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Joburg vs Cape Town: Africa’s wealth capitals face off | SA News

Johannesburg may still be Africa’s wealthiest city, but Cape Town is fast catching up and could seize the crown by 2030. That’s the standout finding in the Africa Wealth Report 2025, published by Henley & Partners in collaboration with New World Wealth.

South Africa remains the continent’s heavyweight, with 41 100 (US dollar) millionaires – about 34% of Africa’s total and more than the tally of the next five wealthiest countries combined. But the real story lies in the growing rivalry between Johannesburg and Cape Town. 

Joburg: The current giant

Johannesburg tops the continental list with 11 700 resident…

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