South Africa’s biggest asset manager buys a big piece of Johann Rupert’s company

• Ninety One has acquired a stake of more than 5% in Remgro, the investment company controlled by billionaire Johann Rupert and his family.
• The acquisition gives Ninety One a significant position in one of South Africa's largest and most diversified investment groups, with interests across various industries such as finance, healthcare, and consumer goods.
• The deal marks a period of stronger financial performance for Ninety One, which has seen assets under management increase by 31% to £171.8 billion, following several years of pressure on assets under management and client flows.