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The South Africa 2014 Wealth Report - Product Image

The South Africa 2014 Wealth Report

  • ID: 2783059
  • April 2014
  • Region: Africa, South Africa
  • 125 Pages
  • New World Wealth

FEATURED COMPANIES

  • Barclays (ABSA Wealth)
  • Credit Suisse
  • Hugo Boss
  • Maitland
  • Old Mutual Wealth
  • Sable Wealth Management
  • MORE

This report provides a comprehensive review of the wealth sector in South Africa, including HNWI trends, wealth management trends and luxury trends in the country.

Scope

- Independent market sizing of local HNWIs across five wealth bands.
- HNWI volume, wealth and allocation trends from 2007 to 2013.
- HNWI volume, wealth and allocation forecasts to 2017.
- HNWI and UHNWI asset allocations across 16 asset classes.
- Details on offshore funds and where they are held.
- Demographics including age, gender, racial, city and sector breakdowns of HNWIs.
- Review of local wealth management industry.
- Review of local luxury and collectables industry.
- Insights into the drivers of HNWI wealth.

Key Highlights

- South Africa has the highest number of HNWIs in Africa. As of 2013, there are over 48,700 HNWIs in South Africa, with a combined wealth of US$200 billion, accounting for roughly 35% of South Africa's total individual wealth (US$570 billion).
- In 2013, equities were the largest asset class for HNWIs in South Africa (28% of total HNWI assets), followed by real estate (20%), business interests (16%), cash (15%), fixed income (14%) and alternatives (6.6%).
- Financial services' is the main industry from which South Africa's UHNWIs have acquired their wealth – it is the primary source of wealth for 16% of UHNWIs.
- Investec is the largest private bank in SA by local AuM, followed by RMB and then BoE (Nedbank).
- The luxury sector in South Africa generated over US$3.0 billion in revenue in 2013. Luxury sector sales increased by over 30% during the review period.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Barclays (ABSA Wealth)
  • Credit Suisse
  • Hugo Boss
  • Maitland
  • Old Mutual Wealth
  • Sable Wealth Management
  • MORE

1 Introduction

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background to South Africa
3.2 Economic Background to South Africa
3.3 Benchmarking South Africa's Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in SA
3.3.3 HNWI volume and wealth trends

4 Findings from the New World Wealth HNWI Database
4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 HNWIs - Age distribution
4.1.4 HNWIs - Racial & gender distribution
4.1.1 HNWIs – Breakdown by city
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs – Industry breakdown
4.2.5 UHNWIs – Breakdown by city
4.2.6 UHNWIs – City performance
4.2.7 UHNWIs – Population densities
4.2.8 UHNWIs – Johannesburg
4.2.9 UHNWIs – Cape Town
4.2.10 UHNWIs – Other Wealthy Suburbs of South Africa
4.3 UHNWIs – Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs – Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.4.4 List of top centimillionaires
4.5 UHNWIs – Affluent millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.6.2 Core HNWI wealth trend analysis
4.7 Core HNWIs – Mid-tier millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs – Lower-tier millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis

5 Analysis of South African HNWI investments
5.1 Analysis by Asset Class
5.1.1 Trends in alternative assets
5.1.2 Trends in “art, wine and wheels”
5.1.3 Trends of investments in real estate
5.1.4 Trends of investments in cash and deposits
5.1.5 Trends of investments in fixed income
5.1.6 Trends of investments in equity
5.1.7 Trends of investments in business interests
5.2 Analysis of Foreign Investments
5.2.1 Trend of investments in Europe
5.2.2 Trend of investments in Asia-Pacific region
5.2.3 Trend of investments in North America (including Caribbean & Bermuda)
5.2.4 Trend of investments in the rest of Africa
5.3 Alternative Breakdown: Liquid vs. Investable Assets
5.4 Analysis of South African UHNWI investments

6 The Wealth Sector in South Africa
6.1 Competitive Landscape
6.1.1 Private banks
6.1.2 Wealth managers
6.1.1 Investment Thresholds
6.1.2 Family offices
6.1.3 Wealth advisors
6.2 Wealth Management Industry – Clientele Model and Maturity
6.3 Behavioral Mapping of Wealth Management Industry in South Africa
6.4 Porter's Five Force Analysis – Wealth Management Industry in South Africa
6.5 Other Financial Services Review
6.5.1 Fund Management
6.5.2 Retail banks
6.5.3 Pension Fund Industry

7 Luxury Sector in South Africa
7.1 Luxury Cars
7.2 Luxury Food Stores
7.3 Luxury Brand Stores
7.4 Luxury Department Stores
7.5 Men's Watches
7.6 Local Luxury Brands
7.7 Hotel and Restaurant Ratings

8 Appendix
8.1 Additional Components of the Wealth Sector in South Africa
8.1.1 Philanthropy
8.1.2 ‘Black Economic Empowerment' (BEE) and ‘Previously Disadvantaged Groups'
8.2 Regulatory Environment in South Africa
8.2.1 Exchange controls
8.2.2 Banking regulations
8.2.3 Regulations on taxes
8.2.4 Regulations on property and inheritance
8.3 Additional background of South Africa
8.4 Key Economic Trends and Drivers
8.4.1 LC to USD exchange rate
8.4.2 Real GDP growth
8.4.3 GDP per capita
8.4.4 Domestic market capitalization
8.4.5 Housing price indices
8.4.6 Commodity index
8.4.7 Foreign direct investment
8.4.8 Inflation rate
8.4.9 Interest rate
8.4.10 Balance of payments
8.4.11 Stock market performance
8.5 Wealth breakdowns

9 About New World Wealth

LIST OF TABLES

Table 1: HNWI wealth band and group definitions
Table 2: Major regions in South Africa, 2013
Table 3: Largest cities in South Africa, 2013
Table 4: HNWIs – Volume Distribution Wealth Pyramid, 2013
Table 5: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2013
Table 6: HNWIs – Racial Distribution, 2007–2013
Table 7: South Africa's Wealthiest Woman, 2013
Table 8: South Africa's 10 Wealthiest Africans, 2013
Table 9: HNWIs – Top South African Cities for millionaires, 2013
Table 10: HNWIs – City Performance, 2007–2013
Table 11: UHNWIs – Top Sectors for UHNWIs in Major Cities, 2013
Table 12: UHNWIs – Top South African Cities for UHNWIs, 2013
Table 13: UHNWIs – City Performance, 2007–2013
Table 14: UHNWIs – UHNWI Population Density in Major Cities, 2013
Table 15: UHNWIs – Johannesburg, UHNWIs by Suburb, 2013
Table 16: UHNWIs – Cape Town, UHNWIs by Suburb, 2013
Table 17: UHNWIs – Other Wealthy Suburbs, 2013
Table 18: UHNWIs – Billionaires – Market Overview, 2007–2017
Table 19: Billionaire List, 2013
Table 20: Billionaire Wealth Change, 2012 - 2013
Table 21: Centimillionaires – Market Overview, 2007–2017
Table 22: Centimillionaire List Part 1, 2013
Table 23: Centimillionaire List Part 2, 2013
Table 24: Affluent Millionaires – Market Overview, 2007–2017
Table 25: Core HNWIs – Mid-Tier Millionaires – Market Overview, 2007–2017
Table 26: Core HNWIs – Lower-Tier Millionaires – Market Overview, 2007–2017
Table 27: HNWIs – Allocations of HNWI Assets (%), 2007-2017
Table 28: HNWIs – HNWI Holdings Growth (%), 2007–2017
Table 29: HNWIs – Allocations of HNWI Assets (US$ billion), 2007-2017
Table 30: HNWIs – Trends of Investments in Alternative Assets (%), 2007–2017
Table 31: HNWIs – Alternative Asset Composition (%), 2007–2017
Table 32: Global: Trends in “Art, Wine and Wheels”
Table 33: Global: Prime Residential Real Estate Prices (US$ per square meter), 2013
Table 34: HNWIs – Foreign Real Estate Investment in South Africa, 2007–2017
Table 35: Global: Prime International Cities Performance (%), 2007–2013
Table 36: HNWIs – Number of millionaire homes per suburb, Cape Town, 2013
Table 37: HNWIs – Number of millionaire homes per suburb, Johannesburg, 2013
Table 38: HNWIs – Number of millionaire homes, Other Areas, 2013
Table 39: HNWIs – % Foreign allocation, 2007–2017
Table 40: HNWIs – Liquidity Breakdown (%), 2007–2017
Table 41: HNWIs – Liquidity Breakdown (US$ Billion), 2007–2017
Table 42: UHNWIs – Allocations and Share of HNWI Assets, 2013
Table 43: Major Private Banks ranked by local AuM (US$ Billion), 2013
Table 44: Major Wealth Managers ranked by local AuM (US$ Billion), 2013
Table 45: Private Banks in South Africa, 2013
Table 46: Local Wealth Managers by local AuM, 2013
Table 47: Other Local Wealth Managers, 2013
Table 48: Foreign Wealth Managers Operating in South Africa, 2013
Table 49: Investment Thresholds, 2013
Table 50: Family Offices, 2013
Table 51: Wealth Advisors in South Africa, 2013
Table 52: The largest unit trusts in South Africa, 2013
Table 53: Top selling luxury cars in South Africa, 2013
Table 54: Luxury Food Stores in South Africa, 2013
Table 55: Luxury Brand Stores in South Africa, 2013
Table 56: Upcoming Luxury Brands in South Africa, 2013
Table 57: Luxury Department Stores in South Africa, 2013
Table 58: Ultra-luxury men's watches in South Africa, 2013
Table 59: Local luxury brands in South Africa, 2013
Table 60: Top Rated Hotels in South Africa, 2013
Table 61: Top Rated Safari Lodges in South Africa, 2013
Table 62: Top Rated Fine Dining in South Africa, 2013
Table 63: Top Rated General Dining in South Africa, 2013
Table 64: Tax Structure for Individuals in South Africa, 2013
Table 65: LC to USD Exchange Rate, 2007–2017
Table 66: Real GDP Growth, 2007–2017
Table 67: GDP Per Capita, 2007–2017
Table 68: Domestic Market Capitalization
Table 69: Housing Price Index (US$ terms), 2007–2013
Table 70: Commodity Indices, 2007–2017
Table 71: Foreign Direct Investments, 2007–2017
Table 72: Inflation rate, 2007–2017
Table 73: Interest Rate, 2007–2017
Table 74: Balance of Payments, 2007–2013
Table 75: Stock Market Performance (US$ terms), 2007–2013
Table 76: HNWI Wealth to GDP Ratio, 2007–2017
Table 77: Appendix One
Table 78: Appendix Two

LIST OF FIGURES

Figure 1: HNWI wealth band definitions
Figure 2: Map of South Africa
Figure 3: Asset Price Performance, 2007–2013
Figure 4: South African HNWI Performance, 2007–2017
Figure 5: HNWIs – South Africa vs The World, 2007–2017
Figure 6: HNWIs – Growth Factor Correlation, 2007–2013
Figure 7: HNWIs – Volume Distribution Wealth Pyramid, 2013
Figure 8: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2013
Figure 9: HNWIs – Age Distribution, 2013
Figure 10: HNWIs – Racial Distribution, 2007–2013
Figure 11: UHNWIs – Wealth Share Vs Volume Growth, 2007–2013
Figure 12: UHNWIs – Volume by Wealth Band, 2007–2017
Figure 13: UHNWIs – Wealth by Wealth Band (in US$ billion), 2007–2017
Figure 14: UHNWIs – Age Distribution (% Share), 2013
Figure 15: UHNWIs – Distribution by Industry, 2013
Figure 16: UHNWIs – City Performance, 2007–2013
Figure 17: UHNWIs – Billionaires – Market Overview, 2007–2017 40
Figure 18: Centimillionaires – Market Overview, 2007–2017
Figure 19: Affluent Millionaires – Market Overview, 2007–2017
Figure 20: Core HNWIs – Mid-Tier Millionaires – Market Overview, 2007–2017
Figure 21: Core HNWIs – Lower-Tier Millionaires – Market Overview, 2007–2017
Figure 22: HNWIs – Asset Class Composition, 2007–2017
Figure 23: HNWIs – Trends of Investments in Alternative Assets (in US$ billion), 2007–2017
Figure 24: Global: Trends in “Art, Wine and Wheels”
Figure 25: HNWIs – Foreign Investment Allocation and Growth by Asset Class (%), 2013–2017
Figure 26: HNWIs – Global Distribution of Foreign Investments, 2007–2017
Figure 27: HNWIs – Liquidity Breakdown (%), 2007–2017
Figure 28: UHNWIs – Asset Class Composition, 2007–2017
Figure 29: Wealth Management Industry Pyramid
Figure 30: South African Wealth Management Industry – Behavioral Mapping, 2013
Figure 31: LC to USD Exchange Rate, 2007–2017
Figure 32: Real GDP Growth (%), 2007–2017
Figure 33: GDP Per Capita, 2007–2017
Figure 34: Domestic Market Capitalization
Figure 35: Housing Price Index (US$ terms), 2007–2013
Figure 36: Commodity Indices, 2007–2017
Figure 37: Foreign Direct Investments, 2007–2017
Figure 38: Inflation rate, 2007–2017
Figure 39: Interest Rate, 2007–2017
Figure 40: Balance of Payments, 2007–2013
Figure 41: Stock Market Performance (US$ terms), 2007–2013
Figure 42: HNWI Wealth vs GDP Ratio, 2007–2017
Figure 43: HNWIs – Volume by Wealth Band, 2007–2017
Figure 44: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007–2017
Figure 45: HNWIs – Per Capita Net Worth (US$ million), 2007–2017

Note: Product cover images may vary from those shown

- Barclays (ABSA Wealth)
- BoE Private Clients
- Brenthurst Wealth
- Citadel
- Credit Suisse
- Credo Group
- Fairbairn
- Ferrari
- Hugo Boss
- Investec
- Kleinwort Benson
- L'Occitane
- Maitland
- Maserati
- Mont Blanc
- Nedbank Private Wealth
- Old Mutual Wealth
- PSG Konsult
- Porsche
- RMB
- Sable Wealth Management
- Sanlam (SPI)
- Standard Bank
- Stead Wealth
- Stenham
- Stonehage
- Swarovski
- Tag
- UBS

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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