Larry Claasen
3 minute read
10 Feb 2021
7:05 am

1% of a wine farm in Western Cape for R1m

Larry Claasen

Start-up capital will provide funding for the capital projects as well as 30 months’ running costs.

Picture: AFP/GREG WOOD

Roland Peens wanted to buy a wine farm but, like most people, didn’t have deep enough pockets – especially when some 20-hectare wine farms in the Western Cape sell for no less than R31 million. Today he is known as the co-founder of WineCellar.co.za. While on a wine tour, he and Extreme Fighting Championship President Cairo Howarth reasoned that while many individuals wanted to own a wine farm, but lacked the means to buy one on their own, if they clubbed together they could use fractional ownership to each get a share of one. They approached winemaker Gordon Newton Johnson...