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Ultra-rich South Africans are bailing on Joburg, Cape Town and other top cities

South Africans

Data from Henley & Partners shows that high-net-worth individuals (HNWI) continue to leave the country’s economic hubs.

The latest Henley Global Citizens Report 2022 Q3, compiled in collaboration with New World Wealth, reported that Johannesburg has seen a 5% decrease in the number of HNWIs to date in 2022, while Cape Town has seen a slight decrease of 2% over a six month period to the end of June.