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Ninety-One boosts stake in insurer linked to Africa’s first Black billionaire to over $510 million
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
The move, disclosed in a regulatory filing on Friday, Feb. 21, 2025, underscores the deep relationship between the two firms.
The agreement, valued at R5 billion ($275.7 million), makes Ninety One the primary active investment manager for Sanlam.