Table of Contents
Key Points
- Ninety-One raised its stake in Sanlam from 4.9553 to 5.014%, signaling an investment growth valued at $510.3 million.
- The strategic move aligns with Ninety-One’s investment philosophy, bolstering its portfolio and market influence.
- Compliance and formal notifications to regulatory bodies underline the transparency upheld by Ninety-One and Sanlam in their strategic financial dealings.
Ninety-One, an independent asset management firm, has raised its stake in Sanlam Limited, increasing the market value of its shares in Africa’s leading insurer—partially owned by the continent’s first Black billionaire, Patrice Motsepe—to more than $510 million.
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms. Ninety-One serves as Sanlam’s primary active investment manager and has longstanding ties to South Africa’s financial sector.
Strengthening its position in Sanlam
With this latest increase, Ninety-One’s stake in Sanlam has risen from 4.9553% to 5.014%, now valued at R9.38 billion ($510.3 million). The decision signals confidence in Sanlam’s strong market standing and long-term prospects.
By deepening its investment, Ninety-One not only strengthens its portfolio but also cements its role as a key stakeholder in one of South Africa’s premier financial institutions. This move aligns with its broader strategy of investing in high-value, blue-chip companies.
Compliance and market impact
In line with regulatory requirements, Ninety-One has formally notified all relevant authorities. Sanlam, Africa’s largest insurer, has confirmed receipt of the disclosure, and the necessary filings have been made with the Takeover Regulation Panel.
Although the latest increase amounts to just 0.0587 percent, it represents an additional R109.78 million ($5.98 million) investment, further boosting the total market value of Ninety-One’s holdings.
This latest move reinforces Ninety-One’s ongoing strategy of capitalizing on opportunities in the financial services sector, solidifying its position as a major investor in companies with strong growth potential and a well-established legacy.
Patrice Motsepe's continued influence
Founded in 1918, Sanlam is listed on the Johannesburg Stock Exchange (JSE), Namibia Stock Exchange, and A2X, with a market value of R187 billion ($10.2 billion).
Africa’s first Black billionaire, Patrice Motsepe, holds a 7.8 percent stake through Ubuntu-Botho Investments and serves as the company’s deputy chairman. Under his leadership, Sanlam is strengthening its presence in Africa’s growing insurance and financial services markets.
Ninety-One’s decision to increase its stake reflects a deliberate push toward high-value investments in the financial sector.
As it expands its footprint, the firm expects this move to deliver long-term gains while reinforcing its commitment to transparency, regulatory compliance, and shareholder value.
