The African Wealth Report has identified several regions in the country as ’emerging hot-spots’ for the wealthiest citizens in Mzansi. These four coastal resorts are beginning to tempt the High Net Worth Individuals (HNWIs) of South Africa, who are shunning more established locations in favour of some hidden gems.
REVEALED: THE SMALL TOWNS TURNING HEADS IN SOUTH AFRICA
According to the recently-released report, millionaires are looking to capitalise on areas that are yet to ‘boom’. We revealed on Tuesday that Hermanus, a relatively popular tourist destination in the Western Cape, has become a new favourite amongst the HNWIs – after it was dubbed ‘the safest town in SA’.
Financial experts have now identified the ‘semigration’ trends that are now putting Hermanus on the map:
“Hermanus is the fastest growing South African town for HNWIs. A significant number of wealthy Cape Town, Pretoria and Joburg residents have relocated to Hermanus over the past decade. As probably the safest town in SA, this would explain its appeal. Affluent parts of Hermanus include Eastcliff, Voelklip, Kwaaiwater, Onrus and Fernkloof.”
African Wealth Report 2022
THE FOUR SMALL TOWNS SA MILLIONAIRES ARE EYEING UP…
However, as any investor worth their salt will tell you, the next best thing is yet to be discovered: Hermanus has been improving its stock for the past decade – and more tempting opportunities lie in other small towns. The African Wealth Report, therefore, has named its four ’emerging hot-spots’ for wealthy SA citizens.
Keurboomstrand on the Garden Route, in the Western Cape
Zinkwazi Beach on the north coast, in KwaZulu-Natal
Kenton-on-Sea on the Sunshine Coast, in the Eastern Cape
Umdloti on the north coast, in KwaZulu-Natal
