Boston, MA -- (SBWIRE) -- 08/30/2012 -- This report provides projections of the volume and wealth of South African HNWIs and a comprehensive background of the local economy. This includes demographic trends (2007-2011) and findings of the proprietary WealthInsight HNWI Database.

Key Highlights

- South Africa has the highest number of HNWIs in Africa. As of 2011, there were over 44,700 HNWIs in South Africa, with a combined wealth of US$188 billion, accounting for roughly 27% of South Africa's total individual wealth (US$740 billion).
- The total number of HNWIs in South Africa increased by 17.9% during the review period (2007-2011), while HNWI wealth rose by 15.2%.
- The wealth of HNWIs in South Africa was positively influenced by a strong local property market, high savings rates and a significant appreciation of the South African rand against the US dollar over the review period.
- Growth in HNWI wealth and volumes will continue to be robust over the forecast period as more new businesses are developed within the country.
- There are 543 UHNWIs in South Africa, with an average wealth of US$132 million per person and a total wealth of US$72 billion.

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Scope

The report features:

- Independent market sizing of South African HNWIs across five wealth bands
- HNWI volume and wealth trends from 2007 to 2011
- HNWI volume and wealth forecasts to 2016
- Insights into the drivers of HNWI wealth

Reasons to Get this Report

- The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the Database comprises up to one hundred data-points on over 100,000 HNWIs from around the world. It also includes profiles on major private banks, wealth managers and family offices in each country. With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
- Comprehensive forecasts to 2016.

Companies Mentioned in this Report: Absa Wealth (Barclays), Investec Wealth & Investment, Standard Bank, Nedbank (Old Mutual), RMB (FirstRand), UBS, Sanlam, BoE Private Clients, Belmont Asset Management, Cheryl Howard and Associates, Investment Solutions Limited, K2 Capital, NFB Private Wealth Management, VFS Wealth Managers, Credo Group, Fairbairn (owned by Old Mutual), Kleinwort Benson, Sable Wealth Management, Stenham

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