South African HNWIs Held 17.4% (US$35 billion) of Their Wealth outside Their Home Country

Date: 2015-08-30

“• At the end of 2013, South African HNWIs held 17.4% (US$35 billion) of their wealth outside their home country, which is below the worldwide average of 20–30%. 

• WealthInsight expects foreign asset holdings to increase to US$45 billion by 2018, accounting for 16.1% of total South African HNWI assets.

• In 2013, Africa accounted for 27.0% of South African HNWIs’ foreign assets. 

• It was followed by North America with 24.2%, Europe with 22.6%, Asia-Pacific with 11.7%, Latin America with 9.0% and the Middle East with 5.4%.

• Compared with other regions, South African HNWI allocations to Africa increased during the review period, rising from 21.0% in 2009 to 27.0% in 2013. Africa was the emerging region in terms of global investments, especially from prosperous neighboring countries.

• Over the forecast period, South African HNWIs are expected to further increase their levels of investment in Africa to 30.1% of foreign HNWI assets by 2018. Investments are increasingly being diverted to the continent.”


Contact With Us
Join templatemonster at google+
Customized Research
Request Sample