A recent report suggests that the number of millionaires in South Africa is expected to increase over the next decade.
A recent report by Henley & Partners and New World Wealth shows South Africa is expected to see a significant increase in the number of millionaires over the next ten years.
In particular, Cape Town is expected to see a significant influx of HNWIs, with its current 7,400 millionaire population set to swell by 85% over the next ten years to 13,500 in 2033. In the last ten years, the Winelands region has seen a 28% increase in the number of millionaires living there, and this trend is expected to accelerate in the 2030s.
The emerging narrative among certain sectors—like the property sector—is that South Africans are returning to their homeland after a period abroad, drawn by the lower cost of living and other pull factors like weather and family. Moreover, the lifestyle offered in South Africa is among the best in the world, and it doesn’t get compromised in any way, added Golding.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: ANC-Aligned Cosatu Confirms It Is an Enemy of Unemployed South AfricansPress Release - A statement released yesterday by the ANC proxies in labour federation COSATU is a timely reminder that the ANC alliance - composed of the ANC, COSATU and the SACP - is the primary enemy of the 10 million unemployed people in South Africa.
Read more »
South Africa: DA Announces Ground-Breaking New Economic Policy to Rescue South Africans From UnemploymentPress Release - Unemployment is the single greatest crisis facing South Africa.
Read more »
South Africa: Search Continues for Survivors of Building Collapse in South AfricaThe search continued Tuesday in South Africa for workers trapped in the collapse of a multi-story building under construction outside of Cape Town that left at least four people dead.
Read more »
South Africa: SABC Editor-in-Chief Called for Security Vetting and Polygraph Before South Africa ElectionThe Committee to Protect Journalists on Monday expressed alarm that South Africa's spy agency wants to subject Moshoeshoe Monare, the editor-in-chief of the South African Broadcasting Corporation (SABC), to additional security vetting and an invasive lie-detector test ahead of the country's crucial May 29 general election.
Read more »
South Africa: Codeine Misuse - South Africa Set to Get New GuidelinesIn response to high levels of codeine abuse in South Africa, health authorities have been developing a plan to track the supply of the drug from manufacturers all the way to patients. In this Spotlight feature, Jesse Copelyn explores why people get hooked on codeine, and how the new project could combat the problem.
Read more »
South Africa: Surprise Comeback of South Africa's Ex-President Jacob Zuma Could Challenge ANCSouth Africa's ex-president Jacob Zuma is running a visible and noisy campaign for May's elections against his former party, the ruling African National Congress (ANC), another bump on a difficult road for the historical post-apartheid party.
Read more »