Market Report on Challenges and Opportunities for the Wealth Sector in South Africa 2014 Market Reports On South Africa
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Summar y
This report is a thorough analysis of South Africa's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces. Synopsis - This report is the result of 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 HNWI have performed through the crisis.
Scope - Independent market sizing of South Africa HNWI across five wealth bands - HNWI volume and wealth trends from 2009 to 2013 - HNWI volume and wealth forecasts to 2018 - HNWI and UHNWI asset allocations across 13 asset classes - Number of UHNWI in each state and all major cities - Fastest growing cities and states for UHNWI (2009-2013) - Insights into the drivers of HNWI wealth
Reasons To Buy - The Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curate by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWI 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 and wealth management universe in each of the countries and regions . - Report includes comprehensive forecasts to 2018.
Key Highlights - At the end of 2013, South African HNWI held 17.4% (US$35 billion) of their wealth outside their home country, which is below the worldwide average of 20–30%. - expects foreign asset holdings to increase to US$45 billion by 2018, accounting for 16.1% of total South African HNWI assets. - In 2013, Africa accounted for 27.0% of South African HNWI’ foreign assets. - It was followed by North America with 24.2%, Europe with 22.6%, AsiaPacific with 11.7%, Latin America with 9.0% and the Middle East with 5.4%.
- Compared with other regions, South African HNWI allocations to Africa increased during the review period, rising from 21.0% in 2009 to 27.0% in 2013. Africa was the emerging region in terms of global investments, especially from prosperous neighboring countries. - Over the forecast period, South African HNWI are expected to further increase their levels of investment in Africa to 30.1% of foreign HNWI assets by 2018. Investments are increasingly being diverted to the continent.
Table of Contents 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Competitive Landscape of the Wealth Sector 5 Appendix Table 1: HNWI Wealth Band and Group Definitions Table 2: Cities in South Africa by Population (Volume), 2013 Table 3: Leading Domestic Private Banks in South Africa by Local and Global Auk (US$ million), 2013 Table 4: Leading Foreign Private Banks in South Africa.
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Market Report on Challenges and Opportunities for the Wealth Sector in South Africa 2014 Contact Us : Market Reports on South Africa Contact No : +91 2227810772 /73 Email id : info@marketreportsonsouthafrica.com Website : http://www.marketreportsonsouthafrica.com/terms.php