Johannesburg is the wealthiest city in Africa

Johannesburg is the wealthiest city in Africa, this is according to the 2019 Africa Wealth Report by New World Wealth and Afrasia Bank. Total wealth for the purposes of the report, refers to the total private wealth held by individuals living in each city. It includes all their assets - property, cash, equities and business interests - less any liabilities. Government funds are not included in the mix. Most of this wealth in Johannesburg is concentrated in Sandton Cape Town comes in second place on the list followed by Cairo in Egypt in 3rd place.