71 000 dollar millionaires and counting...

Business Day quotes the Global Wealth Report as saying that South Africa is home to 116 000 members of the top one percent of households that own 38,3% of global wealth and the country is the 17th-largest contributor to wealth growth around the world.

The report says that South Africa's social welfare system had resulted in a "remarkable" decrease in the number of absolutely poor people in South Africa. Global wealth is expected to increase by 50% in the next five years to $345-trillion, equivalent to growth of 8,4% a year.

Household wealth in Africa is forecast to rise by more than 90% to $5,8-trillion by 2016.

Read the full article on www.businessday.co.za.
View the Credit Suisse Global Wealth Report.