READ ALSO: The best wedding venues in Durban. It is located on South Africa’s east coast in KwaZulu-Natal province, around 580 km (360 miles) south east of Johannesburg. The city is known to be an academic city with three universities and the Council for Scientific and Industrial Research (CSIR) located in its eastern suburbs. About Richards Bay. It is important as a center of industry, manufacturing and trade, particularly because of its busy ports. Waterkloof. Gauteng is highly urbanized and has the country’s biggest city, Johannesburg. What is South Africa's largest city? Wealth in South Africa • According to a WealthInsight report, South Africa has the highest number of millionaires in Africa • 2011 – there were just over 44,700 millionaires in the country, with a combined wealth of US$188 billion • There are 543 multi-millionaires each with wealth of over US$30 million. Cape Town is now home to nine out of ten richest suburbs in the country, up from seven two years ago. A 6-bedroom house in Clifton on sale for R145 million. Durban, including Ballito and Umhlanga, has the third highest concentration of dollar millionaire wealth (3,400 residents), followed closely by Paarl, Franschhoek and Stellenbosch (3,200 residents). Living in Durban (Eastern South Africa) Durban is South Africa’s third-largest city, and is known for its beaches and warm, sunny climate. This neighbourhood is quiet and offers a getaway from the high energy of Durban city life. The richest suburbs in south africa 1. Durban includes the affluent suburbs of Umhlanga, La Lucia, Zimbali and Mount Edgecombe. Of the three, there is no doubt that Cape Town offers a better quality of life and is safer to live in than the other two, provided you can afford to live in the suburbs or city bowl. The total wealth held by HNWIs in Cape Town is about $133 billion. Morningside is one of Durban’s richest suburbs, and for good reason. Also follow us on: The spot has a long history with its first inhabitants said … Oficina Principal Calle 81 No. Richard's Bay is a seaport on the Mhlatuze lagoon in KwaZulu Natal province, on the east coast of South Africa. Rent costs and the overall cost of living in Durban are lower than in Cape Town. These are the 10 richest cities and areas in South Africa. Work hard, play hard...then relax Sandton is a vibrant, modern neighbourhood that contains the richest square mile in Africa. That is thanks in part to the booming construction and real estate market catapulted by the 2010 FIFA World Cup. This is a list of suburbs of the city of Durban, South Africa.Some of these are commonly used names for regions, collections of suburbs (e.g. The suburbs are all no more than a few metres (Reneging around 140m) (feet 459.3 ft) above sea level. The terrain rises slightly towards the west. The province has a GDP per capita of $9,681USD. After a tumultuous three years, a number of significant shifts have begun to notably impact the real estate market, which is clearly evidenced by a recent Lightstone property report revealing current buying trends in the Western Cape, including the latest top suburbs and streets. Hillcrest is one of Durban’s most expensive suburbs and as a result, one of South Africa’s most expensive too. The location is spectacular. Plus, it is close to the CBD, and world-class facilities and amenities surround it. Westville) and do not necessarily correspond to specific legal townships, or suburbs. It is the administrative seat of the government. Camps Bay is the top richest suburb for R20 million homes in the country, with 170 properties. It is a relatively safe area, with the current average property price being R3 702 622. An article put up by Mail & Guardian […] The smallest province of South Africa by area is the most populous one in the country and also the richest in the country. It is in this metropolis that you will find expensive and exclusive suburbs in areas of Bantry Bay and Clifton, among others. The South Africa Heritage's Phoenix Settlement, located 14 miles from Durban, is the place where Gandhi developed his philosophy of passive resistance. TOP 10 RICHEST CITIES IN AFRICA 2018. Johannesburg. Downtown Cape Town is also much safer than downtown Johannesburg or Durban. High-rise apartment buildings tower over cliffs above the Umgeni River, with beautiful views of the spectacular Moses Madiba soccer stadium, Durban Country Club, and Indian Ocean. Durban is the third richest city in South Africa and also the third largest, comparable to Cape Town. Only one suburb in another province, namely Sandhurst in Gauteng, cracked the top 10 list. The area is abundant in coastal dune forest, most notably along the coastal dune belt and in the suburb of Meerensee. Gauteng occupies an area of 18,176 square km and has a population of 12,272,263 people. 9 out of 10 richest SA suburbs are in Cape Town Average price now tops R15m. Cape Town is the largest city, and it lies in the far southwest of the country. 19A - 31. Hillcrest is one of Durban’s most expensive suburbs, and as a result, one of South Africa’s most expensive too. And while Johannesburg has shown double digit growth (13%) in HNWIs since 2007, Durban has had the biggest rise in HNWI residents, showing an increase of 29%. Waterfront, Cape Town. Cape Town home to 9 of the 10 richest suburbs in SA Only one suburb in another province, namely Sandhurst in Gauteng, cracked the top 10 list. It is a busy port as huge coal reserves are shipped out from here. It is a relatively safe area, with the current average property price being R 3 702 622. This neighbourhood is quiet and offers a getaway from the high energy of Durban city life. It is the business gateway into Africa for many large corporations and attracts thousands of ambitious people seeking their fortunes. Millionaire dollar homes by suburb The following tables detail the number of US$2 million (R20 million) homes in these same suburbs. This is double that of the second wealthiest African nation, Egypt, where the HNWI population of 16,700 people holds $303 billion. While the beachfront area is popular, it is also the noisiest part of the city. Around 10km south of the city center around the back of Table Mountain, the southern Cape Town suburbs are more packed with expats than the suburbs in the north. Well-known as the richest square mile in Africa, Sandton offers a luxurious retail and hotel experience. In case you are asking, what is the richest suburbs in South Africa? Sandton is one of the most opulent suburbs in Johannesburg and is home for the JSE Securities Exchange and to the head offices of Africa's largest financial institutions and corporates. Waterfront, with its gorgeous views, offers lucky residents a community friendly and enviable lifestyle. The magazine published aerial views of suburbs in Johannesburg, Cape Town and Durban. The eastern suburbs of Johannesburg are located in the city's 7th [needs update] and 9th [needs update] regions. The fourth and last SA city on this list of richest cities in Africa is Pretoria. Jozi, Jo’burg, and eGoli are some other names by which this beautiful city is called. The Richards Bay area is generally very flat and is situated on a coastal plain. Total Wealth: US$245 billion; The top city in terms of private wealth held by residents of the city is Johannesburg. These are now Cape Town's wealthiest suburbs. Category Property News. Johannesburg, SA. According to the report, South Africa is still the richest country in Africa, with the high net worth (HNWI) population of 39,200 people holding the most wealth at $649 billion. 1. 10 of the Richest People in South Africa Upon looking at a lot of names making it to the list of Forbes of the richest and wealthiest people in the world, we can say that the South Africa has a lot of millionaires and billionaires as well. 10 most expensive suburbs in the country by average selling price. Berea, Overport), or formerly independent towns that are themselves composed of suburbs (e.g. A recent study by property group Seeff, based on data from Lightstone and Propstats for the period 2011/2 to 2016/7 revealed that Cape Town is home to nine of the ten richest suburbs in South Africa.Only one suburb in Gauteng, Sandhurst, cracked the top 10 on the list. 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