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Home 🌿 Marijuana Business News 🌿 Rise of South Africa's ultra-rich reveals a tale of two nations 🌿Rise of South Africa's ultra-rich reveals a tale of two nations
When times get tough, it seems the rich in South Africa get richer - in spite of living in a country with vast wealth discrepancies.
Despite the turbulent economic times, wealthy South Africans are getting even wealthier - and the number of millionaires is growing in leaps and bounds.
As their fortunes grow, the super-rich are splurging on fine art, wines, supercars, rare game, second homes abroad and expensive watches - all in the name of "investment".
The growth spurt among the rich has seen the arrival of some of the world's most exclusive stores in our malls, and by the end of the year well-heeled shoppers will be able to splash out at Prada, Jimmy Choo, Christian Louboutin and Zegna, stores where a simple tie can cost R2000 and a designer handbag as much as R300,000.
A report by Sandton-based wealth intelligence company New World Wealth reveals
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