The report also noted that South Africa’s HNWIs have clear favourites when it comes to brands, with Porsche the most popular brand when it comes to revenue earned in South Africa, followed by Ferrari and Bentley.<\/p>\n
\n
Brands<\/strong><\/p>\n\n
Global market research group New World Wealth has released its latest South African Wealth Report, looking at the trends amongst the country\u2019s wealthiest people.<\/p>\n
A large part of the report focused on how these\u00a0High Networth Individuals (HNWIs) – defined as individuals who have net assets of $1 million or more – spend their money, with purchases ranging from property, to art and fashion.<\/p>\n
However, one of the most popular purchases remains cars, with South Africa’s wealthiest splurging on a number of high-end vehicles.<\/p>\n
The report noted that luxury SUVs are especially popular with SA\u2019s super-rich, primarily because of their:<\/p>\n
The report also noted that South Africa’s HNWIs have clear favourites when it comes to brands, with Porsche the most popular brand when it comes to revenue earned in South Africa, followed by Ferrari and Bentley.<\/p>\n
Brands<\/strong><\/p>\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/08\/high_cayenne_2017_porsche_ag2.jpg\")
<\/a><\/p>\n