Ninety One SA takes 5.07% stake in Metair Investments
What's the deal? Ninety One SA Proprietary Limited has acquired a 5.07% stake in Metair Investments Limited, the South African automotive components and energy storage manufacturer listed on the Johannesburg Stock Exchange.
The investment positions Ninety One, a prominent South African asset manager, as a notable shareholder in Metair.
The signal: The move suggests institutional investor confidence in Metair's prospects within the automotive parts and energy storage sectors — two areas increasingly shaped by the global shift toward electrification and cleaner energy. For Ninety One, which manages assets across multiple markets, the stake signals a bet on South African industrial and manufacturing capacity at a time when supply chain localisation is gaining momentum worldwide.
Read more: hk.marketscreener.com
