A significant number of wealthy South Africans have left the country

Data from New World Wealth and AfrAsia Bank shows the latest trends in the movement of high net worth individuals (HNWIs) around the world, including which countries are losing the most millionaires, and where they’re settling.

The group said that wealth migration figures are important metrics to gauge of the health of an economy, while HNWIs are defined as dollar millionaires, or those individuals with wealth of US$1 million or more.

“If a country is losing a large number of HNWIs to migration, it is probably due to serious problems in that country – i.e. crime, lack of business…

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