Daily Maverick


- By Lorraine Kearney


By 2026 there will be more than 87.5 million people worth at least $1-million, up from 62.5 million in 2021, says Credit Suisse

Group’s Global Wealth Report

2022, with the number of millionair­es globally growing by 40% in the next five years, Bloomberg reports. Private fortunes are forecast to rise 36% to $169-trillion by 2026, with wealth per adult climbing 28% globally and surpassing $100,000 in 2024. The number of high-networth individual­s will hit 385,000 – these are people worth more than $50-million. Fortunes will climb 10% annually in emerging economies. Meanwhile, the 500 richest people in the world collective­ly lost $1.4-trillion in the first half of the year.


South Africa is at 19 on the Global Initiative Against Transnatio­nal Organized Crime criminalit­y index, with a higher score than Libya, Brazil and Russia. Colombia is at 2, Mexico 4, Nigeria 5 and Kenya 11. Rising organised crime was an existentia­l threat to SA’s democratic institutio­ns, economy and people, it said. Its study of embedded and interconne­cted criminal markets showed a rise in extortion, kidnapping, organised robbery, organised violence, corruption, theft of critical infrastruc­ture, illegal mining, taxi industry-related crime, wildlife and fishing crime, cybercrime and economic and financial crime.

There was “a dramatic expansion, diversific­ation and legitimisa­tion of extortion”.


One person under 70 dies every two seconds from a noncommuni­cable disease (NCD), the World Health Organizati­on reports. NCDs now outnumber infectious diseases as the top killers globally. They account for nearly three-quarters, or 41 million, deaths annually, reads the report, Invisible Numbers: the true extent of non-communicab­le diseases and what to do about them. A full 85% of all premature deaths happen in low- and middle-income countries. It’s a prime opportunit­y for investment: investing $18-billion a year on prevention across all low- and middle-income countries could generate net economic benefits of

$2.7-trillion by 2030.


Rolling blackouts are more than an annoyance. South Africans’ happiness dropped below the 2022 average of 6.85 to 6.44 on 18 September, when the country plunged into stage six, according to the Gross National Happiness Index. This is almost as low as it was in 2020. It is measured using big data and machine learning, which analyses the sentiment and emotion in underlying tweets. The index was developed in 2019 by wellbeing economists Professor

Talita Greyling from the University of Johannesbu­rg and

Dr Stephanié Rossouw from

Auckland University of Technology in New Zealand. It can measure the mood hourly and analyses eight emotions.DM168

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