South Africa Wine Industry Labor Costs a Growing Risk, PwC Says
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The biggest risk to South Africa’s wine industry is increasing power and labor costs in the wake of strikes this year that boosted minimum wages, PricewaterhouseCoopers LLP’s local unit said.
“Given recent labor-related issues experienced in the agri-sector, as well as persistent increases in energy costs, it is not surprising to see labor and electricity as the expenses that executives are most concerned about over the next 12 to 36 months,” the Johannesburg-based unit of PricewaterhouseCoopers said in a report released today.