South Africa Wealth Report 2016
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With a contracting economy and fears of recession, many HNWIs in South Africa are starting to tighten their belts and look more closely at their spending and portfolios. However, there are still pockets of growth: Johannesburg’s HNWI population will see double-digit growth in the next five years as a result of a healthy financial services industry.
South Africa is the hub of private banking in Africa, with Johannesburg as the biggest center. Private banking in South Africa is offered by the country’s four biggest retail banks – Absa, Standard Bank, First National Bank and Nedbank – along with niche private banks.
Scope
• An evaluation of the local wealth management market
• Analysis of HNWI volume, wealth and allocation trends between 2011 and 2015
• HNWI volume, wealth and allocation forecasts to 2020
• An examination of HNWI and UHNWI asset allocations in 13 asset classes
• A geographical breakdown of all foreign assets
• An alternative breakdown of liquid versus investable assets
• Data on the number of HNWIs in major South African cities, with forecasts to 2020
• Insights into the key drivers of HNWI wealth in South Africa
• Independent market sizing of South Africa’s HNWIs in five wealth bands
• Information on private banks in South Africa
• A detailed overview of the local economy
• Wealth management and family office information
• Insight into the development, challenges and opportunities for participants in the wealth management and private banking sector in South Africa
Key Highlights
How many HNWIs are there in South Africa? How much wealth in US$ billion do they collectively hold?
By what percentage did the volume of South African HNWIs decrease in 2015? How does this compare to the figures for the preceding year?
What is the percentage growth forecast for the HNWI population in South Africa? What is the projected total of HNWIs by 2020? By what percentage is their wealth forecast to grow? What is the anticipated total in US$ billion in 2020?
Reasons to Buy
• Analyze five South African wealth bands and identify preferences for wealth management services in each band. Identify new growth opportunities while minimizing risk.
• Investigate the asset allocations of HNWIs and ultra-HNWIs, including projections of their volume, wealth and asset allocations to 2020. Determine any substantial growth over the forecast period, and target value propositions to increase market share.
• Assess the private banking and wealth management sector in South Africa, and make informed business decisions based on the most current market information.
• Evaluate HNWI volumes in each major city; target prospects more precisely to drive revenue growth.
Absa
Standard Bank
First National Bank
Ned Bank
Investec
Rand Merchant Bank
BNP Paribas
Citi Bank
HSBC
JP Morgan
Citadel Wealth Management
Peregrine Holdings Limited
Table of Contents
Frequently asked questions
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