Old Mutual acquiring majority stake in 10X Investments for R2.2 billion

The Old Mutual Group has announced it is acquiring a majority stake in 10X Investments from Old Mutual Private Equity (OMPE) and DiGAME Investments.

This R2.2 billion deal marks an important next step in Old Mutual's evolution as a leader in passive, technology-enabled investment solutions in South Africa, the Group says.

10X is a Cape Town-based investment manager 'on a mission to help people retire better, through low fees, consistent market outperformance and retirement expertise'.

Looking at areas of growth in the markets, particularly in the direct and digital space, the company is one that's emerged very strong over the last few years, says Jurie Strydom, CEO of the Old Mutual Group.

"It's taken in something like a third of the net inflows into that part of the market in the last few years, so we're excited to be bringing those capabilities and that team into the Group."

And Strydom says there is a lot of room for growth - Old Mutual's projections show that this section of the market is going to grow, compounded over the next ten years, by at least 15%.

The transaction is expected to be completed in the second quarter of 2026.

To hear more from Strydom, listen to the interview audio at the top of the article