PSG Group accredits commendable performance to main investments
Capitec, Curro and PSG Konsult contribute to PSG Group nine percent earnings growth.
With the release of its financial results for the year ended 28 February 2019, PSG Group announced that their recurring earnings per share rose nine percent to R10.86.
The growth followed “commendable” performances Capitec, Curro and PSG Konsult, companies which PSG Group holds large stakes in.
Other investments including PSG Alpha and Zeder had weaker performances.
PSG Group CFO Wynand Greeff said:
"Despite obvious challenges, PSG Group remains positive about South Africa and the opportunities it presents. We believe PSG Group’s investment portfolio is suitably positioned to continue yielding above-average returns."