South Africans are the second wealthiest people in Africa, according to a new report by AfrAsia Bank and New World Wealth, which reviewed the wealthiest and poorest countries on the continent.
The average wealth of a person living in SA (wealth per capita) was US$11 300 (about ZAR149 000) in 2016, up from $10 800 (about ZAR142 500) in 2015. Mauritians were found to be the wealthiest individuals in Africa, with $25 700 (about ZAR339 000) in wealth per person.
The report showed that Zimbabweans, with just $200 (about ZAR2 600) per person, were the poorest people in Africa. Namibians were the third wealthiest people with average individual wealth of $10 800 (about ZAR142 500), followed by people in Botswana at $6 700 (about ZAR88 400).
For the purpose of the report, “wealth” refers to the net assets of a person and includes all their assets – property, cash, equity and business interests – less any liabilities. (Fin24)
Source: Samuel Bediako-Asante
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