Southern Skies to fund CyberCellar turnaround
Southern Skies Investment Holdings will provide funding and business expertise to help CyberCellar return to profitability, and then scale to capitalise on the wine e-commerce opportunity. The SA wine industry is making a comeback after facing serious challenges with crippling droughts and Covid-19 lockdowns. Exports have recovered to a healthy 388 million litres (R10.2-bn) vs 420 million litres (R9.1-bn) in 2018, which was the last ‘normal’ year.