RMI IM’s CEO, Alida de Swardt, will join the board of Perpetua effective 1 April 2019, with Lisa Chiume as her alternate director. RMI IM may exercise the balance of the option (10%) within the next 2 years.

This transaction coincides with Perpetua’s growth phase in the firm’s development where the business continues to focus on significantly entrenching their value proposition in the industry; growing institutional and retail market share meaningfully through their existing product range which now includes domestic equities, domestic and global multi-asset class and global equities. Perpetua remains committed to achieving their vision of becoming a leading next generation South African investment firm.

With RMI IM in its 4th year of operation, it has been able to develop and refine its value-add framework for its affiliates.  RMI IM has operated as partners with Perpetua since entering into the option agreement in December 2015 and will continue to constructively engage with Perpetua and add value to the business through the direct shareholding.

RMI IM is naturally excited by the formalisation of the association with a world-class investment team and will strive to continue adding value as a long-term and patient shareholder.

For Perpetua, nothing changes in terms of their ongoing day-to-day focus and earnestness with which they view the responsibility entrusted to them in managing investors’ money. They remain solely committed to this endeavour, now underpinned alongside a partner who is equally committed to attaining the same objectives.