SOUTH AFRICA: KWV Board put under the spotlight
By Arnold Kirkby | 1 November 2001
The KWV board was severely criticised and suffered a number of probing, negative questions by a small, but vocal group of producer-shareholders at its AGM in Paarl yesterday. One farmer claimed that since KWV had become a company in 1997 it had failed its members. Among the issues raised were the fact that individual producers and former co-operatives were not given sufficient information regarding production costs and the going rate for wine and thus could not negotiate properly when confronted by wine buyers for large concerns.
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The KWV board was severely criticised and suffered a number of probing, negative questions by a small, but vocal group of producer-shareholders at its AGM in Paarl yesterday. One farmer claimed that since KWV had become a company in 1997 it had failed its members. Among the issues raised were the fact that individual producers and former co-operatives were not given sufficient information regarding production costs and the going rate for wine and thus could not negotiate properly when confronted by wine buyers for large concerns.
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