South Africa is home to the highest number of millionaires in Africa. In 2014 46,800 millionaires lived in South Africa. Egypt is home to the second largest number of millionaires in the African continent with more than 20,000 people have a net wealth over $1 million US dollars.

Income inequality in post apartheid South Africa is still very much an issue. In 2014 60-65% of South Africa’s wealth belonged to 10% of the population. Inequality is significantly greater here than in the US where only 40-45% of America’s wealth is controlled by 10% of the population.

The South African Rand is the official currency of South Africa. The ISO 4217 currency code for the South African Rand is ZAR.

South African Rand Exchange Rate History Chart - Pan & Zoom 30-365 days (GBPZAR)