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Thursday 09th April 2020,
Hope for Nigeria

SA top of Africa’s wealth list

Zimbabweans are among the poorest people in Africa, with the country’s controversial indigenisation laws expected to further erode their wealth, while South Africa tops the continent’s list of wealth per capita, a new survey released on Tuesday showed.

South Africa’s wealth per person last year was $11 310, according to research by consultancy New World Wealth, which has offices in the UK and South Africa. South Africa’s wealth per person grew 169% from $4200 in 2000. Zimbabwe’s wealth per capita last year stood at $570.

This was slightly better than that of Tanzania ($450), Mozambique ($430), Uganda ($360) and Ethiopia ($260).

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