THIS year’s AfrAsia Bank charity Cape Wine Auction at the weekend raised R15m for education in the Cape Winelands, the bank said on Monday.
Every cent raised, without offset or deductions, goes to 19 nongovernmental organisations in the Cape Winelands that are dedicated to furthering education, training and life skills.
The first-ever bottle of Touch Warwick Cabernet Sauvignon 2014 to be sold was auctioned at R1.3m, breaking a record, and R1.25m was paid for a Port 2 Fino lot, sponsored by Port2Port.
"The 2016 AfrAsia Bank Cape Wine Auction once again proved why it is a globally identified auction event," said trustee Mike Ratcliffe, MD of Warwick Wine Estate & Vilafonte. "We are so fortunate to have a supportive presence from international audiences and media who are willing to be part of a great cause, which allows us to hearten and promote the education of underprivileged youth in the Cape Winelands."
The 2016 event was the third such auction. The Cape Wine Auction Trust was created in 2014 to assist education in the Cape Winelands, with the trustees and PwC jointly responsible for funds allocation.
Metro FM DJ Nandi Ganda and fashion designer David Tlale attended the 2016 AfriAsia Bank Cape Wine Auction, which raised R15-million for education in the Cape Winelands. Picture: SUPPLIED
THIS year’s AfrAsia Bank charity Cape Wine Auction at the weekend raised R15m for education in the Cape Winelands, the bank said on Monday.
Every cent raised, without offset or deductions, goes to 19 nongovernmental organisations in the Cape Winelands that are dedicated to furthering education, training and life skills.
The first-ever bottle of Touch Warwick Cabernet Sauvignon 2014 to be sold was auctioned at R1.3m, breaking a record, and R1.25m was paid for a Port 2 Fino lot, sponsored by Port2Port.
"The 2016 AfrAsia Bank Cape Wine Auction once again proved why it is a globally identified auction event," said trustee Mike Ratcliffe, MD of Warwick Wine Estate & Vilafonte. "We are so fortunate to have a supportive presence from international audiences and media who are willing to be part of a great cause, which allows us to hearten and promote the education of underprivileged youth in the Cape Winelands."
The 2016 event was the third such auction. The Cape Wine Auction Trust was created in 2014 to assist education in the Cape Winelands, with the trustees and PwC jointly responsible for funds allocation.
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