Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,157,937 members, 7,835,121 topics. Date: Tuesday, 21 May 2024 at 05:04 AM

SA Has More Millionaires Than Nigeria And Egypt Put Together - Foreign Affairs - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / SA Has More Millionaires Than Nigeria And Egypt Put Together (5741 Views)

Reuters Report On Nigeria And South Africa's Unending Rivalry / Zulu King Changes Tone And Calls For End To SA Attacks On Foreigners / Asia Has More Millionaires Than Europe (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

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:

Since when does a ordinary south african strugel.
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:
Andrewa do you know the difference between patriotism and chauvinism? If no-one struggles financially in South Africa why all those deadly strikes.

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:
Andrewa do you know the difference between patriotism and chauvinism? If no-one struggles financially in South Africa why all those deadly strikes.

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:

Since when does a ordinary south african strugel.
ur english is terrible,are u guys still taught with afrikaans in school instead of english? grin

ur miners are still on strike,y'all are suffering and smiling!

Funny dude,i just can't stop laughing at his post grin he heeeehehheheheheheh!

Don't tell me u are a house boy for one of those while lords of urs,huh? Bantu nigga grin
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! grin

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:

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.
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?? grin cos they offer much more than white collar jobs grin 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 grin 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/


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).

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:

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.
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.

"Soweto wants to know who owns the land"
Sonny Okosun, panafricanist singer from Nigeria




never take any of this bantu ugly S.a ape serious grin they are bunch of confused urchins


soweto wants to know who owns the land ooooh grin grin (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 grin 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? grin

ur miners are still on strike,y'all are suffering and smiling!

Funny dude,i just can't stop laughing at his post grin he heeeehehheheheheheh!

Don't tell me u are a house boy for one of those while lords of urs,huh? Bantu nigga grin

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:

none! grin

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

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.

Total crap! Nigerian graduates earn much more than this,majority of S.a graduates prefer mining,u know why?? grin cos they offer much more than white collar jobs grin 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 grin i'll get u nigga,i sure will... How am i sure u just didn't post figures over there..

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:

So why the millionaires in South Africa are not removing the slums?

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:

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.

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:

Millionaires dont have to be generous to invest in housing projects, so tell us why do you still have slums?

why does America have Detroit. or Brazil and india whos slims make those of nigeria (never mind SA) look tiny

(1) (2) (3) (Reply)

The New 100 Us Dollar Bill / What Does It Mean To Be African? - Black Diaspora Point-of-view / Is It True Jerry Rawlings Invited Ghana's Corrupt Leaders And Bombed Them All?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.