South Africa’s Top Richest Towns And Suburbs

South Africa is no doubt one of the richest countries in the African continent and this great achievement couldn’t be possible without the help of its richest towns and lucrative suburbs.

New data from New World Wealth (NWW) presented a list of streets that charge the most per square meter, in the most exclusive areas in the country.

In its recently released data, the research group revealed that there are approximately 2,300 South African homes valued at R20 million or more (as at December 2015). Out of this, about 880 are in Cape Town, while 550 are located in Johannesburg.

Read Also: 10 Stereotypes About South African Girls That Aren’t Always True

Camps Bay is the top richest suburb for R20 million homes in the country, with 170 properties. The spot has a long history with its first inhabitants said to be the San (hunter-gatherers) and the Goringqhaique, Khoi pastorates who occupied it in 1657. Then, the entire area was covered in forests brimming with wild animals like lion, antelope, and leopard. However, the development first came to the suburb in 1848 and 1884 which was basically road construction. This resulted in the construction of its tramway and tidal pools in 1901. Besides the pools, Rotunda which is currently the Bay Hotel, the Bay’s pavilion (usually used for concerts and shows) was also constructed during this time.

In 1913, the government officially included Camps Bay into Cape Town in as much as it was considered as pleasure seekers spot rather than a residential area.

In recent times, the town is well-outlined and planned to appeal to affluent visitors. It also houses many beautiful tourist centres including shopping malls, mellow cafes, restaurants, cocktail bars with patios and a beach that gives a nice view of the 12 Apostles Mountains, thus draws heavy crowds during summer.

Plettenberg Bay along the south coast comes in right behind Camps Bay with 120 properties. The region’s history is relatively long with Portuguese explorers travelling through it in 1500. Also, early Europeans settled in it as far back as 1700.  Widely known as a seaside town, Plettenberg is located in Western Province. It brims with beaches that have surf breaks or big waves breaks. Just like Camp Bay, Plettenberg draws well-to-do crowds so much so that the town’s population of 44,000 grows to almost four times as many during the summer periods of December and January. Apart from its awesome beaches, coastline offers a pleasant view and the nearby forest is regarded as one of the last remaining tracts of natural forests in the country.

Countries In Southern Africa: Facts You Should Know

Read Also: Apartheid – The Beginning, What Happened, And When It Ended

In the survey, Cape Town got all the attention for being also home to the most expensive properties in the country (per square meter), with Dock Road, near the V&A Marina, fetching the highest price at R108,000 per square meter Busnesstech reported

Other streets regarded as the most expensive neighbourhood in the country as per their square meter (between R77,000 and R90,000) are found in Clifton.
Most Expensive Roads in SA (per square meter):

  • Dock Road, Cape Town (V&A Marina) – R108,000 per square meter.
  • The Ridge Road & Cliff Road, Clifton, Cape Town – R90,000 per square meter.
  • Nettelton Road, Clifton, Cape Town – R85,000 per square meter.
  • Kloof Road, Clifton and Bantry Bay, Cape Town – R82,000 per square meter.
  • Victoria Road, Clifton and Bantry Bay, Cape Town – R77,000 per square meter.

Outside of Cape Town, few roads come close in terms of price – with streets in Plettenberg Bay, Sandton and Umhlanga a stretch away from what is charged per meter in the Mother City:

  • Beachyhead Drive, Plettenberg Bay – R46,000 per square meter.
  • Melrose Arch, Sandton – R35,000 per square meter.
  • Lagoon Drive, Umhlanga Rocks – R31,000 per square meter.
NeighbourhoodProvinceNo. of R20 million + properties
Camps BayWC170
Plettenburg bayWC120
Umhlanga & La LuciaKZN100
Constantia & TokaiWC90
Hyde ParkGP90
 Bishopscourt WC 80
 Fresnaye WC 80
 Houghton GP 80
 Stellenbosch WC 70
 Bantry Bay WC 70
 Paarl WC 60
St Francis BayEC10

NWW prepared this list considering the sales statistics in each of the most exclusive areas’ transfer guides, housing associations, and aggregators.

It also took into account the asking prices in each area from major real estate agency websites, alongside interviews conducted with local property agents and wealth managers, to compile its list.

Was this article helpful?
Amazing Things You Didn't Know You Can Do On Gumtree Johannesburg
Rachael Gumede
Rachael Gumede
Rachael is a content developer and a huge music geek. Her natural storytelling abilities combined with her quick thinking, and critical evaluations makes her the queen of addictive stories. When she is not writing about people and events that matter, she is probably listening or dancing to some real, cool jams.
data-matched-content-rows-num="2" data-matched-content-columns-num="4" data-matched-content-ui-type="image_stacked" data-ad-format="autorelaxed">


Analyzing Cindy Mahlangu’s Role as a Siyanda From The Queen and Her Romance With Bongani Zungu

Cindy Mahlangu is a South African actress and model who is currently blazing the trails in the entertainment scene. Recently, she was one of...

Why Evodia Mogase Divorced Her First Husband and How Old She Is Now

Evodia Mogase has built an interesting Persona on The Real Housewives of Johannesburg. She is an iron lady who says what she feels like...

Mary Twala – Revisiting Somizi’s Mother’s Life of Successes and Legacies

Mary Twala was a South African actress whose life was a testament to duty, humility, and honor. A thespian per excellence, she left an...

How Evodia Mogase Built Her Net Worth and Affords a Luxurious House

Evodia Mogase has come a very long way having had to build her fortune independently after her divorce from her first husband. Although she...

Exploring Kealeboga Masango’s Rise To Fame on Rhythm City and Her Family Background

Kealeboga Masango has been under the spotlight since she snagged her breakout role in the popular South African musical drama series, Rhythm City. She...

Featured Today

How Quinton Jones’ Met, Married and Started a Family With Minnie Dlamini

Quinton Jones' marriage to South Africa's sweetheart, Minnie Dlamini was one of the biggest events of 2017. The news also broke so many hearts...

An Interesting List of Nandi Mbatha’s Boyfriends – Past and Present

Nandi Mbatha apparently loves the feeling of love and being treated to dates. Since the actress stepped onto the scene, she has dated a...

How Did Themba Ntuli Become So Famous and What Car Does He Drive?

Lovers of entertainment in South Africa would know the popular filmmaker, actor, and comedian, Themba Ntuli. Perhaps, one reason he has gained so much...

A Deeper Look at Quinton Jones’ Net Worth and How He Acquired His Wealth

Quinton Jones is one of the most mysterious South African celebrities. He has managed to keep his personal life very much private through the...

Analyzing Litlhonolofatso Litlhakanyane’s Role as Tebello on Scandal and Becoming A Famous Child Actor

Litlhonolofatso Litlhakanyane has been a mainstay of the soapie Scandal! ever since he broke out onto the scene of the popular South African...
Was this article helpful?

Related Stories