South African billionaire Johann Rupert keeps control of Remgro as Ninety One takes 5%
Ninety One's clients have acquired 5.0156% of Remgro, worth about $310 million, though Johann Rupert's family retains voting control.
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Ninety One's clients have acquired 5.0156% of Remgro, worth about $310 million, though Johann Rupert's family retains voting control.
Ninety One, led by Hendrik du Toit, hit $187.9 billion in AUM as of June 2025, reflecting global momentum, strategic acquisitions, and strong client inflows.
The partnership aims to combine Ninety One’s investment expertise with Sanlam’s distribution network to improve operational scale and client outcomes.
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
The agreement, valued at R5 billion ($275.7 million), makes Ninety One the primary active investment manager for Sanlam.