Ex-FNB boss invests in wine startup

Tuesday, 6 October, 2015
Duncan Alfreds, Fin 24 Tech
Former First National Bank CEO Michael Jordaan has announced an investment in local online wine retailer Port2Port.

Jordaan has invested an undisclosed amount in the startup. He tweeted the announcement through Montegray Capital, which is his startup investment vehicle.

Meanwhile, Jordaan is also expected to take a directorship at Port2Port.

“Mr Jordaan’s involvement is not limited to the financial but will more importantly include a mentorship role as a director of the company,” Nicolò Stortiglione Pudel, spokesperson for Port2Port, told Fin24.

Port2Port sells premium wines with its best sellers at over R200 per bottle.

To readmore, click here

wine.co.za