We will commence the evening with a wine tasting hosted by acclaimed winemakers, Adi Badenhorst and Duncan Savage, before Michael shares his latest views on the global economic and political landscape.
The unexpected result of the Brexit Referendum – the majority of British voters elected to say “Stop the world, we want to get off” even though the British political elite across the left-to-right spectrum urged them to stay aboard the European Union – has crystallised a series of underlying social and political trends in the West which have been coalescing for a number of years. Investors can no longer ignore the fact that globalization is creating profound – and negative – pressures in the Western World. These pressures will be echoed in the biggest political event of the year 2016, the US Presidential Election on November 8th. They may even influence the outcome of the December 2016 Italian Referendum..
Michael Power will be in the US to cover their game-changing election. His talk will centre on identifying the economic and political consequences of who wins the race to the White House and which side gains control of the US Senate, the US House of Representatives and by extension the US Supreme Court.
Furthermore, he will address the growing backlash against globalization and suggest what it might mean for not just the US and Britain but the European Union, China and other Emerging Markets, including South Africa. He will examine this proposition both from a domestic perspective and from the vantage point of how foreigners are reassessing their long-standing views of these various regions. He will also discuss the implications of these pressures for the prevailing narrative of free movement of trade and capital that has long dominated global financial markets.
He will conclude by highlighting what all this means when considering the strategic rationale that must henceforth underlie the construction of a global investment portfolio.
Andre Adriaan (Adi) Badenhorst’s grandfather was the general manager at Groot Constantia for 46 years. His father was born there and farmed on neighboring Buitenverwachting and Constantia Uitsig for many years. Adi grew up between the vineyards and spent his time picking (stealing) grapes. “It all started when Jean Daneel, then winemaker at Buitenverwachting, let me make my first wine when I was thirteen,” Adi recalls.
After completing his studies at Elsenburg, Adi worked a few harvests at Chateau Angelus, Alain Graillot in the north Rhone, France and Wither Hills in New Zealand and did stints at local cellars Simonsig, Steenberg, Groote Post and nine years as winemaker at the esteemed Stellenbosch estate, Rustenberg.
In 2008 he packed it all in and bought a 60-hectare piece of land in the Paardeberg with his cousin Hein. They now proudly farm together, practice biological farming and make natural wines in the traditional manner.
On Kalmoesfontein it is back to basics, using traditional winemaking equipment and old cement kuipe. “We make wines with immense character. We’re using what we can afford. We are making the best wines we can. And we are having great experiences. I want to make something, involving interaction from my family.”
Today Adi Badenhorst is an award winning winemaker, member of the Cape Winemakers Guild, founding member of the Swartland Revolution and Swartland Independent, proud dad to Samuel Sunnyskies & Ana Kalander and ever evolving Vigneron.
After graduating in 2002 Duncan was approached by Cape Point Vineyards owner, Sybrand van der Spuy, who offered Duncan the position of winemaker. Duncan jumped at the opportunity especially as his outdoor hobby was (and is) surfing which meant he would have Noordhoek beach close by!
With 11 vintages under his belt, he realised it was time to fulfil his lifelong dream which was to make a range of wines under his family name before he turned 35! With Cape Point Vineyards’ blessing, allowing Duncan to divide his time at Cape Point, he achieved this albeit a few months after his 35th birthday!
Savage has garnered much praise over the years in his role at Cape Point, the estate’s wines frequently achieving top marks from international critics.
In May 2016, Duncan left Cape Point to concentrate on his own Savage Wines label which, despite only launching in 2013, has already begun to acquire something of a cult status.