Research and Markets: Challenges and Opportunities for the Wealth Sector in South Africa 2014

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/tk3mvk/challenges_and) has announced the addition of the "Challenges and Opportunities for the Wealth Sector in South Africa 2014" report to their offering.

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 HNWIs have performed through the crisis.

This report is a thorough analysis of South Africa's Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

Scope

  • Independent market sizing of South Africa HNWIs 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 UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2009-2013)
  • Insights into the drivers of HNWI wealth

Key Highlights

  • At the end of 2013, South African HNWIs held 17.4% (US$35 billion) of their wealth outside their home country, which is below the worldwide average of 20-30%.
  • WealthInsight 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 HNWIs' foreign assets.
  • It was followed by North America with 24.2%, Europe with 22.6%, Asia-Pacific 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 HNWIs 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.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Wealth Sector Fundamentals

4 Competitive Landscape of the Wealth Sector

5 Appendix

Companies Mentioned

  • African Bank Investments Limited
  • FNB
  • FirstRand Bank
  • Imperial Bank South Africa
  • Investec Bank Limited
  • Nedbank
  • Nedbank Limited
  • Rand Merchant Bank
  • Sasfin Bank Limited
  • Standard Bank Private Clients

For more information visit http://www.researchandmarkets.com/research/tk3mvk/challenges_and

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Wealth Management

Sharing

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Wealth Management