Sexwale ups his stake in Boland wine industry

Tuesday, 11 March, 2008
The Star, Bronwynne Jooste and Lynnette Johns
A farming subsidiary of Sexwale's Mvelaphanda Holdings purchased Bloemendal Wine estate for R105-million.
Bloemendal, established around 300 years ago, grows varied grapes, including Shiraz, Merlot and Chardonnay.
 
John Parker, of the family-owned Altydgedacht wine farm, established in 1698, said there were positives and negatives.

Parker said while Sexwale's arrival would raise the profile of the Durbanville winelands, it could have disadvantages.

"High-profile people have the money to buy farms and improve the infrastructure of that farm. This can be a negative point when it comes to family farms, that now have to compete.

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