Ultra HNWIs in South Africa 2014

Published: Jun, 2014 | Pages: 114 | Publisher: WealthInsight
Industry: Wealth Management | Report Format: Electronic (PDF)


Synopsis
 This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in South Africa.
 The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's UHNWIs have performed through the crisis.
Summary
This report reviews the performance and asset allocations of Ultra HNWIs in South Africa, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.
Scope
 UHNWI volume, wealth and allocation trends from 2009 to 2013
 UHNWI volume, wealth and allocation forecasts to 2018
 UHNWI asset allocations across 13 asset classes                                                                                                                                                                                    
 Number of UHNWIs in each state and all major cities
 Fastest growing cities and states for UHNWIs (2009-2013)
 Number of wealth managers in each city
 City wise ratings of wealth management saturation and potential
 Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in South Africa
 Size of South Africa wealth management industry
 Largest domestic private banks by AuM
 Detailed wealth management and family office information
 Insights into the drivers of HNWI wealth
Reason To Buy
 The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
 The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
 With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
 Report includes comprehensive forecasts to 2018.
 Also provides detailed information on UHNWIs in each major city.
Key Highlights
 There were 581 UHNWIs in South Africa in 2013, with an average per capita wealth of US$124.7 million, making them a prime target group for wealth sector professionals. Of this total, there were eight billionaires, 164 centimillionaires and 409 affluent millionaires.
 UHNWIs accounted for 1.2% of the total South African HNWI population in 2013, which was greater than the global average of 0.7%. The number of South African UHNWIs increased by 50.5% during the review period, from 386 in 2009 to 581 in 2013. 
 There was a wide range of performance between the different UHNWI wealth bands -  while the number of billionaires increased by 100.0%, the number of centimillionaires and affluent millionaires increased by 47.7% and 50.9% respectively. 
 The number of UHNWIs is predicted to increase by 16.1%, reaching 700 in 2018. This will include 10 billionaires, 201 centimillionaires and 489 affluent millionaires.

 1 Introduction
1.1 Details of this Report
1.2 Definitions
2 Executive Summary
3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking South African Wealth in Context
3.4.1 Distribution of wealth in South Africa
3.5 HNWI Volume and Wealth Trends
4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2018
4.1.1 HNWI trend analysis
4.1.2 Wealth band trends
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs - job titles
4.1.5 HNWIs - industry breakdown
4.1.6 HNWIs - industry performance
4.1.7 HNWIs - breakdown by city
4.1.8 HNWIs - city performance
4.1.9 HNWIs - city population densities
4.1.10 HNWIs - city forecasts
4.1.11 HNWIs - breakdown by state
4.1.12 HNWIs - state performance
4.1.13 HNWIs - state population densities
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs - industry breakdown
4.2.5 UHNWIs - city breakdown and performance
4.3 UHNWIs - Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs - Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.5 UHNWIs - Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs - Mid-Tier Millionaires
4.7.1 Mid-tier millionaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs - Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis
5 Analysis of South African HNWI Investments
5.1 Analysis by Asset Class
5.1.1 Trends in alternative assets
5.1.2 Trends in 'art, wine and wheels'
5.1.3 Trends of investments in real estate
5.1.4 Trends of investments in cash and deposits
5.1.5 Trends of investments in fixed-income
5.1.6 Investment trends in equity
5.1.7 Investments trends in business interests
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in North America (including Mexico and the Caribbean)
5.2.3 Investments in Asia-Pacific
5.2.4 Investments in Central and South America
5.2.5 Investments in the Middle East
5.2.6 Investments in Africa
5.3 Alternative Breakdown: Liquid vs Investable Assets
5.4 Analysis of South African UHNWI Investments
6 Competitive Landscape of the Wealth Sector
6.1 Competitive Landscape
6.1.1 Domestic private banks
6.1.2 Foreign private banks
6.1.3 Acquisitions and Partnerships
6.1.4 Wealth managers
6.1.5 Family offices
6.1.6 Financial advisors
6.2 Developments in the South African Private Banking Industry
6.3 Wealth Management and the Private Banking Industry
6.4 South African Wealth Management Industry - Clientele Model and  Maturity
6.5 Behavioral Mapping of Wealth Management and Private Banking in South Africa
7 Appendix
7.1 Tax Regulations
7.2 Key Drivers
7.2.1 ZAR to US$ exchange rate
7.2.2 Real GDP growth
7.2.3 Per capita GDP
7.2.4 Domestic market capitalization
7.2.5 Commodity index
7.2.6 Foreign direct investments - inflow and outflow
7.2.7 Inflation rate
7.2.8 Interest rate
7.2.9 Balance of payments
7.2.10 Government debt
7.2.11 Stock market performance
7.3 Wealth Breakdowns
8 About WealthInsight

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in South Africa by Population (Volume), 2013
Table 3: South African HNWIs - Volume Distribution (%), 2013
Table 4: South African HNWIs - Wealth Distribution Wealth Pyramid (%), 2013
Table 5: South African HNWIs - Industry Performance, 2009-2013
Table 6: South African HNWIs - Cities, 2013
Table 7: South African HNWI Growth in Top Cities (Thousand), 2009-2013
Table 8: South African HNWI Population Density in Major Cities (Thousand), 2013
Table 9: South African HNWIs in Top Cities (Thousand), 2009-2018
Table 10: South African HNWIs - Growth Rates for Top Cities (%), 2009-2018
Table 11: South African Volume of HNWI by States (Thousand), 2013
Table 12: South African HNWI State Performance (%), 2009-2013
Table 13: South African HNWIs Population Density by State (Thousand), 2013
Table 14: South African UHNWI Gender Performance (%), 2009-2013
Table 15: South African UHNWI Source of Wealth (%), 2013
Table 16: South African Volume of UHNWI in Top Cities (Hundred), 2009-2018
Table 17: South African UHNWI Growth Rates in Top Cities (%), 2009-2018
Table 18: South African Billionaires Market Overview (Volume and US$ Billion), 2009-2018
Table 19: South Africa's Top 10 Billionaires (US$ Billions), 2013
Table 20: South African Billionaire Wealth Growth (US$ Billion), 2009?2013
Table 21: South African Centimillionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 22: South African Affluent Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 23: South African Mid-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 24: South African Lower-Tier Millionaires Market Overview (Volume and US$ Million/Billion), 2009-2018
Table 25: South African Allocations of HNWI Assets (%), 2009-2018
Table 26: South African HNWI Holdings Growth (%), 2009-2018
Table 27: South African HNWI Alternative Asset Composition (%), 2009-2018
Table 28: South African HNWI Trends of Investments in Alternative Assets (%), 2009-2018
Table 29: South African Trends in 'Art, Wine and Wheels', 2009-2013
Table 30: Global Prime Real Estate Prices per m2 (US$), 2012
Table 31: South African HNWI Foreign Investment Allocations (%), 2009-2018
Table 32: South African HNWI Liquidity Breakdown (US$ Billion), 2009-2018
Table 33: South African HNWI Liquidity Breakdown (%), 2009-2018
Table 34: South African UHNWI Allocations and Share of HNWI Assets (%), 2013
Table 35: Leading Domestic Private Banks in South Africa by Local and Global AuM (US$ million), 2013
Table 36: Leading Foreign Private Banks in South Africa by local AuM (US$ million), 2013
Table 37: Leading Wealth Managers in South Africa by AuM (US$m), 2013
Table 38: Top South African Family Offices by AuM (US$m), 2013
Table 39: Wealth Management Industry - Recent Deal Activity in South Africa, 2013
Table 40: South African Income Tax Bands (ZAR), 2013-2014
Table 41: ZAR per US$ Exchange Rate, 2009-2018
Table 42: South African Real GDP Growth (%), 2009-2018
Table 43: South African GDP per Capita (US$), 2009-2018
Table 44: South African Domestic Market Capitalization (US$ Billion), 2009-2013
Table 45: South African Commodity Indices, 2009-2018
Table 46: South African Foreign Direct Investment (US$ Billion), 2009-2018
Table 47: South African Inflation Rate (%), 2009-2018
Table 48: South African Money Market Rate (%), 2009-2018
Table 49: South African Balance of Payments (US$ Billion), 2009-2013
Table 50: South African Government Debt as a Percentage of GDP, 2009-2018
Table 51: South African Stock Market Performance, 2009-2013
Table 52: South African HNWI Wealth vs GDP Ratio, 2009-2018
Table 53: South Africa - Appendix One
Table 54: South Africa - Appendix Two