Tag: PSG Group
Investment holding firm PSG Group Ltd said on Wednesday it was “seriously considering” separating its stake in Capitec Bank to avoid an increase in administrative burden under a new legislation that may deem it a status of financial conglomerate.
Investment holding company, PSG Group has reported a 17 per cent headline earnings per share increase for its full year results ended February. But the company has noted that it is bracing itself for the future of a post COVID-19 crisis. The company has declared a final dividend of 239 cents per share which is a 48 per cent decrease from the previous year. This decrease was due to Capitec, the group’s largest investment and contributor not declaring a final dividend in line with the South African Reserve Bank’s guidance to banks. PSG Group CEO, Piet Mouton joins CNBC Africa for more.
PSG Group, the investment holding company, weathered difficult trading conditions during the six months to August 2019 with key performance benchmark recurring earnings per share increasing by 16 per cent to R5.84 against R5.03 in the previous comparative period. PSG Group CEO, Piet Mouton joins CNBC Africa for more.
Master Currency founder Zithulele ‘KK’ Combi is an established businessman and entrepreneur. He has now acquired a new role of independent chairman of the boards of PSG Group and PSG financial services. CNBC Africa spoke to him to find out more about his new venture and plans for the future.
SA’s PSG Group maintains strong position in the market