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KWV gains new investors

By , 7 May 2024

KWV La Concorde
La Concorde, KWV’s head office in Paarl.

Producer-wholesaler KWV has announced that while it will continue to be majority owned by Vasari Beverages, the company will be joined by Masimong Group and Rand Merchant Bank, through its Family Office Group Solutions Business, as new shareholders.

Masimong Group, led by chairperson Mike Teke, is a diversified investment company that is majority black-owned and controlled.

RMB is a corporate and investment bank and is a division of First Rand Bank Limited, publicly traded on the Johannesburg Stock Exchange and has a long-standing partnership with the Masimong Group.



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