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The South Africa 2016 Wealth Report

  • ID: 3615087
  • April 2016
  • Region: Africa, South Africa
  • 95 pages
  • New World Wealth
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FEATURED COMPANIES

  • ABSA Wealth (Barclays)
  • Belmont Asset Management
  • Grant Thornton Capital
  • Maitland
  • Prescient
  • Standard Bank Pvt Clients
  • MORE

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

Scope
- Demographics including age, city, suburb, racial and sector breakdowns of local HNWIs.
- Detailed review of local wealth management sector, including major players by AuM.
- Detailed review of local luxury and collectables industry.
- Top brokers, funds and luxury brands for local HNWIs
- HNWI and UHNWI asset allocations across 10 asset classes.
- Details on HNWI offshore funds and where they are held.
- Independent market sizing of local HNWIs across five wealth bands.
- HNWI demographic trends from 2007 to 2015, and forecasts to 2017.
- Insights into the drivers of HNWI wealth.

Key Highlights
- At the end of 2015, there were approximately 38,500 HNWIs living in South Africa, with a combined wealth of US$159 billion.
- South African HNWI volumes decreased by 10% during the review period (2007 - 2015).
- Growth was negatively influenced by a significant depreciation of the Rand against the US dollar, falling equity markets and the migration of a significant number of HNWIs out of the country.
- 2015 was a particularly poor year for SA millionaires – HNWI volumes declined by 18% during the year.
- Over the two year forecast period, the number of South African HNWIs is forecast to grow by 10%, to reach approximately 42,300 by 2017. Growth is constrained by the current electricity crisis and a rising level of government regulation in the business sector.

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FEATURED COMPANIES

  • ABSA Wealth (Barclays)
  • Belmont Asset Management
  • Grant Thornton Capital
  • Maitland
  • Prescient
  • Standard Bank Pvt Clients
  • MORE

1 Introduction
1.1 What is this Report About?
1.2 Definitions

2 Highlights

3 Wealth Sector Fundamentals
3.1 Regional landscape
3.2 Political Review
3.2.1 Political Background
3.2.2 Ruling party leaders
3.2.3 Opposition party leaders
3.2.4 Political Polling
3.3 Economic Review
3.4 Country risks
3.5 Benchmarking South Africa’s Wealth in Context
3.5.1 World statistics
3.5.2 Distribution of wealth in South Africa
3.5.3 HNWI volume and wealth trends
3.6 South Africa’s wealth scorecard

4 Findings from HNWI Database
4.1 HNWIs
4.1.1 HNWIs - Trend analysis
4.1.2 HNWIs - Trends of the wealth bands
4.1.3 HNWIs – Breakdown by city
4.1.4 HNWIs – Racial distribution
4.1.5 HNWIs - Emigration of HNWIs
4.2 Multi-millionaires
4.2.1 Multi-millionaires - Age distribution
4.2.2 Multi-millionaires – Industry breakdown
4.2.3 Multi-millionaires – Breakdown by city
4.2.4 Multi-millionaires – Breakdown by suburb
4.3 UHNWIs
4.3.1 UHNWI volume trend analysis
4.3.2 UHNWI wealth trend analysis
4.3.3 Billionaires
4.4 Core HNWIs
4.4.1 Core HNWI volume trend analysis
4.4.2 Core HNWI wealth trend analysis

5 Asset Allocation of HNWIs
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 bonds
5.1.5 Trends of investments in equity
5.1.6 Trends of investments in business interests
5.2 Alternative Breakdown: Liquid vs. Investable Assets
5.3 Analysis of UHNWI investments
5.4 Behavioral mapping of the different wealth bands
5.5 Analysis of Foreign Investments

6 The Wealth Management Sector in South Africa
6.1 Global landscape
6.2 Local landscape
6.3 Family offices spotlight
6.4 Other providers of wealth advisory services
6.5 Best ways of getting to SA HNWIs
6.5.1 Brokers
6.5.2 Direct advertising

7 South Africa luxury ratings

8 Luxury Sector
8.1 Luxury cars
8.2 Luxury brand stores
8.3 Luxury department stores
8.4 Luxury hotels
8.5 Luxury food stores

9 Case studies
9.1 Case study: The top second home hotspots for the super-rich in SA
9.2 Case study: The top estates for the super-rich in SA
9.3 Case study: Origin of foreign buyers in SA

10 Appendix
10.1 Additional Components of the Wealth Sector in South Africa
10.1.1 Exchange controls and rules on overseas bank accounts
10.1.2 Regulatory Environment in South Africa
10.1.3 Regulations on taxes
10.2 Additional background of South Africa
10.3 South Africa full HNWI breakdowns
10.4 Key Economic Drivers
10.4.1 LC to USD exchange rate
10.4.2 Real GDP growth
10.4.3 GDP per capita
10.4.4 Housing price indices
10.4.5 Commodity index
10.4.6 Inflation rate
10.4.7 Interest rate
10.4.8 Stock market performance
10.4.9 Wealth to GDP ratio

List of Tables
Table 1: South Africa: HNWI wealth band and group definitions
Table 2: South Africa: Cities by population, 2015
Table 3: South Africa: HNWIs – Volume Distribution Pyramid, 2015
Table 4: South Africa: HNWIs – Wealth Distribution Pyramid, 2015
Table 5: South Africa: HNWIs – Distribution by city, 2015
Table 6: South Africa: HNWIs – City performance, 2007 - 2015
Table 7: South Africa: HNWIs – Racial Distribution, 2015
Table 8: South Africa: HNWIs – Racial distribution trends, 2007 - 2015
Table 9: South Africa: HNWIs – Racial distribution trends, 2000 - 2015
Table 10: South Africa: Multi-millionaires – Distribution by city, 2015
Table 11: South Africa: Multi-millionaires – Most popular suburbs in Johannesburg, 2015
Table 12: South Africa: Multi-millionaires – Most popular suburbs in Cape Town, 2015
Table 13: South Africa: Local Billionaires, 2015
Table 14: South Africa: Billionaires abroad, 2015
Table 15: South Africa: HNWIs – Allocations of HNWI Assets (%), 2007-2017
Table 16: South Africa: HNWIs – Wealth Holdings Growth (%), 2007–2017
Table 17: South Africa: HNWIs – Alternative Asset Composition (US$ billion), 2007–2017
Table 18: South Africa: HNWIs – Alternative Asset Composition (%), 2007–2017
Table 19: South Africa: HNWIs – Trends in Alternative Assets (% growth), 2007–2017
Table 20: Global: HNWIs – Trends in Art, Wine and Wheels, 2007 - 2015
Table 21: South Africa: Top selling super-luxury watch brands in SA (men only), 2015
Table 22: Africa: Major cities ranked by US$ per square meter, 2015
Table 23: South Africa: HNWIs – Top foreign second homes hotspots for SA HNWIs, 2015
Table 24: South Africa: HNWIs – Liquidity Breakdown (%), 2007–2017
Table 25: South Africa: HNWIs – Liquidity Breakdown (US$ Billion), 2007–2017
Table 26: South Africa: UHNWIs – Allocations and share of HNWI Assets, 2015
Table 27: Global: Centers for wealth management, 2015
Table 28: South Africa: Largest locally based wealth management companies by local AuM, 2015
Table 29: South Africa: Major foreign wealth management companies operating in SA, 2015
Table 30: South Africa: Other companies that provide wealth services, 2015
Table 31: South Africa: Top rated equity funds, 2015
Table 32: South Africa: Top rated brokers, 2015
Table 33: South Africa: Top rated hotels, 2015
Table 34: South Africa: Top rated small boutique hotels, 2015
Table 35: South Africa: Top rated timeshares, 2015
Table 36: South Africa: Top rated clothing & accessory brands (men only), 2015
Table 37: South Africa: Top rated clothing & accessory brands (woman only), 2015
Table 38: South Africa: Top rated luxury car brands, 2015
Table 39: South Africa: Super-luxury watch ratings (men only), 2015
Table 40: South Africa: Top selling luxury cars, 2015
Table 41: South Africa: Luxury Brand Stores, 2015
Table 42: South Africa: Upcoming Luxury Brand Stores, 2015
Table 43: South Africa: Luxury Department Stores, 2015
Table 44: South Africa: Luxury Food Stores, 2015
Table 45: South Africa: Second home hotspots for the super-rich (towns), 2015
Table 46: South Africa: Top estates for super-rich residents, 2015
Table 47: South Africa: Top estates for super-rich second homes, 2015
Table 48: South Africa: Foreign investment in SA real estate, 2007–2017
Table 49: South Africa: Appendix One
Table 50: South Africa: Appendix Two
Table 51: South Africa: LC to USD Exchange Rate, 2007–2017
Table 52: South Africa: Real GDP Growth, 2007–2017
Table 53: South Africa: GDP Per Capita (US$ terms), 2007–2017
Table 54: South Africa: Housing Price Index (US$ terms), 2007–2015
Table 55: Global: Commodity Indices (US$ terms), 2007–2017
Table 56: South Africa: Inflation rate, 2007–2017
Table 57: South Africa: Interest Rate, 2007–2017
Table 58: South Africa: Stock Market Performance (US$ terms), 2007–2015
Table 59: South Africa: HNWI Wealth to GDP Ratio, 2007–2015

List of Figures
Figure 1: South Africa: Map of country
Figure 2: South Africa: Asset Price Performance (US$ terms), 2007–2015
Figure 3: South Africa: HNWIs – Wealth & Volume Performance, 2007–2017
Figure 4: South Africa: HNWIs – Growth Factor Correlation, 2007–2015
Figure 5: South Africa: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2015
Figure 6: South Africa: Multi-millionaires – Age Distribution, 2015
Figure 7: South Africa: Multi-millionaires – Distribution by Industry, 2015
Figure 8: South Africa: HNWIs – Asset Class Composition, 2007–2017
Figure 9: South Africa: HNWIs – Investments in Alternative Assets (US$bn), 2007–2017
Figure 10: Global: HNWIs – Trends in Art, Wine and Wheels, 2007 - 2015
Figure 11: South Africa: HNWIs – Liquidity Breakdown of Investable Assets (%), 2007–2017
Figure 12: South Africa: UHNWIs – Asset Class Composition, 2007–2017
Figure 13: South Africa: HNWIs - Behavioral Mapping of HNWIs, 2015
Figure 14: South Africa: LC to USD Exchange Rate, 2007–2015
Figure 15: South Africa: Real GDP Growth (%), 2007–2015
Figure 16: South Africa: GDP Per Capita (US$ terms), 2007–2015
Figure 17: South Africa: Housing Price Index (US$ terms), 2007–2015
Figure 18: Global: Commodity Indices (US$ terms), 2007–2015
Figure 19: South Africa: Inflation rate, 2007–2015
Figure 20: South Africa: Interest Rate, 2007–2015
Figure 21: South Africa: Stock Market Performance (US$ terms), 2007–2015
Figure 22: South Africa: HNWI Wealth to GDP Ratio, 2007–2015

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- Bay Wealth Management (BWM)
- Bayswater Capital
- Belmont Asset Management
- Brenthurst Wealth
- Carrick Wealth
- Citadel
- Credit Suisse
- Credo Group
- Equity Trust Group
- Grant Thornton Capital
- Investec
- Investment Solutions
- K2 Capital
- Keystone Wealth
- LPJ Financial services
- Liberty Life Group
- MUA Insurance
- Maitland
- Momentum Group
- NFB Private Wealth
- Nedbank / BoE
- Old Mutual Wealth
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- Prescient
- Private Client Holdings
- Progressive Wealth
- RMB
- Reitway Global
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- Standard Bank Pvt Clients
- Stead Wealth
- Stenham
- Sterling Private Wealth
- Stonehage
- Summit Financial Partners
- Talaria Wealth (previously Cheryl Howard and Ass.)
- UBS
- Vital Consult
- Warwick Wealth

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