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SA Has More Millionaires Than Nigeria And Egypt Put Together by andrewza: 10:49am On Aug 06, 2013 |
http://businesstech.co.za/news/general/43691/sa-home-to-most-millionaires-in-africa/ South Africa is home to the most millionaires in Africa, a title that’s expected to carry through until 2020, according to New World Wealth (NWW). The research paper echoes similar finding to WealthInsight, which in May 2013 revealed that South Africa is home to 48,800 millionaires – 23,400 of which are found in Africa’s most millionnaire-rich city, Johannesburg. Cape Town is South Africa’s second biggest millionaire city with 9,000 millionaires, while Durban (2,700) and Pretoria (2,500) are the third and fourth. New World Wealth defines millionaires as individuals with net assets of US$1 million or more excluding their primary residences – also known as High Net-Worth Individuals (HNWIs). 1 Johannesburg 23.400 2 Cairo 12,300 15,000 3 Lagos 9,800 15,800 4 Cape Town 9,000 5 Nairobi 5,000 8,100 6 Durban 2,700 3,600 7 Casablanca 2,700 8 Pretoria 2,500 9 Luanda 2,400 3,800 10 Algiers 2,300 3,500 According to NWW, by 2020, Accra in Ghana is expected to be the fastest growing major city for African millionaires over the next 8 years, with millionaire numbers in the city rising from 800 in 2012 to 1,500 in 2020 (8% growth). Johannesburg’s number of millionaires is expected to grow by 3.4% over the period, hitting 30,600 individuals in 2020. NWW’s forward data is compiled through aggregating surveys done on HNWIs, as well as its own data and official statistics from the World Bank. Forward analysis takes into account real GDP growth, exchange rate behaviour and a number of other market-related data. # Country Millionaires 1 South Africa 48,800 2 Egypt 23,000 3 Nigeria 15,900 4 Kenya 8,400 5 Angola 6,400 6 Tanzania 5,700 7 Libya 6,500 8 Tunisia 6,400 9 Morocco 4,900 10 Algeria 4,100 |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by nnecar(f): 11:39am On Aug 06, 2013 |
So what is your point?? 1 Like |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by paniki(m): 11:42am On Aug 06, 2013 |
Nigeria should have 3-4 times more millionaires than SA. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Nobody: 4:12pm On Aug 06, 2013 |
Nigeria has africa's only 20.5 billion dollar man. Employing over 50,000 people across africa. 3 Likes |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by panafrican(m): 4:36pm On Aug 06, 2013 |
This is nonsense. How does this benefit the ordinary south African family that barely make it through the week? |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by andrewza: 6:01pm On Aug 06, 2013 |
panafrican: This is nonsense. How does this benefit the ordinary south African family that barely make it through the week? Since when does a ordinary south african strugel. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by sambos994(m): 6:05pm On Aug 06, 2013 |
While Nigeria's richest man is richer than your top 2 combined. 1 Like |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Nobody: 6:11pm On Aug 06, 2013 |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Nobody: 6:13pm On Aug 06, 2013 |
And your point? |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by andrewza: 6:25pm On Aug 06, 2013 |
sambos994: While Nigeria's richest man is richer than your top 2 combined. Taking in account populastion difrence we can see that nigeria has a very thin layer of rich people. And now nigerians think that is a good thing. 1 Like |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by andrewza: 7:14pm On Aug 06, 2013 |
Henry120: Nigeria has africa's only 20.5 billion dollar man. Employing over 50,000 people across africa. http://www.therichest.com/nation/richest-people-in-africa/ |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by 14(m): 1:33am On Aug 07, 2013 |
There is no doubt about this, there is no one who can dispute this. Fact, if you disagree, visit SA you will prove it yourself. There is no one who can compete with SA in Africa, they are miles ahead in all aspects. Nigerians, relax, you still crawling. You are still 100 yrs behind. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by panafrican(m): 5:33am On Aug 07, 2013 |
andrewza:Andrewa do you know the difference between patriotism and chauvinism? If no-one struggles financially in South Africa why all those deadly strikes. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by andrewza: 5:58am On Aug 07, 2013 |
panafrican: And who says they ordnary south africans. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by paniki(m): 10:00am On Aug 07, 2013 |
panafrican: Let me help you with some perspective. Those miners who were striking and got killed in Marikana were being paid between R7 000 - R9 000 〓 $700 - $900 〓 N113 000 - N145 000. During the strike they were demanding a pay increase to R12 500 〓 $1 250 〓 N200 000. They then settled on a 22% increase which gave them a +/- monthly salary of R11 000 〓 $1 100 〓 N177 000. This is what miners get paid in South Africa, it's not much but most Nigerian graduates would kill for such a salary. 2 Likes |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by collynzo2(m): 10:47am On Aug 08, 2013 |
How many of them are blacks? |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by andrewza: 5:23pm On Aug 08, 2013 |
collynzo2: How many of them are blacks? Thanks to BEE a lot. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Adamskuty(m): 10:51pm On Sep 06, 2013 |
andrewza:ur english is terrible,are u guys still taught with afrikaans in school instead of english? ur miners are still on strike,y'all are suffering and smiling! Funny dude,i just can't stop laughing at his post he heeeehehheheheheheh! Don't tell me u are a house boy for one of those while lords of urs,huh? Bantu nigga |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Adamskuty(m): 10:53pm On Sep 06, 2013 |
collynzo2: How many of them are blacks? none! this S.a people are really funny ooh,we don't need to call the afrikaans southafricans,infact they will deny the fact that they are southafricans,majority of them are so upset and even curse the day their fathers and grandfathers steped foot (by migrating) in S.a |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Adamskuty(m): 10:56pm On Sep 06, 2013 |
paniki:compared that to the oil money. Total crap! Nigerian graduates earn much more than this,majority of S.a graduates prefer mining,u know why?? cos they offer much more than white collar jobs infact there ain't no jobs in ur place,land or area... Whatever u call it! And btw show us the link to that crap u posted there i'll get u nigga,i sure will... How am i sure u just didn't post figures over there.. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Horus(m): 11:22pm On Sep 06, 2013 |
andrewza: http://businesstech.co.za/news/general/43691/sa-home-to-most-millionaires-in-africa/ So why the millionaires in South Africa are not removing the slums? |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by panafrican(m): 2:43am On Sep 07, 2013 |
paniki:We only hear from you guys not from the miners who are being shot by police. How much is the average monthly rent? what is the average price of a new car? compare this to the monthly pay you talked about. What is the average cost of appliances? It is too easy to talk about gross pay without taking into account all the deductions from the check, or without mentioning inflation. 2 Likes |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by panafrican(m): 2:53am On Sep 07, 2013 |
collynzo2: How many of them are blacks?Most of them are white and they made all this money taking over the land. "Soweto wants to know who owns the land" Sonny Okosun, panafricanist singer from Nigeria |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Adamskuty(m): 6:42am On Sep 07, 2013 |
panafrican: Most of them are white and they made all this money taking over the land.never take any of this bantu ugly S.a ape serious they are bunch of confused urchins soweto wants to know who owns the land ooooh (i need to get my hands on that music ooh and watch "sarafina" over again) i haven't seen people suffer like pigs in their zoo like this b4 and those same pigs still lick their master's foot happily today,omg! Doomed creatures |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by zaandrew: 8:06am On Sep 07, 2013 |
Adamskuty: ur english is terrible,are u guys still taught with afrikaans in school instead of english? I actualy have dyslxa. So nothing to do with educastion. Right now it is strike sesaon in SA. All so it is diffrent minners working for diffrent comppanies. What so funny. That we have one city with more money than all of nigeria? Fool that insult means nothing to me. It just shows you think white people are better than you. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by zaandrew: 8:09am On Sep 07, 2013 |
Adamskuty: I actualy posted a link of the top milloners in africa that shows you wrong, not to menstion SA black middiel class out numbers the whits. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by zaandrew: 8:19am On Sep 07, 2013 |
Adamskuty: compared that to the oil money. SA graduates don't do minning. Minning is a job for those with low educastion and skill. Really then why do nigerians rush to south africa for work? You must have been living under a rock. That info is kind of common knowledge. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by zaandrew: 8:35am On Sep 07, 2013 |
Horus: Have you seen some of our townships? Paved roads, brick houses, 24/7 power(you do not even have that, is your genorator running) and far from slums. All so they privet indvilges you do not become rich by being genrouris. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by paniki(m): 11:12am On Sep 07, 2013 |
Envy wont get you peeps anywhere, it will just continue your misery. |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Nobody: 11:36am On Sep 07, 2013 |
paniki: Envy wont get you peeps anywhere, it will just continue your misery. Listen guy, nobody envies you. In-fact most nigerians hope you/ your country prospers. It is good for you and for the continent as a whole. The constant talk of envy by you south africans makes you lot look silly. Nigeria is experiencing 3 times the annual growth rate of south africa, we are africa's 2nd largest economy, only a few clicks below south africa and due to overtake you, in a couple of years time. At the end of the day, competition is good for everyone, it keeps people on their toes. That is way there are threads created by both nationalities to compare between the 2 nations. 70% of nigerians who migrate to south africa are ordinary secondary school leavers, who have no use in nigeria. So don't go deluding yourself by believing that professional / university levers would leave nigeria and head to RSA. Most of those people would head to europe/ america or australia, as it makes no economic sense to head to a country with similar challenges as nigeria. At the end of the day, it is your problem, if you want to continue to believe your self delusion. 1 Like |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by Horus(m): 12:53pm On Sep 07, 2013 |
zaandrew: Millionaires dont have to be generous to invest in housing projects, so tell us why do you still have slums? |
Re: SA Has More Millionaires Than Nigeria And Egypt Put Together by zaandrew: 12:59pm On Sep 07, 2013 |
Horus: why does America have Detroit. or Brazil and india whos slims make those of nigeria (never mind SA) look tiny |
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