Cape Town is about to see a real wealth boom.
Despite a challenging past decade, South Africa is still home to over twice as many high-net-worth individuals as any other African country, notes the report.
To get your hands on South Africa’s most exclusive credit card, you’ll need to be at the tip-top of earners.
To qualify as a high-net-worth individual (HNWI), you must have a net wealth of seven figures or more in US dollar terms.
Even though Johannesburg remains home to most of South Africa’s high net worth individuals, Cape Town has the most expensive and exclusive suburbs.
New World Wealth’s latest report names Jozi as the wealthiest city on the continent, with Cape Town following close behind.