The South African wine industry has been, and will continue to be severely affected by the restrictions on trade during the COVID-19 lockdown. This will inadvertently filter down from retail to cellars, farms and the close to 300 000 persons employed by the wine value-chain and their families.
The industry is working closely with the major financial institutions to find ways to relief the economic pressure that wine-related businesses currently face.
If you are in need of financial assistance, follow these resources:
- Summary of COVID-19 Relief Funding/Loan Packages Offered – Agbiz (April 2020)
- Loan Guarantee Scheme – SA Reserve Bank & Banking Association of South Africa (12 May 2020)
- Debt Relief Finance Scheme – Department of Small Business Development (April 2020)
- Financial Support Schemes during COVID-19 – Western Cape Department of Agriculture (14 April 2020)