Ninety One lifts Remgro stake past $300M to claim top-shareholder spot
What's the deal? Ninety One, an Anglo-South African asset manager, has raised its stake in South African investment holding company RemgroDealroom has a profile for this one. Try Dealroom → above 5%, now worth R5.08 billion ($304.04 million). A regulatory filing on July 29, 2026 put the holding at 5.0004%, or more than 26 million ordinary shares.
Why now? The move follows a strong stretch for both firms. On June 30, 2026, Ninety One reported £184 billion ($244.7 billion) in assets under management, up 31.71% from £139.7 billion ($185.82 billion) a year earlier.
Who is Remgro? Founded in the 1940s by Anton Rupert, it is one of South Africa's largest investment groups, with holdings across healthcare, consumer goods, insurance, infrastructure, media, and sports. It is chaired and controlled by billionaire Johann Rupert, who holds more than 40% of voting rights and is the country's richest man, with a net worth of $20.4 billion.
The numbers: Remgro's portfolio is anchored by MediclinicDealroom has a profile for this one. Try Dealroom → (50.0%), OUTsurance Group (30.5%), CIVH (57.0%), and RCL Foods (79.5%), which together make up about 87% of intrinsic net asset value. For the six months ended December 31, 2025, headline earnings rose 38.8% to R5.18 billion ($309.57 million), and interim dividends jumped 80.2% to R0.173 per share.
What's the endgame? The stake positions Ninety One among Remgro's largest shareholders and fits its strategy of backing high-value, blue-chip companies. With over $230 billion in assets under management, the firm operates across developed and emerging markets.
The signal: A single institutional investor crossing the 5% mark in a Rupert-controlled group underscores renewed appetite for South African blue chips, helped by improving market performance and client inflows across Ninety One's global strategies.
Read more: Shore Africa
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