Chinese Investor Buys Stake in South Africa’s Swartland Winery

Electronics entrepreneur William Wu has become the latest Chinese investor to invest in South Africa’s wine industry after buying a majority stake in Swartland Winery near Cape Town.

Wu, who came to South Africa in the early 1980s, bought a 51 percent stake in Swartland, a 66-year-old vineyard in Malmesbury that’s known for its merlot and pinotage red wines, according to an e-mailed statement. He will become the vineyard’s chairman.