The Number of South African HNWIs is Forecast to Grow by 16%, Reaching 57,147 in 2018, According to a New Study on ASDReports

Monday 14 July 2014, Amsterdam

Report description overview:

The new report now available on ASDReports, identifies that the number of South African HNWIs is forecast to grow by 16% in 2018. By purchasing this report you will secure a proper understanding of shifting market dynamic, which will enable you to amend your business plans accordingly, to allow maximum sales. You will gain an understanding of the challenges and opportunities for the wealth sector in South Africa, enabling you to indentify the key areas in which you want to compete in the future.

The  difference:

• Obtain a clear understanding of the latest asset allocations of South Africa’s Ultra HNWIs across 13 asset classes, so that you may formulate and implement business strategies.
• Provide yourself with a projections of the volume, wealth and asset allocations of South Africa’s Ultra HNWIs to 2018, in order to gain a proper comprehension within the wealth market.
• Look into the size of South Africa’s wealth management industry and gain insights into the drivers of Ultra HNWI wealth, which will enable you to minimize business risks and challenges.

Additional report highlights:

Despite unfavorable world market conditions, the South African wealth management market is growing rapidly. The market is attractive not only for local development, but also to foreign institutions, as it holds US$200 billion in wealth. Much of the growth in South Africa’s wealth management and private banking sector over the past decade has been driven by growth in personal wealth and the number of HNWIs and UHNWIs. Wealth contrasts are a sensitive matter in the country, with poverty remaining a significant unsolved issue.

Over the forecast period, allocations in commodities are expected to decline to below 2% of the total HNWI assets by 2018, as global liquidity tightens due to a forecast near-term drop in demand from China for raw materials that will cause global commodity prices to flatten out.

Compared with other regions, South African HNWI allocations to Africa increased during the review period, rising from 21% in 2009 to 27% 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% of foreign HNWI assets by 2018. Investments are increasingly being diverted to the continent.