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South Africa kisses over 2,400 millionaires goodbye | SA News

Malcolm Libera
 ·26 Aug 2025

The latest Africa Wealth Report for 2025 shows South Africa has lost thousands of millionaires over the last ten years.

According to the report, Africa’s millionaire population is projected to grow by 65% over the next decade. 

Today, the continent is home to 25 billionaires, 348 centi-millionaires (individuals with more than $100 million in investable assets), and 122,500 millionaires, defined as people with assets of over $1 million. 

“This is a remarkable transformation from the late 20th century, when there were only a…

Trade Agreements: South Africa is part of several trade agreements, including the
African Continental Free Trade Area (AfCFTA), aiming to enhance intra-African trade.

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