South Africa: Wine: Hidden Valley

opinion

Johannesburg — SOMEONE smart enough to have made the money (but not necessarily smart enough to have kept it) once said that "a yacht is a hole in the ocean into which you pour money". Nowadays, as trophy wine estates have replaced yachts, he might have observed that "a vineyard is a hole in the ground ... "

Fortunately the ever-increasing demand for a seemingly finite number of prestige sites creates a capital gain opportunity which enables investors with deep enough pockets to exit and recoup their running costs.

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