Economics

Jet Set Follow Kardashian Trail to Cape Town as Slums Erupt

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Ex-banker Paul Harris added a 50,000 rand ($4,641) a night villa to his Cape Town hotel as the city Nelson Mandela gazed at from his island prison lures an increasing number of millionaire tourists.

Harris, 64, who quit as chief executive officer of FirstRand Ltd. five years ago, opened the extension with a 7,500-bottle wine cellar and whiskey lounge in November. About 95 percent of his guests are from outside South Africa and have included Kim Kardashian and Oprah Winfrey, he said.