Cape Town property most popular hot spot for rich Africans

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Cape Town – South Africa's Mother City is the most popular hot spot for rich Africans who buy property, according to the latest African Wealth Report.

Africa is home to approximately 145 000 high net-worth individuals with a combined wealth holdings of close to $800bn.

A large number of African high net-worth individuals, the bulk from Angola, Ghana and Nigeria, buy homes in other African countries – most notably Cape Town in South Africa.

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