SA wine observers will be hoping that the feeding frenzy of Distell directors unloading shares on the JSE says nothing about the company’s fortunes or the state of SA drinks retail. But the last week has seen a whole shed full of shares dumped on the market by board members. Some trades:

A happy Distell director

5 April CJ Cronje R1.1 million
4 April NT Moodley R2.2 million
1 April NT Moodley R2 million
31 March MR Searle R3.3 million
30 March MR Searle R320 thousand
30 March W Buhrmann R360 thousand

Nearly R10 million worth of stock – that’s one heck of a lot of Obikwa.