PSG Group says restructuring plans on track

This follows an announcement on 1 March 2022 that the group is to pursue a major restructuring as a value-unlocking initiative for the benefit of all PSG Group shareholders, following which the group will be delisted from the JSE.

It entails the unbundling of PSG Group’s shareholding in JSE-listed PSG Konsult, Curro, Kaap Agri, CA Sales Holdings , as well as 25.1% of the total issued shares in Stadio. The group in the meantime achieved strong financial results for the year under review with a 36% increase in its Sum-of-the-Parts value from R94.24 to R127.88 per PSG Group share. Given the change in PSG Group’s accounting status in 2020 to that of an Investment Entity, the increase in SOTP value per share is its key performance metric.

PSG Konsult, a financial services company focused on providing wealth management, asset management and insurance solutions to clients, reported a 32% increase in recurring headline earnings per share for the year under review following strong performance from the Asset Management division in particular, and solid performance from the Wealth and Insure divisions.

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