The Long View

Hendrik du Toit: 'Small Things Can Make a Big Difference'

Jan 21, 2025

Hendrik du Toit, CEO and co-founder of Ninety One Asset Management and board member of Naspers, shares his insights on the evolving investment landscape. He discusses the balance of financial returns with sustainability, emphasizing market-based solutions. Du Toit dives into the impact of digital transformation and regulation on companies like Tencent, while highlighting opportunities in emerging markets debt. He also expresses optimism for South Africa's future and shares his enthusiasm for outdoor sports like the Cape Epic.

53:41

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Episode guests

Hendrik du Toit

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Quick takeaways

Hendrik du Toit emphasizes Ninety One's commitment to sustainable equity investments and the importance of transparency in addressing environmental challenges.

Du Toit highlights the growth potential of emerging markets, advocating for proactive engagement to unlock investment opportunities beyond developed economies.

Deep dives

Background and Growth of 91 Asset Management

Hendrik Dutoy, CEO and co-founder of 91 Asset Management, provides insight into the company's origins in South Africa, where it started with just two clients in 1991. Over the years, 91 has expanded significantly, now managing substantial assets primarily sourced from institutional investors globally, with South Africa remaining its largest market. The South African investment landscape is described as sophisticated, akin to other developed markets like Canada and Australia, with a century-long tradition of pension management. Dutoy emphasizes the maturity of the local mutual fund market and the expertise of the intermediary community, making South Africa a unique yet advanced financial environment.

Intro

4min

Investing in a Sustainable Future

23min

Investment Insights: Navigating Digital Transformation and Regulation

5min

Investing in Emerging Markets Debt

15min

Optimism for South Africa's Future and Personal Passions

4min

Closing Remarks and Listener Engagement

2min

Our guest this week is Hendrik du Toit, CEO and co-founder of Ninety One Asset Management, which is dually listed in London and Johannesburg, South Africa, and was formerly known as Investec Asset Management, founded in 1991. In addition to running Ninety One, Hendrik is on the board of Naspers and its European subsidiary, Prosus, which is a cornerstone investor in China’s Tencent. He has served on the Leadership Council of the Sustainable Development Solutions Network, a United Nations initiative, and is a public figure in his native South Africa and in the United Kingdom. Hendrik holds degrees from Stellenbosch University and Cambridge. Hendrik, thanks so much for joining us on The Long View.

Background

Bio

Ninety One Global Strategy Fund – Global Environment Fund IX Acc GBP

Ninety One Global Sustainable Equity I Acc GBP

Ninety One Emerging Markets Local Currency Debt Fund A Accumulation USD

Ninety One GSF Emerging Markets Local Currency Debt C Acc USD

Naspers

Prosus

Sustainability and ESG

Ninety One’s Sustainability and Stewardship Report

“Ninety One Becomes First SA Asset Manager to Sign Onto Net Zero Asset Managers Initiative,” ebnet.co.za, July 26, 2022.

“Ninety One CEO Hendrik du Toit on Asset Management and Green Investing,” Bloomberg TV video interview, Bloomberg.com, Sept. 24, 2024.