Cape Wine Auction raises R15m for education

Cape Wine Auction raises R15m for education

The Cape Wine Auction this year raised more than R15 million and its trust has now amassed nearly R88 million since the first auction was held in 2014.

It is regarded as one of the most significant international wine charity auctions in South Africa, uniting the industry to raise money for education in the Cape winelands.

At this year’s auction, Raymond Ndlovu was named the new chairperson of the Cape Wine Auction Trust. Having been made a trustee in 2016, Ndlovu is perfectly positioned to grow the trust, thanks to his vast experience in both business and winemaking.

Ndlovu is an investment executive at JSE-listed diversified investment holding company Remgro Limited and serves as a non-executive director on the boards of several companies, within the group.

In addition, he is a co-founder and owner of Black Elephant Vintners, an artisanal premium wine producer in Franschhoek.

So where would he like to see the Cape Wine Auction in the next five years?

“Hopefully, the auction will have extended in its two core operational domains, namely fundraising via the auction and other avenues, and impact investing, which is identifying and effecting sustainable investment in projects and with partners in the education sector in the winelands.

“With some creative effort and commitment as well as the continued goodwill and generosity of donors and partners, we could make this a global franchise,” he said.

Was he happy with the results of the 2019 auction?

“Absolutely. Despite the current depressed economic climate, this year’s result was a remarkable achievement. The bidding and auction process are largely limited to a few hours over two days. The material and moral support have always been simply overwhelming!

“The South African wine industry comprises a broad array of compassionate, patriotic and generous entrepreneurs, families and corporations.

“Education is at the epicentre of the industry’s efforts to improve the quality and standard of living for all its stakeholders – in particular, the offspring of the labour force.”

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