Ninety One’s assets under management breach R3-trillion mark
The group’s SA business keeps its head above water in a very tight market, says CEO Hendrik du Toit
05 June 2024 - 10:00
UPDATED 05 June 2024 - 15:36
Strong asset values helped push Ninety One’s assets under management past the R3-trillion mark, cementing the company’s place as the largest money manager in SA. This was despite outflows of £9.4bn in the year to end-March.
The group, spun off from Investec a few years ago, reported assets under management of £126bn (R3-trillion). In rand terms, this is the first time that the active investment manager breached the R3-trillion mark — R400bn more than assets managed by the Public Investment Corporation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.