Growth In Luxury Brands In South Africa Calls For Specialised Insurance

According to London-based Euromonitor, Africa’s fast-growing emerging markets provide great potential for purveyors of luxury goods. During a webinar held in early May, the company said that South Africa is an important market for luxury goods with its large population of high-income earners. With 60% of Africa’s millionaires based in South Africa, owners of luxury goods may be at an increased risk of underinsurance or even be unable to replace items with the same brand....read more