On fin24.com

Finweek English Edition - - THE WEEK -

Paarl, Fran­schhoek and Stel­len­bosch are the three ar­eas with the fastest-grow­ing num­ber of dol­lar mil­lion­aires (in­di­vid­u­als with net as­sets of $1m or more) in SA, ac­cord­ing to a re­port by New World Wealth. The num­ber of mil­lion­aires in these three towns and their sur­round­ings has in­creased by 38% be­tween 2007 and 2015. Jo­han­nes­burg is how­ever still home to the largest por­tion of SA’s mil­lion­aires (44%), the re­port in­di­cated. Ac­cord­ing to the re­port, 20% of lo­cal mil­lion­aires ac­quired their wealth from real es­tate and con­struc­tion.

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