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NtisoAkhona acquires a minority stake in FundRock
26 August 2026 South Africa
Image: Arnold/stock.adobe.com
Apex Group, a global financial services provider, has announced that NtisoAkhona has acquired a minority stake in its wholly-owned subsidiary,FundRock Collective Investments.
NtisoAkhona is an investment consortium led by South African business leaders Mcebisi Jonas and Noluthando Gosa.
Apex Group says that this move reinforces its commitment to local ownership and the continued growth of its South African operations.
According to the firm, this investment builds on the longstanding relationship between Apex Group and NtisoAkhona and further aims at strengthening FundRock Collective Investments South Africa’s position as a provider of collective investment scheme management.
Already a shareholder partner in other Apex Group South African businesses, NtisoAkhona is expanding its investment in the group through this transaction, which the firm says further strengthens Apex Group’s Broad-Based Black Economic Empowerment ownership structure.
Peter Hughes, founder and CEO of Apex Group, says: “South Africa is one of Apex Group’s most important markets globally and a key driver of our long-term growth strategy.
“Expanding our relationship with NtisoAkhona reflects our confidence in South Africa, our commitment to meaningful local ownership, and our shared ambition to continue building a stronger business for our clients, our people, and our partners.”
Mcebisi Jonas, chairman of Ntiso Investment Holdings, adds: “We are pleased to deepen our partnership with Apex Group through this investment. Apex Group has consistently demonstrated its commitment to South Africa through investment in people, local capabilities, and innovation.
“We look forward to supporting FundRock Collective Investments South Africa in its next phase of growth while continuing to deliver long-term value for clients and stakeholders.”
NtisoAkhona is an investment consortium led by South African business leaders Mcebisi Jonas and Noluthando Gosa.
Apex Group says that this move reinforces its commitment to local ownership and the continued growth of its South African operations.
According to the firm, this investment builds on the longstanding relationship between Apex Group and NtisoAkhona and further aims at strengthening FundRock Collective Investments South Africa’s position as a provider of collective investment scheme management.
Already a shareholder partner in other Apex Group South African businesses, NtisoAkhona is expanding its investment in the group through this transaction, which the firm says further strengthens Apex Group’s Broad-Based Black Economic Empowerment ownership structure.
Peter Hughes, founder and CEO of Apex Group, says: “South Africa is one of Apex Group’s most important markets globally and a key driver of our long-term growth strategy.
“Expanding our relationship with NtisoAkhona reflects our confidence in South Africa, our commitment to meaningful local ownership, and our shared ambition to continue building a stronger business for our clients, our people, and our partners.”
Mcebisi Jonas, chairman of Ntiso Investment Holdings, adds: “We are pleased to deepen our partnership with Apex Group through this investment. Apex Group has consistently demonstrated its commitment to South Africa through investment in people, local capabilities, and innovation.
“We look forward to supporting FundRock Collective Investments South Africa in its next phase of growth while continuing to deliver long-term value for clients and stakeholders.”
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