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...]
The Commercial Property Bubble Is About To Burst
31 May, 2009 By
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Kommetjie Mass Whale Beaching
31 May, 2009 By
On 30th May, 2009 Ian Klopper, NSRI Kommetjie station commander said: "At 07h32 NSRI Kommetjie were activated following eye-witness reports of two whales found beached and alive at Long Beach, Kommetjie. Marine and Coastal Management were alerted while our NSRI volunteers responded to the scene to investigate. On arrival on-scene our NSRI volunteers were met by approximately 7 False Killer Whales already beached and a large group of False Killer Whales in the process of beaching along Long … [Read more...]
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