
PSG earnings rise 33.5% as markets boost performance fees
PSG Financial Services reported strong earnings growth, supported by favourable market conditions and higher performance fees.

PSG Financial Services reported strong earnings growth, supported by favourable market conditions and higher performance fees.

Founder Willem Theron will step down as non-executive chairperson.

South Africa’s removal from the EU’s high-risk list eases regulatory friction, but economists caution that rebuilding investor confidence will be gradual.

PSG Financial Services posted a strong overall performance for the year, with a 24.7% increase in recurring headline earnings per share, driven by growth in PSG Insure, PSG Wealth, and PSG Asset Management.

The group reported a 15.9% increase in assets under management to R435bn.