What is Rand?
The South African rand, or simply the rand, is the official currency of the Southern African Common Monetary Area.
How Many Rand Millionaires In South Africa?
Between 2012 and 2022, the number of South African millionaires declined from 47,800 to 37,800.
Where do most millionaires live in South Africa?
Johannesburg is home to 14,600 millionaires, 30 centi-millionaires, and two-dollar billionaires. Cape Town is the second South African city on the list, home to suburbs including Bantry Bay, Bishopscourt, Camps Bay, Clifton, Constantia, Fresnaye, and Llandudno.
What is a good salary in South Africa?
The national average monthly salary in South Africa ranges from a minimum wage of 7,880 ZAR per month (USD 405) to a maximum average salary of 139,000 ZAR per month (USD 7,148.) However, the actual maximum salary can be higher based on an employee’s experience, educational qualification, etc.
Where do rich people go in South Africa?
Many ultra-rich South Africans love the picturesque Cape Winelands region, including the towns of Paarl, Franschhoek, and Stellenbosch. This area has several exclusive lifestyle estates, including Val de Vie, De Zalze, Domaine des Anges, and Winelands Estate.