Ninety One’s stake in Remgro tops $300 million

Ninety One, an Anglo-South African independent asset management firm, has deepened its investment in Remgro, a South African investment holding company, chaired and controlled by billionaire Johann Rupert, after increasing its stake above the $300 million threshold.

The move positions Ninety One among the largest shareholders of Remgro. This move further deepens its investment portfolio and also cements its role as a key stakeholder in one of South Africa’s premier institutions.

Ninety-One raises Remgro stake further above 5%

A regulatory filing on July 29 showed that Ninety-One lifted its stake in the South African investment holding company to 5.0004%, now worth R5.08 billion ($304.04 million).

Those stakes now give Ninety One over 26 million ordinary shares, and this move aligns with its broader strategy of investing in high-value, blue-chip companies. This, in other words, reflects how Remgro, a South African investment holding company can attract major institutional investors like Ninety One. 

Ninety One announced on June 30 2026, that it has reached a significant milestone in its growth journey, reporting £184 billion ($244.7 billion) in assets under management (AUM) as of June 30, 2026. That marked a 31.71% rise from £139.7 billion ($185.82 billion) a year ago and £171.8 billion ($233.8 billion) as of March 31, 2026, buoyed by stronger market performance and improving client inflows across its global strategies. 

Remgro’s momentum

Founded in the 1940s by Rupert’s father Anton, Remgro has evolved into one of South Africa’s largest investment groups with holdings across healthcare, consumer goods, insurance, industrials, infrastructure, media and sports. With a net worth of $20.4 billion, Johann Rupert, who also chairs the company, holds more than 40% of voting rights, remains the country’s richest man.

Remgro’s diversified investment portfolio, spanning healthcare, financial services, infrastructure, and consumer sectors, remains anchored by core holdings including Mediclinic (50.0%), OUTsurance Group (30.5%), CIVH (57.0%), and RCL Foods (79.5%), collectively contributing about 87% of intrinsic net asset value. For the six months ended Dec. 31, 2025, headline earnings rose 38.8% to R5.18 billion ($309.57 million), with earnings per share up 38.5% to R0.93. Intrinsic net asset value per share increased to R297.03, while the share price climbed 14.8% to R181.61, narrowing the discount to 38.9%. Interim dividends surged 80.2% to R0.173 per share, supported by stronger contributions across key investee companies.

Ninety One strengthens its role in South Africa

With over $230 billion in AUM, Ninety One cements its position among the largest independent asset managers operating in both developed and emerging markets, underscoring a turnaround in investor sentiment and a favorable policy environment in its core regions.

Ninety-One’s decision to increase its stake reflects a deliberate push toward high-value investments in the financial sector. As it expands its footprint, the firm expects this move to deliver long-term gains while reinforcing its commitment to transparency, regulatory compliance, and shareholder value.