Stay abreast of COVID-19 information and developments here
Provided by the South African National Department of Health
Z and Fusion V 2015
Alwyn van der Merwe
Director of Investments
Apr 09, 2018
The benefit of reaching a certain age or, shall we say, having years of experience, is that one has often quite literally seen it all. As an investment professional I have, for instance, witnessed countless new listings in the local equity market that initially capture investors’ imagination and wallets with brilliant stories, only for the excitement to fade when delivery lags behind.
The world of wine is no different – particularly as the South African wine industry is fairly young compared to those of the old world. In recent years, local wine lovers have seen new entrants explode onto the scene, with a rather alarming proportion of these failing to stay the course as the quality of their products fails to fulfil the initial promise.
One producer that has bucked the trend is De Toren, which came onto the Stellenbosch wine scene with a bang around 20 years ago. The Den Dulk family first acquired seven hectares in the Polkadraai region and two years later the rest of what is today the De Toren wine estate. They released their maiden vintage of Fusion V in 1999.
Fusion V can best be described as a Left Bank Bordeaux blend – a blend of Bordeaux cultivars, but dominated by cabernet sauvignon. When first released, it immediately made waves across the local wine world. Over the years, the wine, which has developed a reputation of being dense and plush, and of ageing well, has received several prestigious awards.
The 2015 vintage was highly acclaimed in the Stellenbosch region, revealing a truly pure and complex flavour, with aromas of blackcurrant, dried plums and a fresh floral undertone. There’s a hint of black pepper that finishes the taste sensation. The mouth-feel is smooth, and there’s no doubt that its elegant tannin structure will carry this wine into the future.
Each luxurious sip offers an exquisitely stylish departure for sophisticated connoisseur tastes. Soft as spun silk, with a lingering hint of sweet fruit on the back palate, this is a wine that will only improve with age. Your enjoyment of this vintage will certainly increase after a few years of ageing in your cellar.
The terroir of the farm has also allowed De Toren to produce merlot grapes of exceptional quality. To provide prominence to this cultivar they’ve created a so-called Right Bank Bordeaux blend, De Toren Z, with merlot as the dominant grape variety.
During a recent private tasting we had the privilege of sampling each of the cultivars individually, and none would have disappointed on their own. The merlot in particular was a big wine. However, in this case, the synergy of the sum of the parts was special.
In tasting the De Toren Z 2015, the impressive merlot is evident. Plum and blueberry lead the flavour spectrum, backed up by rose petals – which are also evident in the Fusion V. The De Toren Z is very clean and fresh, characteristics associated with merlot. Again, soft yet firm tannins provide a great mouth-feel and will provide structure for future ageing. This is a classic Right Bank blend that is hard to find in South Africa.
For more information, visit www.de-toren.com
South AfricaSouth Africa Home Sanlam Investments Sanlam Private Wealth Glacier by Sanlam Sanlam BlueStar
Rest of AfricaSanlam Namibia Sanlam Mozambique Sanlam Tanzania Sanlam Uganda Sanlam Swaziland Sanlam Kenya Sanlam Zambia Sanlam Private Wealth Mauritius
GlobalGlobal Investment Solutions
Sanlam Private Wealth (Pty) Ltd, registration number 2000/023234/07, is a licensed Financial Services Provider (FSP 37473), a registered Credit Provider (NCRCP1867) and a member of the Johannesburg Stock Exchange (‘SPW’).
All reasonable steps have been taken to ensure that the information on this website is accurate. The information does not constitute financial advice as contemplated in terms of FAIS. Professional financial advice should always be sought before making an investment decision.
Participation in Sanlam Private Wealth Portfolios is a medium to long-term investment. The value of portfolios is subject to fluctuation and past performance is not a guide to future performance. Calculations are based on a lump sum investment with gross income reinvested on the ex-dividend date. The net of fee calculation assumes a 1.15% annual management charge and total trading costs of 1% (both inclusive of VAT) on the actual portfolio turnover. Actual investment performance will differ based on the fees applicable, the actual investment date and the date of reinvestment of income. A schedule of fees and maximum commissions is available upon request.
COLLECTIVE INVESTMENT SCHEMES
The Sanlam Group is a full member of the Association for Savings and Investment SA. Collective investment schemes are generally medium to long-term investments. Past performance is not a guide to future performance, and the value of investments / units / unit trusts may go down as well as up. A schedule of fees and charges and maximum commissions is available on request from the manager, Sanlam Collective Investments (RF) Pty Ltd, a registered and approved manager in collective investment schemes in securities (‘Manager’).
Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. The manager does not provide any guarantee either with respect to the capital or the return of a portfolio. Collective investments are calculated on a net asset value basis, which is the total market value of all assets in a portfolio including any income accruals and less any deductible expenses such as audit fees, brokerage and service fees. Actual investment performance of a portfolio and an investor will differ depending on the initial fees applicable, the actual investment date, date of reinvestment of income and dividend withholding tax. Forward pricing is used.
The performance of portfolios depend on the underlying assets and variable market factors. Performance is based on NAV to NAV calculations with income reinvestments done on the ex-dividend date. Portfolios may invest in other unit trusts which levy their own fees and may result is a higher fee structure for Sanlam Private Wealth’s portfolios.
All portfolio options presented are approved collective investment schemes in terms of Collective Investment Schemes Control Act, No. 45 of 2002. Funds may from time to time invest in foreign countries and may have risks regarding liquidity, the repatriation of funds, political and macroeconomic situations, foreign exchange, tax, settlement, and the availability of information. The manager may close any portfolio to new investors in order to ensure efficient management according to applicable mandates.
The management of portfolios may be outsourced to financial services providers authorised in terms of FAIS.
TREATING CUSTOMERS FAIRLY (TCF)
As a business, Sanlam Private Wealth is committed to the principles of TCF, practicing a specific business philosophy that is based on client-centricity and treating customers fairly. Clients can be confident that TCF is central to what Sanlam Private Wealth does and can be reassured that Sanlam Private Wealth has a holistic wealth management product offering that is tailored to clients’ needs, and service that is of a professional standard.