Goldman Sachs downgraded its rating of shares in Constellation Brands from “buy” to “neutral” last week, causing its value to slide by 1.2% on Monday. The stockbroker also downgraded Boston Beer Co., rating its stocks as ‘to sell’, causing its value to drop by 5%.
According to CNBC, both downgrades were prompted by slowing US beer volumes, which have been further impacted not only by an overall drop in alcohol consumption, but also a shift away from beer and toward wine by millennials.
Widely known as Mr Chenin Blanc, Ken Forrester is a charismatic and tireless ambassador for South Africa’s unofficial national grape, and his drive and determination have increased international exposure for this underrated variety.
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T&C wine critic Jay McInerney returns to South Africa after a 12-year hiatus and finds that the quality of the wine matches the beauty of the region.
Last November I attended the sixth annual Celebration of Chardonnay at the De Wetshof Estate, in South Africa’s Robertson Valley. When I last visited South Africa, in 2004, I was more impressed by the beauty of its wine regions than by the wines themselves, but this time I was amazed at the progress that has been made. South African wine represents extraordinary value, and I tasted quite a few truly thrilling wines, including many exceptional chardonnays.
The judges are drawn from all over the world and are considered the best palates in the business. SA wine fundi Fiona McDonald is the Regional Chair for South Africa and well known sommelier—head of the Sommelier Association of SA—Higgo Jacobs is one of the judges on the panel.
This year two SA wines were voted Best in the World at the Awards, a no mean feat when one considers the competition.
Anthonij Rupert Wyne has introduced another first for South Africa, a premium Provençal style rosé that pays homage to Jean Roi, the French Huguenot from Provence who pioneered the L’Ormarins Wine Estate’s 300-year-old viticultural history.