South Africa's Cape Town to become Africa's wealthiest city by 2030: report


CAPE TOWN, April 23 (Xinhua) -- Cape Town, the legislative capital of South Africa, is on track to surpass Johannesburg and emerge as Africa's wealthiest city by 2030, according to the 2024 Africa Wealth Report.

The latest report, published by international wealth advisory firm Henley & Partners in collaboration with global wealth intelligence partner New World Wealth, estimates that the total investable wealth currently held on the African continent amounts to 2.5 trillion U.S. dollars, and its millionaire population is set to increase by 65 percent over the next 10 years.

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