• Wealth and poverty

    True riches would be to create a safe and satisfied community for all South Africans.

  • SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

All data is delayed
Loading...
See More

Boom in African millionaires

Jul 17 2011 14:17
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

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

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

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...