_gmt":"2012-08-23T13:09:26","slug":"s-africa-seeks-steps-to-counter-british-bulk-wine-buy-official","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-seeks-steps-to-counter-british-bulk-wine-buy-official\/","title":{"rendered":"S.Africa seeks steps to counter British bulk wine buy-official"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* South Africa does not want “trade war”-trade official<\/span><\/p>\n

<\/span><\/p>\n

* Its wine industry faces “serious risk”, the official says<\/p>\n

<\/span><\/p>\n

* Bulk buying helps retailers save costs<\/p>\n

<\/span><\/p>\n

CAPE TOWN, Aug 23 (Reuters) – South Africa is mulling
\nretaliatory measures to protect its centuries-old wine industry
\nand counter job losses caused by a British retailers’ move to
\nbuy the product in bulk rather than in bottles, a trade official
\nsaid.<\/p>\n

<\/span><\/p>\n

British retailers including Tesco and J Sainsbury
\n are bottling the bulk wine themselves, leading so far
\nto as many as 700 job losses in South Africa, said Stephen
\nHanival, chief director of agro-processing at the Department of
\nTrade and Industry.<\/p>\n

<\/span><\/p>\n

“We certainly hope that the developments on bulk wine don’t
\nlead to any kind of trade war between either South Africa, the
\nUK or any of the European Union countries with whom we trade
\nextensively,” Hanival told reporters late on Wednesday.<\/p>\n

<\/span><\/p>\n

“However, South Africa does have a responsibility to protect
\nits trade interests. Our view is that this is a serious risk to
\nthe South African wine industry,” he said.<\/p>\n

<\/span><\/p>\n

The bulk buying helps British retailers save costs and
\npackage the products in ways that may be more appealing for
\nlocal customers.<\/p>\n

<\/span><\/p>\n

According to the Department of Trade and Industry, last year
\nSouth Africa imported 1.7 billion rand ($204 million) of British
\nwhisky. It exported wine valued at 993 million rand to Britain
\nduring the same period, a significant trade imbalance, which
\nHanival suggested could be exploited to South Africa’s
\nadvantage.<\/p>\n

<\/span><\/p>\n

“Why shouldn’t South Africa be importing bulk whisky from
\nthe UK and bottling it locally, so that we can at least attempt
\nto prevent some of the job losses that we’ve seen up to now
\nspreading to other parts of the economy,” he said.<\/p>\n

<\/span><\/p>\n

South Africa’s wine industry currently employs around
\n275,000 workers and has seen exports grow more than 200 percent
\nbetween 1998 and 2010, with the major markets including Britain
\nand other countries in the European Union.<\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* South Africa does not want “trade war”-trade official * Its wine industry faces “serious risk”, the official says * Bulk buying helps retailers save costs CAPE TOWN, Aug 23 (Reuters) – South Africa is mulling retaliatory measures to protect its centuries-old wine industry and counter job losses caused by a British retailers’ move to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13832"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}