Golf the sport of choice for coun­try’s wealth­i­est

Daily Dispatch - - News - SUTHENTIRA GOVEN­DER

How do SA’s uber-wealthy un­wind? By play­ing 18 holes on an award-win­ning golf course, nat­u­rally.

Golf hobby has for emerged as the top SA’s high net-worth in­di­vid­u­als – those who have net as­sets of about R13.6m or more.

AfrAsia Bank and New World Wealth re­cently re­viewed the favourite leisure pur­suits of the wealthy, among them di­rec­tors, CEOs, chairs and CFOs.

Art col­lect­ing, moun­tain bik­ing, cy­cling and horses also fea­tured high on their list.

Ac­cord­ing to the re­view, SA is home to some of the best golf cour­ses in the world, in­clud­ing Fan­court Links, the Gary Player course at Sun City and Leop­ard Creek.

“Golf has al­ways been a pop­u­lar sport for SA’s wealthy, es­pe­cially those who are re­tired,” New World Wealth head of re­search An­drew Amoils said.

The re­view also found that col­lecta­bles – such as clas­sic cars, fine wine and art – was a grow­ing seg­ment in SA. “Col­lecta­bles in­clude any lux­ury item that holds its value rea­son­ably well over time,” the re­view stated.

Other pop­u­lar hob­bies are yacht­ing, ski­ing (mainly over­seas), sports bet­ting, fly­fish­ing and hunt­ing.

Re­view also found that col­lecta­bles was a grow­ing seg­ment

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.