Boschendal investment starts to pay off

Thursday, 11 November, 2004
Ronnie Morris, Business Report
Franschoek - An investment of R60 million by Anglo American eight years ago in Boschendal, the multiple award-winning wine estate in Franschoek, is paying dividends as international recognition for its quality wine continues to flow in.

The estate, which stretches from the Simonsberg to the Groot Drakenstein Mountains, has produced wine since at least 1685 and its vineyards are spread over 344ha. The estate produces 250 000 cases of white and red wine a year.

Franco Barocas, the managing director who took over in March when the wine estate changed hands in a deal valued at R323 million, said three key elements - the human factor, technology and the combination of natural resources - had finally come together.

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