Old Mutual Buys 10X Investments in R2.2 Billion Deal — What It Means for South Africa’s Investment Landscape
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Old Mutual has announced a R2.2 billion acquisition of 10X Investments, a move that marks a major shake-up in South Africa’s investment industry. We speak to Tobie van Heerden, Chief Executive of 10X Investments, about what this deal means for the future of low-cost, tech-driven investing and the ordinary South African saver.
We unpack how 10X scaled from a small disruptor into one of the country’s fastest-growing investment firms, why Old Mutual sees passive investing as the future of wealth creation, and how the partnership could accelerate access to affordable retirement and savings products.
We unpack how 10X scaled from a small disruptor into one of the country’s fastest-growing investment firms, why Old Mutual sees passive investing as the future of wealth creation, and how the partnership could accelerate access to affordable retirement and savings products.
