PSG Konsult raises interim dividend 7% as insurance bet pays off

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South Africa Headlines News

Recurring HEPS jumped 8% in the six months to end-August, with its insurance unit the star performer

Financial services group PSG Konsult raised its interim dividend 7% in the six months to end-August, boosted by a solid performance by its short-term insurance unit.

The group said PSG Insure had successfully added more than 10,000 new clients. It had also successfully integrated the Absa Insurance and Financial Advisors commercial and industrial short-term insurance business, having completed its acquisition of that brokerage in December 2018.

 

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