DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xpccph/wealth_in_south)
has announced the addition of the "Wealth
in South Africa: The Future of South African HNWIs" report to
their offering.
South Africa has almost twice as many
millionaires as any other African country. 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 (the review
period).
- 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
suburb, city, gender, racial, age and sector breakdowns of HNWIs.
-
Size of local wealth management industry.
- Largest domestic
private banks by AuM.
- Detailed wealth management and family
office information.
- Review of luxury and collectables industry in
country.
- 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).
-
South African HNWIs outperformed the worldwide HNWI average during the
review period (2007 to 2013), with South African HNWI numbers increasing
by 14% whilst worldwide HNWI volumes declined by 0.3%.
- The rise
in US dollar based HNWI wealth occurred despite a significant 30%
depreciation of the Rand against the US dollar during the review period.
-
HNWI growth was positively influenced by a rise in new business
formation, particularly in the BEE arena, as well as solid local stock
exchange returns and rising commodity prices.
- Growth in HNWI
wealth and volumes will be solid over the forecast period as more new
businesses are developed within the country.
- Over the four year
forecast period, the number of South Africa's HNWIs is forecast to grow
by 28%, to reach over 62,400 in 2017. HNWI wealth will see a larger
percentage increase, growing by 30% to reach US$259 billion in 2017.
Companies
Mentioned
- 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
For more information visit http://www.researchandmarkets.com/research/xpccph/wealth_in_south
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