Cape firm clinches Russia wine contract

Stellenbosch Koopmanskloof WinesFrom DION HENRICK in Cape Town
CAPE TOWN, (CAJ News) – A South African company, Stellenbosch Koopmanskloof Wines, has secured a lucrative deal to supply the beverage to Russia.

The agreement, clinched during an Investment and Trade Initiatives (ITI) to Moscow, led by the Deputy Minister of Trade and Industry, Mzwandile Masina.

Managing Director at Koopmanskloof, Rydal Jeftha, said their deal with a Russian company requires Koopmanskloof Wines to start shipping over 60 000 bottles of wines from July.

“We are also working on a long strategic partnership of providing half a million bottles by 2020 and give our partners more brands in our portfolio to distribute in the Russian market,” he said.

Jeftha said even though Koopmanskloof was already distributing in one supermarket in Russia, this deal will help the brand to expand and use this opportunity as a stepping stone to be successful in the Russian market.

“We are very excited as our set goal for this market is now coming into fruition and this will mean we can employ more people back at home especially the youth. This is an example of a small black business empowerment enterprise that can give hope to others and instill positivity that it is not all gloom in South Africa,” he added.

Koopmanskloof is made up of four farms in which 120 workers have shares.

The holding company is 51 percent black-owned.

– CAJ News

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Posted by on Jun 23 2016. Filed under Featured, Finance, Finance & Banking, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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