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BY Mildred Europa Taylor, 5:37pm June 29, 2019,

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

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by Mildred Europa Taylor, 5:37pm June 29, 2019,
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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%

Last Edited by:Victor Ativie Updated: May 25, 2020

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