The established wealthy in Gauteng are diverging from the cryptocurrency trend, opting instead for tangible assets such as fine art and classic cars to secure their fortunes. This preference is driven by a desire for stability and a deeper understanding of investment value, according to Standard Bank's wealth report.
Older high-net-worth individuals, often aged 60 and above, are more comfortable with traditional investments like property, art collections, and luxury vehicles. These assets offer a sense of security and direct control that digital currencies lack. Beyond these, commercial real estate and elite education are also viewed as crucial for intergenerational wealth transfer and long-term financial resilience.
