Business—7 Oct 2025

Ninety One outperforms PSG, Coronation, and AlexForbes

Global asset manager Ninety One has outperformed its competitors, PSG, Coronation, and AlexForbes, on the Johannesburg Stock Exchange (JSE) in 2025.

Ninety One was formed as Investec Asset Management in 1991. It changed its name to Ninety One in 2020, the same year it was demerged from Investec.

The firm has 22 offices across 15 countries and is dual-listed on the Johannesburg Stock Exchange and the London Stock Exchange.

Last year, Ninety One and Sanlam entered a binding framework agreement to create a 15-year partnership between the companies.

Under the agreement, Sanlam will appoint Ninety One as its primary active investment manager for its local and global products.

As part of the agreement, Ninety One will also buy Sanlam’s active investment management business, Sanlam Investment Management Proprietary.

In exchange, Sanlam will receive a 12.3% equity stake in Ninety One through a combination of Ninety One Limited and Ninety One plc shares.

Last month, the Competition Tribunal approved the proposed merger between Ninety One and Sanlam Investment Management.

In June 2025, Ninety One revealed that it had grown its assets under management (AUM) to £130.8 billion (R3.15 trillion).

The Sanlam deal will further increase its assets under management by around R400 billion, extending its lead at the top of South Africa’s asset management industry.

“We are looking forward to a long and fruitful relationship with Sanlam, a business with a powerful brand and significant scale in South Africa,” Ninety One CEO Hendrik du Toit said.

“Our experience and expertise are complementary. We are making a substantial investment in the future of South Africa.”

Many analysts are bullish about Ninety One, saying the company is well-positioned for growth, especially after the Sanlam deal.

The Ninety One share price has rallied by 43% since the start of the year, making it the best performer in the sector.

The tables and charts below provide an overview of the financial data and share price performance of Ninety One in comparison with PSG, Coronation, and AlexForbes.