South Africa HNWI Population to Increase by 10.8% in 2020, States WealthInsight in Its New Report Available at MarketPublishers.com20 Jun 2016 • by Natalie Aster
LONDON – The number the high-net-worth individuals (HNWIs) in South Africa stood at 48,787 as of 2015; the combined wealth of these individuals amounted to USD 230.7 billion.
The number of the local HNWIs went down by 3.2% in 2015, following a 2.8% hike in the preceding year.
South Africa’s HNWI population is anticipated to increase by 10.8% and reach 53,862 in 2020. Meantime, their wealth is expected to surge to USD 288.1 billion by 2020, posting an increase by around 26%.
New research report “South Africa Wealth Report 2016” created by WealthInsight focuses on an analysis of the HNWI performance across the country during 2011-2015. It gives clear insight into how well the local HNWIs have performed following the financial turmoil. The study also provides a review of the asset allocations of South Africa’s HNWIs and UHNWIs and casts light on the top performing cities. It evaluates the domestic wealth management sector.
Report Key Themes:
- market size of local HNWIs for 5 wealth bands;
- HNWI wealth, number and allocation trends during 2011-2015 and respective forecasts to 2020;
- HNWIs’ and UHNWIs’ allocation of assets across 13 asset classes;
- breakdown of all external assets by geography;
- insights into the development, opportunities and challenges as regard to the national private banking and wealth management sector;
- market size of the nation’s wealth management sector;
- details about private banks;
- granular family office information;
- insights into the major drivers of HNWI wealth;
Companies discussed in the report: JP Morgan, Absa, South African Reserve Bank, Standard Bank, Ned Bank, Investec, First National Bank, Rand Merchant Bank, BNP Paribas, Citi Bank, Peregrine Holdings Limited, HSBC and Citadel Wealth Management.
More new studies by the publisher can be found at WealthInsight page.