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The South Africa 2017 Wealth Report

  • ID: 4091907
  • Report
  • March 2017
  • Region: South Africa
  • 71 pages
  • New World Wealth
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FEATURED COMPANIES

  • ABSA Wealth (Barclays)
  • Bentley
  • Ferrari
  • Maitland
  • Old Mutual Wealth
  • Rolls Royce
  • MORE

South Africa is the largest wealth market in Africa. This report covers wealth, luxury, prime property, collectable and wealth management trends in South Africa from 2006 to 2016, with projections to 2026.

Scope

  • Demographics including age, city, suburb and sector breakdowns of local HNWIs.
  • Spending habits of SA HNWIs, including: collectables, prime real estate, travel, luxury clothing and luxury cars.
  • HNWI asset allocations across 10 asset classes.
  • Detailed review of local wealth management sector, including major players by AuM.
  • Details on HNWI offshore funds and where they are held.
  • Independent market sizing of local HNWIs across five wealth bands.
  • HNWI trends from 2006 to 2016, with forecasts to 2026.
  • Insights into the drivers of HNWI wealth.
  • Second home hotspots for HNWIs in SA.

Key Highlights

  • The average South African individual has net assets of approx. US$11,300, which is the 2nd highest level in Africa, behind Mauritius.
  • SA is home to 40,400 HNWIs, with combined wealth holdings of US$171 billion.
  • Paarl, Franschoek & Stellenbosch is the fastest growing South African city/area for HNWIs, with numbers rising by 48% during the review period (2006 -2016). HNWIs on the Garden Route and the Whale Coast also performed well (mainly due to a trend of retiring HNWIs moving there).
  • African HNWIs (from countries such as Nigeria, Angola & Ghana) are increasingly buying residential property in South Africa.
  • Luxury retirement estate living is on the rise in SA (example: Waterfall Mature Lifestyle Estate).
  • Luxury apartments and hotel residences are on the rise in SA.
  • Cape Town is one of the 20 top second home hotspots in the world for multimillionaires (along with the likes of Sydney, St Tropez, the Hamptons, Miami and Palm Beach). Most of the wealthy people with second homes in Cape Town are from Johannesburg, the UK, France, Germany, Switzerland, USA, Nigeria and the Gulf. Wealthy Europeans usually use these homes to escape from their winter months.
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FEATURED COMPANIES

  • ABSA Wealth (Barclays)
  • Bentley
  • Ferrari
  • Maitland
  • Old Mutual Wealth
  • Rolls Royce
  • MORE

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Sources and methodology

2 Wealth Sector Fundamentals
2.1 Regional landscape
2.2 Political Review
2.2.1 Political Background
2.2.2 Ruling party leaders
2.2.3 Opposition party leaders
2.3 Economic Review
2.4 South Africa’s wealth scorecard and growth prospects
2.5 Country risks
2.6 Benchmarking South Africa’s Wealth in Context
2.6.1 World statistics
2.6.2 Distribution of wealth in South Africa
2.6.3 HNWI volume and wealth trends in South Africa

3 Findings from HNWI Database
3.1 Trend analysis
3.2 Breakdown by city
3.3 Age distribution
3.4 Industry breakdown
3.5 Top suburbs, towns & residential estates
3.6 Richest people in SA

4 Spending habits of South African HNWIs
4.1 SA luxury sector
4.1.1 Luxury cars
4.1.2 Luxury brand stores
4.1.3 Luxury department stores
4.1.4 Luxury hotels
4.1.5 Luxury food stores
4.2 HNWI investments & asset allocations
4.2.1 Alternative assets
4.2.2 Collectables
4.2.3 Real estate
4.2.4 Cash and bonds
4.2.5 Equities
4.2.6 Business interests
4.2.7 Analysis of Foreign Investments
4.2.8 Liquid vs. Investable Assets
4.2.9 Behavioral mapping of the different wealth bands

5 The Wealth Management Sector in South Africa
5.1 Wealth managers & private banks
5.2 Family offices
5.3 Best ways of getting to HNWIs
5.4 Foundations and venture capital companies linked to HNWIs

6 Appendix
6.1 Additional Components of the Wealth Sector in South Africa
6.1.1 Exchange controls and rules on overseas bank accounts
6.1.2 Regulatory Environment in South Africa
6.1.3 Regulations on taxes
6.2 Key Economic Drivers
6.2.1 LC to USD exchange rate
6.2.2 Real GDP growth
6.2.3 GDP per capita
6.2.4 Housing price indices
6.2.5 Commodity prices
6.2.6 Inflation rate
6.2.7 Interest rate
6.2.8 Stock market performance
6.2.9 Wealth to GDP ratio

7 About the Author

LIST OF TABLES
Table 1: South Africa: HNWI wealth band and group definitions
Table 2: South Africa: Cities ranked by GDP contribution, 2016
Table 3: South Africa: HNWIs – Wealth Distribution Pyramid, 2016
Table 4: South Africa: City breakdown for HNWIs and multimillionaires, 2016
Table 5: South Africa: HNWIs – City performance, 2006 - 2016
Table 6: South Africa: Most popular suburbs in Cape Town for multimillionaires, 2016
Table 7: South Africa: Most popular suburbs in Johannesburg for multimillionaires, 2016
Table 8: South Africa: Most popular towns for multimillionaires, 2016
Table 9: South Africa: Popular luxury apartments and hotel residences for HNWIs, 2016
Table 10: South Africa: Popular residential estates for multimillionaires, 2016
Table 11: South Africa: Local Billionaires, 2016
Table 12: South Africa: Billionaires living abroad, 2016
Table 13: South Africa: Top selling luxury cars, 2015 - 2016
Table 14: South Africa: Luxury Brand Stores, 2016
Table 15: South Africa: Upcoming Luxury Brand Stores, 2016
Table 16: South Africa: Luxury Department Stores, 2016
Table 17: South Africa: Luxury Food Stores, 2016
Table 18: South Africa: HNWIs – Allocations of HNWI Assets (%), 2006−2026
Table 19: South Africa: HNWIs – Wealth Holdings Growth (%), 2006–2026
Table 20: South Africa: HNWIs – Alternative Asset Composition (US$ billion), 2006–2026
Table 21: South Africa: HNWIs – Alternative Asset Composition (%), 2006–2026
Table 22: South Africa: HNWIs – Trends in Alternative Assets (% growth), 2006–2026
Table 23: South Africa: Popular classic cars for HNWIs, 2016
Table 24: South Africa: Top performing towns and suburbs (US$ residential prices), 2006 - 2016
Table 25: Africa:  Major cities ranked by US$ per square meter, 2016
Table 26: South Africa: Most expensive roads & developments, US$ per square meter, 2016
Table 27: South Africa: Most exclusive suburbs in Cape Town (R20m homes), 2016
Table 28: South Africa: Most exclusive suburbs in Johannesburg (R20m homes), 2016
Table 29: South Africa: Most exclusive towns (R20m homes), 2016
Table 30: South Africa: HNWIs – Liquidity Breakdown (%), 2006–2026
Table 31: South Africa: HNWIs – Liquidity Breakdown (US$ Billion), 2006–2026
Table 32: South Africa: Major local wealth management companies by AuM, 2016
Table 33: South Africa: Major foreign wealth management companies operating in SA, 2016
Table 34: Africa: Top rated brokers for HNWIs, 2016
Table 35: Africa: Top rated equity funds for HNWIs, 2016
Table 36: South Africa: LC to USD Exchange Rate (year end), 2006–2016
Table 37: South Africa: Real GDP Growth, 2006–2016
Table 38: South Africa: GDP Per Capita (US$ terms), 2006–2016
Table 39: South Africa: Housing Price Index (US$ terms), 2006–2016
Table 40: Global: Commodity Indices (US$ terms), 2006–2016
Table 41: South Africa: Inflation rate, 2006–2016
Table 42: South Africa:  Interest Rate, 2006–2016
Table 43: South Africa: Stock Market Performance (US$ terms), 2006–2016
Table 44: South Africa: HNWI Wealth to GDP Ratio, 2006–2016

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  • ABSA Wealth (Barclays)
  • Afrasia Bank
  • Alexander Forbes
  • Allan Gray
  • Aston Martin
  • Bentley
  • Citadel
  • Coronation
  • Credit Suisse
  • Credo Group
  • Ferrari
  • Foord
  • Investec
  • Lamborghini
  • Liberty Life
  • Maitland
  • Maserati
  • Mclaren
  • Momentum Group
  • Nedbank
  • Old Mutual Wealth
  • PSG
  • Porsche
  • Prudential
  • RMB
  • Rolls Royce
  • Sanlam
  • Standard Bank
  • Stenham
  • Stonehage Fleming
  • UBS
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