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Rand Rises to Highest in Week, Bond Yields Tumble on Euro Accord

The rand advanced to a more than one-week high against the dollar and yields fell to six-week lows after European leaders agreed a plan to stem the region’s debt crisis, whetting investor appetite for riskier assets. South Africa’s currency strengthened 2.1 percent to 7.8363 per dollar by 10:25 a.m. in Johannesburg from yesterday’s London close….

Cape Town named Word Design Capital 2014

  Cape Town has been named World Design Capital for the year 2014, ahead of fellow short-listed cities, Dublin and Bilbao. The sought-after accolade was awarded to the Mother City this morning at the International Design Alliance (IDA) Congress in Taipei. Executive Mayor of Cape Town, Patricia de Lille, accepted the award on behalf of Cape…