Of the estimated 4 000 super-rich who left South Africa over the past decade, about 500 left in 2019. About 4 000 of South Africa's high net worth individuals likely left over the past decade, according to Andrew Amoils, a wealth analyst at New World Wealth. The latest estimates were done for the AfrAsia Bank and New World Wealth 2020 Global Wealth Migration Review. Published annually since 2018, the report examines recent worldwide wealth migration trends and analyses the potential impact of the Covid-19 outbreak on wealth migration going forward. "It should be noted that SA is by no means alone in losing high net worth individuals.

Source: News 24 September 30, 2020 15:22 UTC