This particular building, named Harmonie (an Afrikaans word meaning "Harmony"), is a woman's residence filled with about 160 young students. The building was built in 1905 - which (if I recall correctly from a brief history lesson given by one of its beautiful occupants) is the oldest in Stellenbosch.
A friend and I spent some time taking photos here - it was quite beautiful and peaceful - a place that lends itself to a relaxing atmosphere, perfect for studying and daydreaming about the future.
If you're into Content Strategy, UX, or even strategic marketing, then be sure not to miss Content Strategy Forum 2012 that Kerry-Anne will be hosting at the Spier estate in Stellenbosch from 24 to 26 October 2012.