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Old Mutual acquires R2.2 billion stake in 10x Investments

October 29, 2025

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The Star

OLD MUTUAL on Tuesday said it had acquired a majority stake in 10X Investments (10X) from Old Mutual Private Equity (OMPE), part of Old Mutual Alternative Investments, and DiGAME Investments (DiGAME) for R2.2 billion.

- PHILIPPA LARKIN

Old Mutual acquires R2.2 billion stake in 10x Investments

10X is one of South Africa's fastest-growing investment firms, with assets under management (AUM) at more than R68bn, servicing over 60 000 clients, with a market-leading position in net flows into passive products, ETFs and smart beta solutions.

Old Mutual said this marked an important next step in the company’s evolution as a leader in passive, technology-enabled investment solutions in South Africa. The 10X management will retain a significant stake in the business.

The transaction is subject to customary conditions and regulatory approvals, with completion expected in the second quarter of 2026.

In 2014, OMPE and DiGAME saw the opportunity to partner with 10X, a pioneer in the low-cost retirement savings market in South Africa, where challenges with financial wellness, education, and a poor savings culture persist. This reality guided the strategic decision to build a larger, lower cost and technology-led platform, making passive retirement savings solutions accessible to more people for a meaningful social impact.

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