Among other findings, New World Wealth’s 2023 Africa Wealth Report has revealed South Africa’s up-and-coming wealth hubs. We take a look.
PLETTENBERG BAY AND KEURBOOMSTRAND
Plettenberg Bay is a major wealth hotspot on the Garden Route. After Johannesburg and Cape Town, it is the top location in South Africa for ultra-luxury homes, with approximately 350 homes valued at over $1m (approx. R18.1m) as at December 2022. Plettenberg Bay has seen a big rise in permanent residents over the past few years, which has boosted its wealth. Keurboomstrand, located just next to Plett, is also expected to see exceptional growth over the coming decade.
HERMANUS:
Traditionally seen as the safest and best run town in South Africa, Hermanus holds great appeal for high-net-worth individuals and is also an increasingly popular retirement destination. Affluent parts of Hermanus include Eastcliff, Fernkloof Estate, Kwaaiwater, Onrus, and Voelklip.
NATURE’S VALLEY:
Located on the Garden Route, about 30 minutes east of Plettenberg Bay, Nature’s Valley is a hidden gem. The forest and lagoon are relatively untouched, making it a paradise for nature lovers. Another positive is that and no motor boats are allowed on the lagoon – which is a popular spot among swimmers and canoeists.
