Simon’s Town Real Estate News

Big Mac Index And Other Good News

   Do you know?

According to the The Economist’s research South Africa has the forth cheapest Big Mac Burger in the world and our implied exchange rate to the US dollar should be R4.75 and not R7.50.

While writing on the implications of a high exchange rate I got to read a positive article on South Africa. It stopped me in my tracts and it made me change my view. I want to share the article with you. Read it here.

To quote a little from the US investment guru who sings SA’s praises:

I have been to Sydney, Vancouver, and San Francisco. I love all of them. But for my money, Cape Town is the most beautiful city I have been to. Amazing mountains, blue water harbors, white sand beaches, with wineries nestled in among the mountains and valleys. The Waterfront area, where I stayed, is fun and vibrant. Again, an amazing amount of construction everywhere, especially in the waterfront area, as investors from Dubai are pouring huge sums of money into creating a massive residential/business/retail/restaurant development. There are several similar, quite large developments going up in different parts of Cape Town.

I ate dinner on Friday night at a restaurant called Baia at the Waterfront. I find I really love the better South African chardonnays. My friends know I am something of a chardonnay snob. I like the better California wineries. I was pleasantly surprised to find more than a few South African chards the equal of their US counterparts, but at a third to half the price for the same level of quality. (I should note that a decent chardonnay in London or Europe is twice the US price.)

Get the rest of the story here.

Yes. It’s not only our Big Macs that value for money. South Africa is a great place.

As I said the article changed my view. You and I may not have control over all issues but we can change the angle. For example we can focus on the pot hole or we can focus on the view. We can focus on the Big Mac Good News or we can focus on the Big Mac political view.

Have Fun

Johan Horak