Tag Archives: Per Capita Wealth
2016 saw a boom of property and real estate development in many African cities with Mauritius capitalizing on property ownership and expanding the countries per capita wealth. These developments are happening on the fast rise and thus, a need for a sustainable strategy for managing the sector in Africa for a prolonged benefit. On August 24th and 25th 2017, API Events (www.APIevents.com) will be holding the 8th annual API Summit & Expo (www.APIsummit.co.za) in Johannesburg. The 2017 API Summit and Expo promises to delve in-depth into each of these topics, and more, with participation from over 35 countries, 600 delegates and 250 companies, providing insights, thought-leadership and solution-focused tools.
A new analysis from AfrAsia has it that Mauritius is fast rising and has the highest increasing number of millionaires in Africa although South Africa remains the lead country for highest number of millionaires. According to the report, the country experienced an exponential rise in per capita wealth – estimated at around 20 per cent and had the highest wealth per capita in Africa for the year 2016. The estimated value per capita for Mauritius was $25,700 followed by South Africa at an estimated $11,300.