Industry / South Africa
Thandi Moves Closer To Independence
February 2009 | Company News AlertSouth African fair trade wine label Thandi is making steps to become a fully independent company within 5 years. Presently, a collection of farming communities across South Africa own two thirds of the company while the wine exporter The Company of Wine People owns the remaining third. Although independence would create the foundation for farm workers to enjoy a greater proportion of the company's profits, BMI cautions that in the near term the label may be hit by the slowdown in demand for fair trade and organic goods as the economic downturn could force many consumers to forego some of
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