DRY WHITES: Workers harvest grapes at the La Motte wine farm in Franschhoek in January 2016. Picture: REUTERS
The price of a wine farm may deter investors who do not have deep pockets but fractional ownership could make the purchase more attainable. Hemelzicht Vineyards has presented a business model that could allow a group of investors to own a 1% stake in a wine farm for R1m.
Reasons Why Not To Invest in South Africa: 1. Racist BBBEE laws 2. Corruption 3. Crime 4. Unfriendly labour legislation 5. Expropriation without compensation 6. Failing infrastructure 7. No electricity 8. Exorbitant taxation rate 9 Illegal foreigners
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