5 major traits of South African millionaires that will bring you closer to being like them

Mildred Europa Taylor Jun 29, 2019 at 05:37pm

June 29, 2019 at 05:37 pm | Money Moves

Mildred Europa Taylor

Mildred Europa Taylor | Head of Content

June 29, 2019 at 05:37 pm | Money Moves

Image result for banking firms south africa
South Africa’s dollar millionaires made their fortunes in financial and professional services. Pic credit: BuzzSouthAfrica

Work they do

An estimated 30 per cent of South Africa’s dollar millionaires made their fortunes in financial and professional services. These services included the banking sector, accounting firms, law firms, fund managers, and wealth management companies. In effect, the sources of South Africa’s dollar millionaires’ fortunes were:

Financial and professional services 30%
Real estate 16%
Tech and telecoms 9%
Mining, farming and chemicals 8%
Mixed sectors, and sectors such as security and education 8%
Healthcare 7%
Retail 5%
Fast-moving consumer goods 5%
Media 4%
Manufacturing 3%
Transport and logistics 3%
Hotels and leisure 2%

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