FINANCIAL services group Nedcor Investment Bank announced in Cape Town on Friday it will invest over R650000 into the South African wine industry over the next three years. This builds on NIB’s existing investment of R265000 over the past three years. The company has agreed to cover the marketing costs of the Cape Independent Winemakers Guild in promoting SA wines internationally and domestically, a process that culminates in the Guild’s annual auction. Sales at the annual auction have grown by over 275% over five years from R418000 in 1993 to R1,58-million in 1998, representing an average price per twelve-bottle case of R1173, against R303 in 1993.