PATRICE MOTSEPE BUYS WINE FARM

Local billionaire Patrice Motsepe has widened his interest as an investor by buying a wine farm.

Hidden Valley located between Stellenbosch and Somerset West in the Western Cape is estimated to be worth more than $ million.

Motsepe is also the owner of the Pretoria-based soccer club Mamelodi Sundowns and is a major shareholder in the rugby club the Blue Bulls.

Motsepe’s timing is great since interest in the local wine industry is growing at a rapid rate. Travel Noire reports that South Africa is the ninth-biggest wine producer in the world, producing 4% of the world’s wine.

The farm is located in the Eerste River Valley and is one of the oldest settlements in South Africa.

According to the Wine Industry Advisor, the crops in the region may be smaller compared to other regions, but the quality of grapes grown results in great wines with a good aging potential.

Besides the farm’s luxurious wine options, it also sells olives from its own trees.

Motsepe is married to Precious Moloi-Motsepe, a medical doctor and sister to South Africa’s President Cyril Ramaphosa.

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