Satrix Secures Its Own Category II Licence as Assets and Market Share Surge

South Africa, 1 November 2025: Satrix will operate under its own Category II Financial Services Provider licence from 1 November 2025, marking a strategic milestone for the business. With assets under management in excess of R290 billion* and a market share^ of nearly 40% of South Africa’s indexed investment sector (unit trusts and ETFs, excluding commodities), Satrix continues to attract the majority of indexation flows – underscoring the scale and momentum that now warrant a dedicated licence.

A Category II licence authorises a financial services provider to manage investments on behalf of clients, making discretionary decisions about buying and selling assets in line with agreed mandates. By bringing this licence fully under the Satrix brand, the company’s regulatory structure now mirrors the scale and independence of its operations.

Kingsley Williams, Chief Investment Officer at Satrix, says, “Our business has grown to the point where it makes sense to operate under our own Category II licence. It’s a cleaner structure that consolidates our operations fully under the Satrix brand, giving clients absolute clarity about who they are dealing with. Importantly, nothing changes for our clients – the same team, the same investment processes, and the same systems remain in place.”

The move aligns Satrix’s regulatory framework with its growth trajectory and strengthens the brand’s position as South Africa’s leading indexation business. It also complements Sanlam’s broader approach of positioning its businesses as investment specialists within their respective markets. Clients will retain uninterrupted access to the full suite of products and services, underpinned by the same investment expertise, with no disruption to operations. 

Williams concludes, “It’s a natural next step for a business of our scale – and one that positions us strongly for the future.”

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*Source: Satrix, 30 September 2025

^Source: etfSA.co.za – Market Capitalisation – SA Industry Report, September 2025

Disclaimer

Satrix consists of the following authorised Financial Services Providers: Satrix Managers (RF) (Pty) Ltd and Satrix Investments (Pty) Ltd. The information does not constitute financial advice. While every effort has been made to ensure the reasonableness and accuracy of the information contained in this document (“the information”), the FSPs, their shareholders, subsidiaries, clients, agents, officers and employees do not make any representations or warranties regarding the accuracy or suitability of the information and shall not be held responsible and disclaim all liability for any loss, liability and damage whatsoever suffered as a result of or which may be attributable, directly or indirectly, to any use of or reliance upon the information.