Joburg vs Cape Town: The luxury spending tale of two cities
When it comes to the second-hand luxury market, Johannesburg has reaffirmed its status as a lover of more showy and loud luxury brands, while Capetonians prioritise luxury brands that offer a return on investment, and time pieces that trade at high discount prices.
This is according to Michael Zahariev - co-founder of Luxity, South Africa's largest online store for pre-owned luxury goods - who delved deeper into the preferences of the elite in these two cities. Zahariev revealed that Capetonians appear to be making investment choices when it comes to their pre-owned luxury purchases, going for brands such as Chanel and Cartier.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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