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Rainbow Nation Report Photo credit: Ted Eytan, CC BY-SA 2.0, via Wikimedia Commons What do an airline bankruptcy, a national post office bankruptcy, a Road Accident Fund bankruptcy, a city’s largest hospital burning down because the fire hydrants weren’t maintained, and parts of a nation’s oldest university destroyed by arson have in common? They all happened in the last four weeks in South Africa, the Rainbow Nation that was supposed to show the world how wonderful things would be if only whites were driven from power. 1. The end of South African Airways New SAA CEO only knowledge of a...

A designer Clifton home boasting some of the best views in Cape Town is on the market for R200m. The luxury villa is located on Nettleton Road, SA’s most expensive street with selling prices averaging between R150m-R200m. According to Jo Lombard, Seeff Atlantic Seaboard luxury market specialist, the property is marketed as ‘price on application’. However, the seller is looking to get around R200m for the property. “Whether this can be achieved in the current market remains to be seen. If R200m is achieved, it would be the most expensive Clifton home ever sold,” says Jo Lombard.