The sub-Saharan economy is doing well, very well. The economy grew with 5,4% in 200. South Africa is an exception with a collapsing economy. Some people like Mr. Wayne McCurrie believe in their naivity all will be well again. My personal views on South Africa are very black, especially real estate wise and the political troubles don't really help. The ANC indeed needs more people with humility.
Cape Town Property Bubble used to be a good source to keep an eye on the crashing South African real estate market, but the editor fell asleep. I wished he published as frequent as the Belgian real estate property bubble blog. This blog on the South African Real Estate market is a good alernative. The South African real estate market was one of the first worldwideto show cracks and will be one of the last markets to gain stability.
I am not sure that SA showed crakcs first. People in the industry knew that the American real estate market was starting to fail.
Posted 16 years ago