S AFRICA: KWV’s empowerment deal in jeopardy
The South African Wine Industry Trust has withdrawn its financial backing to black economic empowerment group Phetogo’s deal to obtain a 25.1% stake in wine and spirits group KWV two years ago.
The South African Wine Industry Trust has withdrawn its financial backing to black economic empowerment group Phetogo’s deal to obtain a 25.1% stake in wine and spirits group KWV two years ago.