{"id":45615,"date":"2026-09-16T09:38:38","date_gmt":"2026-09-16T07:38:38","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45615"},"modified":"2026-09-16T09:38:38","modified_gmt":"2026-09-16T07:38:38","slug":"sa-holds-38-of-continental-wealth-report","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-holds-38-of-continental-wealth-report\/","title":{"rendered":"SA holds 38% of continental wealth: Report"},"content":{"rendered":"<p>South Africa (SA) continues to dominate Africa\u2019s private wealth landscape, holding 38% of the continent&#8217;s high-net-worth individual population, according to the Africa Wealth Report 2026 released by global wealth intelligence firm New World Wealth.<\/p>\n<p>&nbsp;<\/p>\n<p>The latest research indicates that as of June 2026, SA is home to 48 200 United States Dollar millionaires (individuals with liquid wealth of $1 million or more), 131 centi-millionaires, and 10 billionaires. Globally, SA ranks as the 34th wealthiest country by millionaire count, positioned directly ahead of major emerging economies including Turkey and Thailand.<\/p>\n<p>&nbsp;<\/p>\n<p>Johannesburg remains Africa&#8217;s wealthiest city overall, driven by commercial activity concentrated in the Sandton business district, while Cape Town ranks second and is on track to become the continent&#8217;s wealthiest urban centre by 2030 following a 35% wealth growth trajectory over the past decade.<\/p>\n<p>&nbsp;<\/p>\n<p>Analysing regional distribution and future economic trends, New World Wealth Head of Research Andrew Amoils highlighted key structural sectors expected to drive wealth creation across the continent over the coming decade.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;Over the next decade, we expect the key wealth-creating industries in Africa to be eco-tourism &amp; eco-estates, music &amp; film, fintech, ecommerce, software development, artificial intelligence, business process outsourcing, green tech, rare metals mining, biotech, and wealth management,&#8221; Amoils noted in the report.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;ChannelAfrica&#8211;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":45616,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45615","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"SA dominates African wealth landscape","published_date":"2026-09-16 09:36:38","news_description":"SA dominates African wealth landscape","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45615\/revisions"}],"predecessor-version":[{"id":45617,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45615\/revisions\/45617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/45616"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=45615"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}