Ninety One acquires over 5% stake in Capitec

Ninety One SA (Pty) Ltd has acquired an interest in Capitec Bank Holdings Limited, crossing a key ownership threshold. According to a formal notification received by Capitec on April 1, 2025, Ninety One now holds 5.0957% of Capitec's ordinary share capital. This acquisition triggers notification requirements under Section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements. Capitec has filed the requisite notice with the Takeover Regulation Panel and confirmed that the information disclosed accurately reflects the details provided by Ninety One. PSG Capital acted as the sponsor for this announcement.