Johannesburg
Johannesburg, which the locals colloquially refer to as Joburg, is officially the richest city in South Africa because it is unrivaled on the continent with an estimated wealth of $248 billion. This is a major financial hub in the world, and important for a lot of reasons including Fashion, Tourism, Art, Minerals including Diamonds and Gold, as well as Education.Cape Town
Cape Town is the legislative capital of South Africa and is also one of the top wealthiest places on the continent with a total wealth of $133 billion. Cape Town is a hub for finance, manufacturing, government establishments, education, and the services industry. Cape Town has a population of more than 3.5 million. At least one billionaire lives in Cape Town, and there are several millionaires here too.
Durban
Durban is another South African city; one that is famous around the world for its beauty and for its cultural diversity. Statistics say that this is one of the busiest places in the country. Durban is the 3rd wealthiest city in the country and one of the richest in Africa.
Some of the things that make this place important include tourism, real estate, hospitality, finance, manufacturing, and retail commerce. The services sector also plays a good part in the city’s economy
Pretoria
Pretoria is another city in South Africa. This is the administrative capital of South Africa; where all the government establishments are located. That is not to say that other sectors of the economy are not functioning in Pretoria; Education, Retail Commerce, Services, Real Estate, and Hospitality are all important sectors that keep Pretoria economically sound and buoyant.
Pretoria has an estimated total wealth of $45 billion, and a population of over 2.5 million residents making it one of the most populous cities in South Africa. A good number of the population is employed by the Government of South Africa, while others are employed in the services industry.
What are the 5 richest cities in South Africa?
New World Wealth highlighted the wealthiest suburbs in each of these cities:
- Johannesburg – 14,600 millionaires.
- Cape Town – 7,200 millionaires
- Durban – 3,600 millionaires.
- Cape Winelands – 3,400 millionaires.
- Garden Route – 3,000 millionaires.
- Pretoria – 2,400 millionaires.
- Whale Coast – 1,100 millionaires.
What is the richest state in South Africa?
Richest Provinces In South Africa By GDP 2023: Top 9 – Bscholarly Top 9 Richest Provinces In South Africa By GDP 2023. 1. GAUTENG: The Gauteng province most times referred to as the ‘eGoli’ and ‘City of Gold’ is the richest province in South Africa. It is no news how gold was discovered in the province around 1886.