Loading...
See More

Boom in African millionaires

Jul 17 2011 14:17

Related Articles

PwC: African businesses get more freedom

SA loses dominance in Africa - report

SA urged not to bail out Mswati

Germany: SA is top African partner

SA pleased to host Olympic meeting

Africa to set up own climate fund

 
Johannesburg - Last year the number of dollar millionaires in Africa grew faster than anywhere else in the world.

According to Aon Risk Solutions, the number of people in Africa with investable assets of $1m or more swelled 11.1% last year.

Worldwide, the number of dollar millionaires was 8.3% up and those in the Middle East 10.4% up.

Aon’s Mandy Barrett said the rapid growth in the number of millionaires in Africa is also evident from the growth in demand for financial products they require.

She said the use of risk products designed to provide for the needs of the super-wealthy had risen 175% over the past two years.

Barrett attributed the greater demand for products to a need to protect the assets being accumulated.

- Sake24

For business news in Afrikaans, go to www.sake24.com.
africa
NEXT ON FIN24X

Nigeria holds rates at 12%

2014-09-19 16:51

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
10 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...