Old Mutual acquires a majority stake in 10X Investments

In a milestone achievement, Old Mutual has acquired a majority stake in 10X Investments. The transaction is subject to customary conditions and regulatory approvals, with completion expected in the second quarter of 2026.

This marks an important next step in our evolution as an independent investment manager and a leader in technology-enabled investment solutions in South Africa.

Here is what you need to know about this change

1. Our focus remains unchanged: to deliver exceptional value for our clients, maintain our independence, and build a stronger, more resilient firm for the future.
2. 10X operates independently. We keep our brand, our team, and our operational autonomy. The backing of the Old Mutual Group supports further investment in technology and operational capabilities.
3. The management team remains and will increase their shareholding stake in the business. Our leadership continues allowing for deeper alignment with our clients.
4. How you interact with us will not change. Our client-facing team will continue to provide the service that you expect from us.
5. Your fees stay the same. Our ethos has always been to provide low-cost investments to South Africans. We will continue to ensure that our clients get the best investment outcomes.
6. Your investment approach is unchanged. The investment team remains the same and that means that the strategy and the funds will not change. Strategic asset allocation, index diversification, low costs: they all continue.
7. Your information will not be shared. Your client data remains safe with us. Even with the new shareholding we are still subject to the same data protection regulations (POPIA) that have always protected your information. Your data can only be shared with your explicit consent.

Why Old Mutual?

The founding shareholders included Old Mutual Private Equity (OMPE) who have been on the journey with us since 2014. OMPE falls under the umbrella of the Old Mutual Group. After a competitive and rigorous process, the transaction was completed at arm’s length between the parties, together with an independent adviser. The result is that we are partnered with a shareholder that has a long-term history with the business and understands how our operating model has successfully worked for our client base.

Both Old Mutual and 10X Management have a joint commitment to preserving 10X’s independent operating model. We want to ensure we serve our clients’ long-term interests above all else.

Consolidating the future

We are confident that this transition will position 10X Investments for sustained growth and continued success, to the benefit of our clients, partners, and employees alike.

The change in shareholding allows us to continue growing sustainably, while maintaining the independent structure and client-centric culture that defines how we do business.

Thank you for your continued trust. We’re incredibly excited about the next chapter of 10X and look forward to continuing to provide you with the investment outcomes you deserve.

Tobie van Heerden

Chief Executive Officer

10X Investments