JOHANNESBURG - The Chinese market is expected to expand,and yield growing demand for South African wines.
Despite a decline in overall demand, exports of Cap Classique to China rose by 4-percent in 2023.
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Wine consumption data shows that locally, the industry reached a record high in 2022, with global consumption going down since 2018.
Sithembile Dlamini, the Head of Africa China Banking at Standard Bank Private spoke to eNCA