African Wealth Report | SA has lost 11 000 US-dollar millionaires: Andrew Amoils

South Africa has apparently lost over 11 000 millionaires in one year.
The African Wealth Report is published by International advisory firm Henley in collaboration with New World Wealth. But who are these millionaires and where have they gone?
For more on this report we are joined by Andrew Amoils, he is the head researcher with New World Wealth.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

[@Macedonia270]

The more important issue that needs to be addressed is that these millionnaires may live in South Africa, but most of their wealth is invested offshore and will not create jobs in South Africa....and it is only going to get worse....

[@user-lo5tr1zj8u]

First corruption needs to be rooted out, can’t blame them to invest offshore. The cadres will eat it here in SA

[@Macedonia270]

@@user-lo5tr1zj8u Exactly, I agree with you 100%. Only a fool will invest in a country where the government will force you to give up 50% of your business to a politically (ANC) connected person who is stupid, arrogant, entitled, lazy and greedy....who will add ZERO value but will want half the business to waste on cars, clothes and Louis Vuitton in order to APPEAR wealthy and successful.... FCK em!

[@KKOPPONG]

I don’t blame them. It’ll only get worse because the more votes Julius gets the more will leave & those who don’t leave will watch their wealth drop year after year.

[@afrikaazanialuti]

Overall, insecurity imposes significant economic costs on South Africa, hindering its potential for growth and development. Addressing these security challenges is crucial for creating a stable and prosperous economic environment.

[@jangleleg117]

Considering my "safe" neighborhood here in Durban has been raped and pillaged by paras the last week, I'd say yeah. This country is in massive trouble. There is no such thing as a "safe neighborhood " in this bloody country

[@graham9794]

It's confirmed!! South African's National IQ test will be written on 29 May.

[@SirTedE]

IMO this is a blessing in disguise. SA has the knowhow and capabilities to grow its own wealth by trading more with the countries within Africa, the Caribbean and other diaspora countries. It time to end the dependency on Europeans and other countries which only end up taking more than SA is willing to loose. The gravy train is over for them. Time to build our own country. The lost of 11000 millionaires is a headliner designed to frighten SA into making rash decisions. SA can replace these 11000 lost millionaires quickly if it focuses on building its economy and driving down corruption not only in government but also in the white colour business environments.

[@phenyomatseke557]

Why didn't Zimbabwe just do that as it seems like such a genius idea.

[@aaronrathbone6693]

People like these dollar milionares are the business owners traders and employers without them ... jobs drop .... government does not create jobs !

[@Ronewa_Phetola]

Let them go

[@aaronrathbone6693]

Along with 100 000 of thousands of jobs .. ish

[@katsodabzibatsweleng7874]

The man looks like Messi ,iyooh

[@gtxchufxvj]

Not just Millionares but US Dollar Millionaires.

[@calebnathi8241]

It’s sad….

[@ActiveSide-ud3nh]

The truth is, those millionaires are still in the country, but they've lost their millions and we know some that makes the 11000. Corruption money!

[@siyabongajacobdlamini1764]

And who is taking the money now if it's not with the people.

[@user-ls4ow4pp6y]

Zuma created more Millionaires than Ramaphosa

[@aaronrathbone6693]

Through state capture and mass corruption, nepotism yes

[@sadsaxguy3819]

Through BEE corruption, when he got fired they struggled

[@KKOPPONG]

Lol😂…giving thief’s money isn’t creating millionaires, it’s corruption. If he created millionaires where are they now? So they can’t be millionaires with real companies without government handouts. That’s not something to brag about😂

[@WNdaba]

You were quite all along, suddenly now that Zuma is contesting we are getting all these stats. 😮

[@amandamdambamdamba]

UZuma uduma ekhanda lakho ebusuku nemini. Ungenaphi Zuma manje😮😮

[@WNdaba]

@@amandamdambamdamba if ungaboni, leave me. In the past 5 years no S&P report and grading, currency stable, no negative reports about millionaires leaving. White millionaires have been leaving SA since donkey years. This is only a tactic to make us vote for what they want. You have your opinion let me be

[@AustineAK]

Recent report says more are coming now to SA in recent times So that's why they uded a 10 year perios​@@WNdaba

[@khayalethukhaya5250]

If middle class is about R4 million, I was wrong, I am not there shame

[@suzygirl1843]

Who cares if millionaires are leaving. We dont want them

[@KKOPPONG]

Enjoy your load shedding, unemployment and your Ramaphosa R350😂…you bums

[@Loadedopinions]

😂😂😂😂

[@Sollman88]

So what? 😊 Who care? 😮 Let them go with their money 😅. Selfish billionaires

[@aaronrathbone6693]

These are people who employ 1000s they are business owners they are people who create .. so yes .. people who want jobs would care .. South africa needs investors lol and here you are saying go go ... wow I see you have little understanding of the situation or how things work ... what is the unemployment again when just the youth unemployment is over 50 % .. so what about those unemployed above 35 ish ... such a little understanding yet so eager to get a like on an uneducated oppinion ..

[@Sollman88]

Politic is hipocrisy and politics will never bring peace or equality to the people of the world... Make a reSearch... You search for it by reading the books of history and also the prophecy of the Bible. You will have a different understanding....for the understanding you have right now is based on the constitution of the ANC....look where our country is today because of this useless and misleading constitution. i hope you can see it. 😅

[@zetmpendukana5787]

How is cape town the safest city , when all reports point to is a the most dangerous place in Afrika, these settlers are driving propaganda

[@bence8642]

Fake news

[@aaronrathbone6693]

😂 how so ???

[@phikamthethwa2006]

It funny how we care about US people I'm praying Zuma and Ramaphosa can come together hov beef and creat black millionaires because this is all about whites in a black majority country

[@lm_b5080]

its not US people..its people who have a net worth of at least $1 million = R20 million. We lost (at least) R220,000,000 which could have created jobs for poor people. this is because of the government that south africans choose

[@stanleynkosikamthembu168]

@@lm_b5080 Does having more millionaires translates into "more jobs for the poor"?

[@cloudstrife8791]

​@@stanleynkosikamthembu168It translates to more Taxes more taxes create more jobs when the financial budget is being discussed with more funds more spending can be used instead of cutting teacher nurses etc. So yes and if they wanna expand business and open more stores mines or w.e builders get contracts employees get jobs. So less wealthy less tax less tax less budget less budget more late salaries or no salary paymemts and in the end job cuts

[@phikamthethwa2006]

You care about jobs not own them Hy wake up

[@phikamthethwa2006]

@@lm_b5080 wake up just think big