Cape Town – The Constantia Uitsig wine estate, in which businessman Tokyo Sexwale has a stake, is up for sale, the Sunday Times reported.
“We decided it’s better to sell and concentrate on our agricultural investment in which we are operationally involved,” Piet Niemand, who is agricultural portfolio manager at Sexwale’s Mvelephanda Holdings, reportedly told the newspaper.
The estate was also reportedly owned by a company run by former merchant banker Dave McCay.
According to the newspaper, Constantia Uitsig chairman Lawrie McIntosh said the decision to sell was based on McCay and his wife wanting a more restful life after his kidney transplant last year.
“It is exhausting to run an estate this size,” McIntosh was quoted as telling the newspaper.
New vines were planted at the estate in 1988. There are also reportedly acclaimed restaurants, a boutique hotel, a spa, stables and a cricket pitch on the property. – Sapa