10X Investments

South African investment company February 2026 10X Investments 10X_Investments_Logo.svg 200px Subsidiary InvestmentFinance 2008 Steven Nathan Cape Town, South Africa https://www.10x.co.za/ 10X Investments - Homepage 10X Investments 2 February 2026 South Africa Tobie van Heerden (CEO)Christopher Eddy (Head of Investments) Financial services R68 billion (2026) Old Mutual https://10x.co.za 10X Investments, alternatively referred to simply as 10X, is an investment firm based in Cape Town, South Africa. https://www.10x.co.za/about 10X - About Us 10X Investments 2 February 2026 Founded in 2008, the company had total assets under management of R68 billion in 2026. As of 2026, 10X is a subsidiary of major South African financial services company Old Mutual, through its Old Mutual Wealth division. https://dailyinvestor.com/investing/117780/old-mutual-picks-up-major-asset-manager-for-r2-2-billion/ Old Mutual picks up major asset manager for R2.2 billion Shaun Jacobs Daily Investor 29 January 2026 2 February 2026 History 10X Investments was founded in 2008 by Steven Nathan, who then served as the company's CEO. Also in 2008, the company launched corporate umbrella retirements funds, with the first multi-asset index tracking in South Africa, and recorded an assets under management (AUM) total value of R130 million. https://intermediaries.10x.co.za/about/ 10X Investments (Intermediaries) - About Us 10X Investments 17 November 2024 The following year, it launched its retail business, and recorded a total AUM value of R245 million. In 2014, major South African financial services group Old Mutual bought a 30% shareholding in 10X, via its Old Mutual Private Equity division. In the same year, UK-based investment firm DiGAME also invested in 10X. https://www.news24.com/business/companies/old-mutual-to-take-control-of10x-in-r22bn-deal-20251028-0701 Old Mutual to take control of 10x in R2.2bn deal Karl Gernetzky news24 28 October 2025 2 February 2026 In November 2017, 10X announced that it had acquired R83.76 million in new funding from existing shareholder Old Mutual Private Equity, and new shareholder DiGAME Investment Company. 10X said it would use the funds to further expand its retail offering, as well as consider international opportunities. At the time, 10X managed over R8 billion on behalf of individuals, and blue-chip clients such as Virgin Active, General Motors and Deutsche Bank. https://africaglobalfunds.com/news/private-equity/deals/10x-investments-gets-614m-in-new-funding/ 10X Investments gets $6.14m in new funding Africa Global Funds 14 November 2017 3 February 2026 In 2018, 10X launched its first unit trusts, and recorded a total assets under management value of R9.4 billion. In January 2021, after 15 years at the helm, 10X Investments’ founder and CEO Steven Nathan resigned. Subsequently, the company’s chairman, Henk Beets, assumed the role of acting CEO. https://www.fanews.co.za/article/people-and-companies/12/news/1163/steven-nathan-steps-down-as-ceo-of-10x-investments/30941 Steven Nathan Steps Down As CEO of 10X Investments FAnews 11 January 2021 2 February 2026 In 2023, 10X acquired CoreShares Asset Management, an exclusively intermediated assets firm. The acquisition resulted in 10X becoming a full-service asset management firm with over R31 billion in assets under management. After around 18 months since the acquisition, the firms' combined assets had grown to around R41 billion. https://businesstech.co.za/news/banking/598658/business-talk-10x-investments-ceo-tobie-van-heerden-on-the-acquisition-of-coreshares/ Business Talk – 10X Investments CEO Tobie van Heerden on the acquisition of CoreShares BusinessTech 21 June 2022 2 February 2026 https://www.moonstone.co.za/10x-investments-to-buy-coreshares/ 10X Investments to Buy CoreShares Moonstone 16 May 2022 2 February 2023 https://citywire.com/za/news/10x-s-assets-grow-r10bn-since-coreshares-merger-announcement/a2427632 10X’s assets grow R10bn since CoreShares merger announcement Justin Brown CityWire 10 October 2023 2 February 2026 That same year, 10X listed the first actively managed ETF on the JSE Limited, South Africa's largest stock exchange. In October 2025, South African financial services group Old Mutual announced that it intended to acquire 10X Investments for R2.2 billion, subject to regulatory approval. https://www.capetownetc.com/news/old-mutual-secures-r2-2bn-stake-in-10x-investments/ Old Mutual secures R2.2bn stake in 10X investments Cape Town ETC 28 October 2025 2 February 2026 At the time, 10X had over 60,000 clients, and total AUM of R68 billion. The deal was unconditionally approved by the South African Competition Tribunal in January 2026. https://businesstech.co.za/news/business/847997/financial-giant-gets-the-green-light-to-buy-south-african-company-for-r2-2-billion/ Financial giant gets the green light to buy South African company for R2.2 billion BusinessTech 15 January 2026 2 February 2026 As part of the acquisition, Old Mutual Wealth would acquire 10X Investments from its sister company, Old Mutual Private Equity (OMPE), and independent company DiGame Investments. Old Mutual said that it was acquiring the increased shareholding in 10X in order to increase its exposure to passive investments in South Africa. Operations 10X provides services including retirement annuities, living annuities, preservation funds, unit trusts, and tax-free investments. It does so across two flagship funds - 10X Your Future and 10X Income - as well as numerous other funds, including its offshore 10X MSCI World Index Feeder fund. As is required under South African law, 10X is a Financial Services Provider licensed with the Financial Sector Conduct Authority (FSCA). The company is also a Section 13B Pension Funds Administrator (under the Pension Funds Act 24 of 1956). https://www.gov.za/documents/pension-funds-act-22-may-2015-1349 Pension Funds Act 24 of 1956 The Government of South Africa 22 May 2015 2 February 2026 See also Banking in South Africa Old Mutual References Category:Investment companies of South Africa Category:Asset management companies of South Africa Category:Financial services companies of South Africa Category:Companies based in Cape Town Category:Financial services companies established in 2008 Category:2008 establishments in South Africa Category:South African brands