- In spite of high inflation and taxation reducing the appeal of deposits , this class will be the major driver of growth to 2020 . This will be the result of gradually increasing savings levels and retail investors seeking safe havens in volatile times .
- South African HNW individuals hold 26.5 % of their wealth outside of traditional liquid allocations , with a fairly even split between property and alternative investments ( hedge funds in particular ).
- Offshore investments account for 32.2 % of HNW portfolios , significantly above the global average , which is primarily driven by the desire for geographic diversification .
- Offshore investments will remain a critical part of HNW portfolios given current political , investment grade , and currency concerns .
Reasons To Buy - Benchmark your share of the South African wealth market against the current market size .
- Forecast your future growth prospects using our projections for the market to 2020 . - Identify your most promising client segment by analyzing penetration of affluent individuals in South Africa . - Evaluate your HNW proposition by understanding how the South African tax system will impact HNW clients .
- Review your offshore strategy by learning HNW motivations for offshore investments and their preferred booking centers .
Buy a Sample Copy of This Report @ http :// www . radiantinsights . com / research / wealth-in-south-africa-sizingthe-market-opportunity-2016 / request-sample
Table of Content EXECUTIVE SUMMARY South Africa ' s volatile economic , political , and financial environment will hamper market growth Key findings Critical success factors
SIZING AND FORECASTING THE SOUTH AFRICAN WEALTH MARKET The onshore wealth market is extremely concentrated at the top end Affluent individuals account for just 0.8 % of South Africa ' s population In South Africa affluent individuals hold over 90 % of liquid assets
DRIVERS OF GROWTH IN THE SOUTH AFRICAN WEALTH MARKET Growth in South Africa ' s retail savings and investments market will slow Economic and political difficulties will hamper growth Going forward growth will be driven by deposits Deposits will benefit from increasing savings and investors seeking safe havens Savings will gradually increase High inflation undermines the appeal of deposits Equities and mutual funds have experienced extreme volatility The volatility of the FTSE JSE Index has been exacerbated by political tensions The popularity of mutual funds and equities is unlikely to be dented , although more muted growth is forecast to 2020 Retail bonds will remain a marginal asset class