Browsing: Cape Town

The Africa Wealth Report 2022, released by Henley & Partners in partnership with New World Wealth, ranked the wealthiest cities in Africa by total wealth.

Listed in the report are the richest cities using total private wealth held by all the individuals living in each city.

The parameters measured were assets, cash, equities and business interests. Henley’s survey indicated the top two wealthiest cities on the continent are in South Africa. Johannesburg topped, followed by Cape Town.

According to the IMF World Economic Outlook report published in July 2021, the global economy is projected to grow 6.0 per cent in 2021 and 4.9 per cent in 2022 and this global forecast is unchanged from April 2021 projections.

These statistics show a positive recovery of the global economy and no signal of economic collapse so far, despite the third consecutive fall in the average rating of financial centres as shown by the Global Financial Centres Index 30 report.