Tag: PSG Konsult
Wealth management group PSG Konsult increased full year profits and dividends despite weak economic growth in South Africa, made worse by the coronavirus. But the group's total assets under management took a knock, in part, due to the COVID-19 market selloff. CNBC Africa unpacks the numbers with Francois Gouws, CEO, PSG Konsult.
Financial services company, PSG Konsult, published its 2019 interim results with an 8 per cent growth in recurring headline earnings per share. The company, which was boosted by insurance growth, had a return on equity of 20.2 per cent. PSG Konsult CEO, Francois Gouws joins CNBC Africa for more.
PSG Konsult full year results for the year ended 28 February have revealed a 4 per cent increase in headline earnings per share to 44.6 cents and dividends are up 14 per cent to over 20 cents per share. The asset manager noted increased costs to facilitate the acquisition of Absa insurance and financial advisers business and its new business operation in Botswana. Joining CNBC Africa is Francois Gouws CEO, PSG Konsult.
Clicks Group reported strong interim results for the six months ended 28 February. The pharmacy and beauty retailer group opened up 17 stores and 18 new pharmacies expanding its footprint to 680 stores and 528 pharmacies, in the last months. Clicks diluted headline earnings were up by 13.2 per cent to about 300 cents. Clicks Group CEO, Vikesh Ramsunder joins CNBC Africa to unpack the numbers.
Will remain non-executive chairman.