The wine and brandy industry is a cornerstone of South Africa's economic landscape. In 2022, the industry contributed R56,5 billion to gross domestic product (GDP), R19 billion to the fiscal and created 270 364 jobs across the country. This is according to the Macro-Economic Impact report recently released in Stellenbosch by FTI Consulting.
The report, which measured the wine and brandy industry's impact on the South African economy in 2022, reveals that the industry's output-based GDP multipliers of 1,57 surpassed the national average of 1,30, meaning that R1,57 million of value was added to the national economy for each R1 million of sales revenue in the industry. The study also found that for every R1 million of output in the wine industry,
