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South Africa violence reflects 'toxic mixtures of unequal society,' cleric says cruxnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cruxnow.com Daily Mail and Mail on Sunday newspapers.
Nairobi is home to 75pc of Kenya billionaires The heavy concentration of billionaires in Nairobi indicates inequality in the country’s economic development. Africa’s rich have suffered the most from the economic impact of the pandemic, with AfrAsia Bank saying the share of super-rich persons in the continent dropped by nine percent last year. In Nairobi, the number of billionaires shrank by 10, accounting for 38 per cent of the persons whose net assets fell below $10 million. Tuesday April 27 2021 By BRIAN NGUGI The heavy concentration of billionaires in Nairobi indicates inequality in the country’s economic development. Africa’s rich have suffered the most from the economic impact of the pandemic, with AfrAsia Bank saying the share of super-rich persons in the continent dropped by nine percent last year. ....
These are the wealthiest cities in Africa, which thousands of dollar millionaires call home news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Moneyweb South Africa’s decline has been worsened by the depreciation of the rand, poorer economic growth levels, Covid-19 and emigration from the country. Sandton city Picture: iStock
Despite South Africa being home to more than twice as many dollar millionaires or high-net-worth individuals (HNWIs) than any other African country, the total private wealth held in the country declined by 25% between 2010 and 2020. This is according to the Africa Wealth Report 2021, published on Tuesday by Johannesburg-based wealth intelligence firm New World Wealth together with Mauritius-based AfrAsia Bank. The report notes that South Africa has around 36 000 millionaires or HNWI, 1 930 multi-millionaires (+$10 million) and five dollar-billionaires. ....
MONEYWEB app instead? South Africaâs private wealth plunges Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame. 14:33 Open: Open: Open: Open: Open: 20 Apr 21 Open: Open: Johannesburg and the financial hub of Sandton is home to most of South Africa s dollar millionaires, but the country has seen a decline in high-net-worth individuals over the past decade. Image: Shutterstock Despite South Africa being home to more than twice as many dollar millionaires or high-net-worth individuals (HNWIs) than any other African country, the total private wealth held in the country declined by 25% between 2010 and 2020. ....