South Africa Wealth Market Size , Share , Key Trends , Emerging Opportunities , Strategies , Drivers , Outlook and Competitive Landscape 2016
South Africa Wealth Market Size , Share , Key Trends , Emerging Opportunities , Strategies , Drivers , Outlook and Competitive Landscape 2016
Summary South Africa is currently navigating a turbulent course of political , economic , and financial uncertainties that are seriously undermining future prospects . Low economic growth , high inflation , currency devaluation , and the threat of a further downgrade of the country ' s national credit rating to “ junk ” are hampering the South African wealth market .
Political tensions are increasing investor nerves , making it a vital time for wealth managers to guide their clients through rough waters .
Synopsis Verdict Financial ' s “ Wealth in South Africa : Sizing the Market Opportunity 2016 ” analyzes the South African wealth and retail savings and investments markets , with a focus on the HNW segment . The report is based on our proprietary datasets .
View Summary of This Report @ http :// www . radiantinsights . com / research / wealth-in-south-africa-sizing-themarket-opportunity-2016
Specifically the report : - Sizes the affluent market ( both by number of individuals and the value of their liquid assets ) using our proprietary datasets .
- Analyzes which asset classes are favored by South African investors and how their preferences impact the growth of the total savings and investments market .
- Examines HNW clients ' attitudes towards non-liquid investments such as property and commodities . - Identifies key drivers and booking centers for offshore investments .
Key Findings - Affluent individuals account for just 0.8 % of the South African population but hold over 90 % of liquid assets . This reflects the high levels of wealth inequality , with the country consistently ranked as the most unequal in the world .
- The macro environment will hamper growth in the savings and investments market , which is nevertheless still forecast to grow by 5.4 % a year to 2020 .