South Africa’s wine industry could add 100,000 jobsStaff writer ▼ | June 22, 2016
South Africa’s wine industry could add a further 100,000 jobs by 2025, mostly in the Western Cape.
Wine trade Current duty-free quota will more than double
Countries in Sacu include South Africa, Botswana, Lesotho, Mozambique and Namibia.
The landmark agreement will mean South Africa’s current duty-free quota of 48 million litres of wine that can be exported to the EU will more than double, to 110 million litres.
Mokhoro said South Africa’s wine industry employs about 275 000 people and this number could swell to 375 000 by 2025. He said the EPA, which was finalised in 2014, needed to be ratified before the end of September, in order to take effect from October.
Although South Africa exports worldwide, the EU is by far the wine industry’s biggest export destination, accounting for 74.8 percent of annual off-shore sales volumes.
Mokhoro said, however, each of the five countries would first have to individually ratify the agreement through their respective parliamentary processes. The EU parliament would ratify the deal on behalf of its 28 member states. ■