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INFOGRAPHIC: Where SA's super-rich live

Source: Fin24, 30/12/2015


Cape Town - Johannesburg is still home to the largest portion of South
Africa`s multi-millionaires, according to the South Africa 2015 Wealth
Report by New World Wealth.
Last year's report also found that most "super-rich" lived in
Johannesburg.
For the purposes of the study a millionaire (or high net worth
individual) is an individual with wealth of $1m (about R12.3m) or
more, while a multi-millionaire is an individual with wealth of at
least $10m (about R120m).

New World Wealth provides information on the global wealth sector,
with a special focus on Africa and the Middle East.
The report focuses on the performance of high net worth individuals
between the end of 2007 - the peak before the global financial crisis
- and the end of 2014. This was to determine how well they have
performed through the crisis.
About 48% - or 990 - of South Africa's 2 060 multi-millionaires live
in Johannesburg, followed by Cape Town with an 18% share (380
multi-millionaires) and Durban (including Umhlanga, La Lucia, Zimbali
and Mount Edgecombe) at 6%, or 120 multi-millionaires.
Pretoria achieved the fourth place with 5%, or 110, of SA's
multi-millionaires.
The rest of the multi-millionaires - 22% or 460 - live elsewhere in
the country, like Knysna and Plettenberg Bay, Stellenbosch,
Franschhoek and Hermanus.
What they do
Financial services form the main industry from which South African
multi-millionaires have acquired their wealth. It is the primary
source of wealth for 20% of local multi-millionaires. Other important
industries for them include real estate and construction (16%), basic
materials (14%) and diversified (12%).
Many of Johannesburg's multi-millionaires are involved in financial
services, basic materials and construction. Those in Cape Town are
involved in industries like real estate, financial services, retail
and tourism.
Major industries for multi-millionaires in Durban include
pharmaceuticals (healthcare), construction and transport, while in
Pretoria it includes basic materials, manufacturing and financial
services.
Favourite suburbs
In Johannesburg Sandhurst is the favourite suburb for
multi-millionaires, followed closely by Hyde Park and Bryanston.
Houghton and Westcliff also make the list, but each with about half
the number of multi-millionaires than the top three suburbs.
Most of the multi-millionaires in Cape Town can be found in Camps Bay,
followed by Bishopscourt, Constantia and Tokai, Clifton, Bantry Bay,
Fresnaye and Llandudno.
Estate living
For those multi-millionaires, who prefer living on security estates,
Zimbali in KwaZulu-Natal (KZN) comes out tops, followed by Erinvale in
Somerset West - each with about 20 multi-millionaire residents.
The Johannesburg security estates of Blair Atholl, Dainfern and
Waterfall Equestrian Estate, the Cape estates of Silverhurst,
Steenberg, Fancourt, Pezula and Pearl Valley as well as Silver Lakes
in Pretoria and Mount Edgecombe in KZN complete the list. They have up
to about ten multi-millionaire residents each.


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