DURBAN - $649 billion in private wealth is held in South Africa according to the South Africa Wealth Report 2019 by The AfrAsia Bank.
39200 South Africans have net assets of $1 million or more while 2070 South Africans have net assets of $10 million or more.
According to report the top spend categories for South Africa's wealthy include dining, travel and shopping and recreation.
Trends between 2008 to 2018
Performance over the past 10 years was moderate with total private wealth held by people living in South Africa rising by 13 percent from $575 billion in 2008 to $649 billion in 2018.