Just as South Africa wakes up to the fact that the residential property bubble has burst and prices are falling, another property sector, the commercial sector, is about to hear the sound of pawpaw hitting the fan.Like the residential bubble, the mainstream media has all but ignored the fact that the commercial property market was built on easy credit and lax lending standards. As Noseweek details in this months issue, the good times are over and banks are facing massive writeoffs. Original … [Read more...]

It's time again for the Saturday Open Thread. Original Post on Cape Town Property Bubble: Saturday Open Thread … [Read more...]

After my recent fantastic exprience with a food a wine pairing at Rust en Vrede, I’ve been quite keen to try out some others. My next experience at Overture was not as good, but still excellent value. Last night I went to the first in the series of food and wine pairings at the <a href="http://www.mountnelson.co.za/web/ocap/cape_colony_restaurant.jsp" target="_blank">Cape Colony restaurant in the <a href="http://www.mountnelson.co.za/web/ocap/mount_nelson_Hotel.jsp" … [Read more...]