KWV SEES A POSITIVE 2ND QUARTER

KWV, one of South Africa’s largest wine and spirits producers, has posted a strong 2nd quarter with an 87.8% rise in earnings. Despite tough market pressure and competitive international trading, sales increased 6.4% driven by a volume growth of 37.9% locally while exports declined 1.2%. "Sales of our wines and brandies in South Africa have exceeded expectations, and we have also performed well in the rest of Africa", CEO Willem Barnard said. Although KWV had difficulty trading in the Far