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Archive for April, 2011

Apr 18 2011

Big, getting bigger

Published by under Europe,More News,People

Big already, but destined to be bigger still. Probably much bigger. In the big pond. A product of Cape Town and (I think) Stellenbosch. Proof that Stellenbosch is more than rugby. And women. And wine. Making waves in the German media and in German concert halls. Now living in Munich: Stefan Temmingh.

This dude is great. Check out his (many) videos on YouTube. For instance, The Gentleman’s Flute and Vivaldi. Wow!

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Apr 12 2011

Why Cape Town hotels are going bust

Published by under More News,Opinion,South Africa

Do you have money tied up in a B&B, or boutique hotel under-performing due to disappointing foreign tourist numbers to SA? Here lies the source of all your problems:

http://www.fin24.com/Markets/Commodities/Supply-fears-bolster-commodities-20110411

In case you can’t bring two and two together, the world’s hunger for the stuff SA’s mining sector produces, is holding the rand at levels it should long have waved goodbye to. In turn, that makes SA a far-too-expensive destination for the average European tourist.

Important: the difficulties encountered by SA’s tourism industry has nothing (or very little) to do with the industry and the players in the industry. It has to do with the rand and the authorities responsible for managing its level, ie. the SA Reservebank and (indirectly) the SA government.

If the rand was a true reflector of inflation differentials between SA and Europe, then it would today have moved in a band between R12 and R13 per euro. Not R9,70.

The global hunger for commodities is killing off SA’s export economy and its tourism sector.

 

 

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Apr 12 2011

On threshold of Armsgate breakthrough?

The stalemate in the Armsgate saga, starring SA’s ex-president Thabo Mbeki and featuring bribes for arms, will only be broken from outside South Africa. That’s been my gut feel for a while. A report in today’s Financial Times Deutschland (FTD) raised my hopes in this regard. [Read on]

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Apr 10 2011

Living in Germany

Published by under Europe,People,Top Stories

The “villa” I live in with my family here in Stuttgart was a single-family residence in the 1920s. After World War II it was re-built into 5 “Wohnungen” (flats) and the flats sold off. A few weeks ago an American family moved in below us. [Read on]

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