{"id":843458,"date":"2025-11-17T11:55:00","date_gmt":"2025-11-17T09:55:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=843458"},"modified":"2025-11-17T15:02:51","modified_gmt":"2025-11-17T13:02:51","slug":"south-africas-private-asset-king-hits-r3-4-trillion-milestone","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/843458\/south-africas-private-asset-king-hits-r3-4-trillion-milestone\/","title":{"rendered":"South Africa’s private asset king hits R3.4 trillion milestone"},"content":{"rendered":"\n

Ninety One, South Africa\u2019s largest private asset manager, has reached over R3.4 trillion in assets under management.\u00a0<\/p>\n\n\n\n

In the six months ending 30 September 2025, the group noted a marked period of improving momentum for Ninety One. <\/p>\n\n\n\n

Market conditions were generally favourable, underpinned by strong equity performance and renewed investor interest in emerging markets. <\/p>\n\n\n\n

Although volatility persisted and geopolitical risks remain elevated, the environment has become more supportive for active investment managers. <\/p>\n\n\n\n

Although the environment remains competitive, the group\u2019s assets under management increased to \u00a3152.1 billion (R3.4 trillion at current exchange rates), the highest number ever reported by Ninety One.<\/p>\n\n\n\n

The outcome was driven by positive net flows across most asset classes, substantial net inflows into equities and a recovery in fixed income. <\/p>\n\n\n\n

Net flows have improved steadily over the last six months, and the majority of our client groups have contributed towards this. <\/p>\n\n\n\n

\u201cOver this reporting period, business conditions have continued to improve,\u201d said Hendrik du Toit, CEO of Ninety One. <\/p>\n\n\n\n

\u201cThe combination of strong markets, competitive investment returns, net inflows, and ongoing cost control has delivered healthy earnings growth.\u201d <\/p>\n\n\n\n

Du Toit noted that there is already evidence of a demand recovery for emerging markets and differentiated active investment management.<\/p>\n\n\n\n

The group is also pleased to finalise a partnership with Sanlam\u2019s investment division, with the UK transaction completed in June 2025. <\/p>\n\n\n\n

The South African part of this transaction will be finalised later in the financial year. <\/p>\n\n\n\n

Of the\u00a0\u00a34.3 billion (R96.78) in net inflows, \u00a31.9 billion (R43 billion) related to the Sanlam UK take-on in June.\u00a0<\/p>\n\n\n\n

Looking ahead, it said merging markets are back on the radar of most major asset owners, with active investment management regaining relevance<\/p>\n\n\n\n

\u201cHaving weathered the challenges of recent years, we see renewed opportunity for growth and remain firmly focused on building the active investment manager of the future.\u201d <\/p>\n\n\n\n

Financials <\/h2>\n\n\n
\n
\"\"<\/a>
Ninety One CEO Hendrik du Toit<\/figcaption><\/figure><\/div>\n\n\n

When it comes to financials, Ninety One saw its profit before tax rise by a massive 10% to \u00a3102.2 million (R2.3 billion).<\/p>\n\n\n\n

Basic and headline earnings per share were also increased by 14% to 8.9 pence per share (R199.91)<\/p>\n\n\n\n

After taking a break in September 2024, Ninety One also declared an interim dividend of 6.0 pence per share (R1.35)<\/p>\n\n\n\n

Metric<\/strong><\/td>Six months to 30 Sep 2025<\/strong><\/td>Six months to 30 Sep 2024<\/strong><\/td>Change %<\/strong><\/td><\/tr>
Profit before tax (\u00a3’m)<\/td>102.2 (R2,299.3m)<\/strong><\/td>93.3 (R2,099.8m)<\/strong><\/td>10<\/td><\/tr>
Adjusted operating profit (\u00a3’m)<\/td>98.8 (R2,223.5m)<\/strong><\/td>88.6 (R1,993.1m)<\/strong><\/td>12<\/td><\/tr>
Adjusted operating profit margin<\/td>32.1%<\/td>30.5%<\/td>\u2014<\/td><\/tr>
Basic earnings per share (p)<\/td>8.9 (R2.00)<\/strong><\/td>7.8 (R1.75)<\/strong><\/td>14<\/td><\/tr>
Headline earnings per share (p)<\/td>8.9 (R2.00)<\/strong><\/td>7.8 (R1.75)<\/strong><\/td>14<\/td><\/tr>
Adjusted earnings per share (p)<\/td>8.4 (R1.89)<\/strong><\/td>7.3 (R1.64)<\/strong><\/td>15<\/td><\/tr>
Interim dividend per share (p)<\/td>6.0 (R1.35)<\/strong><\/td>\u2014<\/td>\u2014<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n
\n","protected":false},"excerpt":{"rendered":"

Ninety One has seen its assets under management reach a staggering R3.4 trillion, with the group excited by the rise in emerging market sentiment. <\/p>\n","protected":false},"author":95,"featured_media":812749,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[19703],"class_list":["post-843458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ninety-one-2"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=843458"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843458\/revisions"}],"predecessor-version":[{"id":843512,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843458\/revisions\/843512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/812749"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=843458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=843458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=843458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}